Printing Components Market

The global printing components market is expected to see a slight increase in performance, with a forecasted CAGR of +3.5% in volume and +6.1% in value from 2022 to 2030. In 2022, global consumption, production, imports, and exports experienced fluctuations. Key consuming countries include Turkey, China, and the United States, while major exporting countries include Germany, China, and Turkey. Prices vary by country, with Switzerland having the highest export price and Turkey the lowest. Overall, the market is expected to continue growing in the immediate term.

Market Forecast

Driven by rising demand for printing components worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 1.8M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.1% for the period from 2022 to 2030, which is projected to bring the market value to $43.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Printing Components

In 2022, global consumption of printing components contracted to 1.3M tons, which is down by -11.6% on the year before. In general, consumption recorded a relatively flat trend pattern. Global consumption peaked at 1.8M tons in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

The global printing components market size skyrocketed to $26.9B in 2022, surging by 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Turkey (248K tons), China (190K tons) and the United States (109K tons), together comprising 41% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Turkey (with a CAGR of +20.6%), while consumption for the other global leaders experienced mixed trends in the consumption figures.

In value terms, the largest printing components markets worldwide were the United States ($3.6B), Japan ($2.7B) and China ($2.5B), with a combined 33% share of the global market. Brazil, Turkey, India, Indonesia, Germany, Mexico, Pakistan, Bangladesh and Russia lagged somewhat behind, together comprising a further 14%.

Turkey, with a CAGR of +17.3%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of printing components per capita consumption was registered in Turkey (2,903 kg per 1000 persons), followed by Germany (411 kg per 1000 persons), the United States (326 kg per 1000 persons) and Japan (296 kg per 1000 persons), while the world average per capita consumption of printing components was estimated at 170 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the printing components per capita consumption in Turkey totaled +18.9%. In the other countries, the average annual rates were as follows: Germany (-2.2% per year) and the United States (-5.0% per year).

Production

World Production of Printing Components

In 2022, global production of printing components contracted to 1.3M tons, declining by -9.8% on the year before. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 24% against the previous year. Over the period under review, global production attained the maximum volume at 1.8M tons in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, printing components production fell slightly to $19.4B in 2022 estimated in export price. In general, production showed a mild decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by 4.1% against the previous year. Over the period under review, global production reached the maximum level at $21.5B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Turkey (251K tons), China (195K tons) and the United States (110K tons), together comprising 42% of global production.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +20.6%), while production for the other global leaders experienced mixed trends in the production figures.

Imports

World Imports of Printing Components

After two years of growth, supplies from abroad of printing components decreased by -35.9% to 69K tons in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Global imports peaked at 156K tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, printing components imports shrank to $714M in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, global imports hit record highs at $1.5B in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, India (10K tons), Germany (9.3K tons) and Nigeria (7.8K tons) represented the major importer of printing components in the world, committing 39% of total import. Russia (2.2K tons), Mexico (1.8K tons), Austria (1.7K tons), the Czech Republic (1.6K tons), Malaysia (1.6K tons), Switzerland (1.6K tons), France (1.6K tons), the Netherlands (1.4K tons), Vietnam (1.1K tons) and Italy (1.1K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of +28.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest printing components importing markets worldwide were India ($59M), Germany ($51M) and Russia ($30M), together comprising 20% of global imports. France, Mexico, Nigeria, Italy, the Netherlands, Austria, Switzerland, Vietnam, Malaysia and the Czech Republic lagged somewhat behind, together comprising a further 27%.

Nigeria, with a CAGR of +24.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average printing components import price stood at $10,314 per ton in 2022, rising by 35% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($18,904 per ton), while Nigeria ($2,757 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Printing Components

In 2022, global printing components exports declined to 44K tons, waning by -11.5% against the previous year. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 6.7% against the previous year. As a result, the exports reached the peak of 158K tons. From 2015 to 2022, the growth of the global exports remained at a lower figure.

In value terms, printing components exports fell to $691M in 2022. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 8.6%. Over the period under review, the global exports reached the peak figure at $1.6B in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, Germany (11K tons), distantly followed by China (5.4K tons), Turkey (3.5K tons) and Switzerland (2.2K tons) represented the major exporters of printing components, together achieving 50% of total exports. Italy (1.9K tons), the Czech Republic (1.5K tons), Poland (1.5K tons), the UK (1.4K tons), India (1.3K tons), France (1.2K tons), the Netherlands (1.1K tons), Greece (1K tons) and Malaysia (0.9K tons) followed a long way behind the leaders.

Exports from Germany decreased at an average annual rate of -11.7% from 2012 to 2022. At the same time, Greece (+14.4%), the Netherlands (+10.3%), Turkey (+8.6%) and China (+1.7%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.4% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, the Czech Republic (-6.6%), Italy (-9.6%), Malaysia (-9.9%), India (-10.4%), Switzerland (-12.1%), the UK (-18.4%) and France (-21.0%) illustrated a downward trend over the same period. China (+9.3 p.p.), Turkey (+6.9 p.p.), Poland (+2.5 p.p.), the Netherlands (+2.2 p.p.) and Greece (+2 p.p.) significantly strengthened its position in terms of the global exports, while the UK and France saw its share reduced by -3.7% and -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($130M), China ($103M) and Switzerland ($67M) appeared to be the countries with the highest levels of exports in 2022, with a combined 43% share of global exports. Italy, the Netherlands, Poland, the Czech Republic, the UK, France, Turkey, India, Malaysia and Greece lagged somewhat behind, together accounting for a further 27%.

In terms of the main exporting countries, Turkey, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average printing components export price amounted to $15,686 per ton, rising by 13% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, printing components export price increased by +66.2% against 2015 indices. The pace of growth appeared the most rapid in 2018 an increase of 32%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($30,380 per ton), while Turkey ($4,780 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform