Overview of the Global Market for Reel Fed Letterpress Printing Machinery

Market Size for Reel Fed Letterpress Printing Machinery

The global market for reel fed letterpress printing machinery expanded significantly to $X in 2022, surging by 14% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Reel Fed Letterpress Printing Machinery

In value terms, reel fed letterpress printing machinery production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 8.4% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports

In 2022, global reel fed letterpress printing machinery exports soared to X units, surging by 89% on the previous year. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 184% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the global exports failed to regain momentum.

In value terms, reel fed letterpress printing machinery exports rose to $X in 2022. In general, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 36%. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporter of reel fed letterpress printing machinery in the world, with the volume of exports accounting for X units, which was approx. 53% of total exports in 2022. France (X units) ranks second in terms of the total exports with a 19% share, followed by Italy (5.2%). The following exporters - Australia (X units), Thailand (X units), the Philippines (X units), Taiwan (Chinese) (X units), Israel (X units) and the UK (X units) - together made up 15% of total exports.

From 2012 to 2022, average annual rates of growth with regard to reel fed letterpress printing machinery exports from China stood at +17.0%. At the same time, the Philippines (+115.1%), Thailand (+60.4%), Israel (+58.3%), Taiwan (Chinese) (+14.0%), France (+10.4%) and Australia (+4.5%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +115.1% from 2012-2022. By contrast, Italy (-8.2%) and the UK (-28.3%) illustrated a downward trend over the same period. While the share of China (+41 p.p.), France (+11 p.p.), Thailand (+3.1 p.p.), the Philippines (+2.3 p.p.), Israel (+2 p.p.) and Taiwan (Chinese) (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-8 p.p.) and the UK (-44.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest reel fed letterpress printing machinery supplier worldwide, comprising 54% of global exports. The second position in the ranking was taken by Italy ($X), with a 17% share of global exports. It was followed by Taiwan (Chinese), with a 3.2% share.

In China, reel fed letterpress printing machinery exports expanded at an average annual rate of +6.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-12.3% per year) and Taiwan (Chinese) (-11.4% per year).

Export Prices by Country

In 2022, the average export price for reel fed letterpress printing machinery amounted to $X per unit, which is down by -45.4% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 212% against the previous year. The global export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-4.5%), while the other global leaders experienced a decline in the export price figures.

Imports of Reel Fed Letterpress Printing Machinery

Imports

In 2022, after two years of decline, there was significant growth in supplies from abroad of reel fed letterpress printing machinery, when their volume increased by 67% to X units. In general, imports posted a slight increase. The most prominent rate of growth was recorded in 2017 when imports increased by 141%. Over the period under review, global imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, reel fed letterpress printing machinery imports contracted slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 11% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Philippines represented the major importer of reel fed letterpress printing machinery in the world, with the volume of imports reaching X units, which was approx. 48% of total imports in 2022. El Salvador (X units) took the second position in the ranking, followed by Indonesia (X units) and Singapore (X units). All these countries together took near 18% share of total imports. Italy (X units), France (X units), Mozambique (X units) and the Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to reel fed letterpress printing machinery imports into the Philippines stood at -12.1%. At the same time, Mozambique (+77.8%), the Netherlands (+69.8%), El Salvador (+33.8%), Indonesia (+13.0%), Singapore (+7.7%), Italy (+6.7%) and France (+2.6%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in the world, with a CAGR of +77.8% from 2012-2022. While the share of the Philippines (+48 p.p.), El Salvador (+8 p.p.), Indonesia (+3.6 p.p.), Mozambique (+2.4 p.p.), Singapore (+2.3 p.p.) and the Netherlands (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest reel fed letterpress printing machinery importing markets worldwide were Indonesia ($X), Italy ($X) and France ($X), with a combined 19% share of global imports. El Salvador, Singapore, the Philippines, the Netherlands and Mozambique lagged somewhat behind, together comprising a further 3.7%.

Among the main importing countries, the Netherlands, with a CAGR of +70.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for reel fed letterpress printing machinery stood at $X per unit in 2022, falling by -42.5% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 271% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.3%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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