Asia: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in Asia

The Asian flexographic printing machinery market reduced notably to $X in 2022, waning by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Flexographic Printing Machinery Production in Asia

In value terms, flexographic printing machinery production dropped to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Flexographic Printing Machinery Exports

Exports in Asia

In 2022, shipments abroad of flexographic printing machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a mild increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, flexographic printing machinery exports surged to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China represented the key exporting country with an export of around X units, which accounted for X% of total exports. Taiwan (Chinese) (X units) held the second position in the ranking, distantly followed by India (X units) and Hong Kong SAR (X units). All these countries together held near X% share of total exports. Turkey (X units) and the United Arab Emirates (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and India ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Turkey, the United Arab Emirates and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flexographic printing machinery export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Hong Kong SAR ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Flexographic Printing Machinery Imports

Imports in Asia

In 2022, purchases abroad of flexographic printing machinery decreased by X% to X units, falling for the fourth year in a row after three years of growth. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, flexographic printing machinery imports rose modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kuwait (X units), distantly followed by the Philippines (X units), Vietnam (X units), India (X units), Thailand (X units) and Pakistan (X units) represented the major importers of flexographic printing machinery, together constituting X% of total imports. The following importers - Turkey (X units), Nepal (X units), Hong Kong SAR (X units), the United Arab Emirates (X units), Qatar (X units), Azerbaijan (X units) and Bangladesh (X units) - together made up X% of total imports.

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

In value terms, the largest flexographic printing machinery importing markets in Asia were Turkey ($X), Vietnam ($X) and India ($X), together comprising X% of total imports. Thailand, the United Arab Emirates, Pakistan, Bangladesh, Azerbaijan, Kuwait, the Philippines, Qatar, Nepal and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Azerbaijan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price recorded a temperate increase. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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