Asia: Book Folding Machine Market 2024

Book Folding Machine Market Size in Asia

The Asian book folding machine market dropped slightly to $X.3B in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X.4B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Book Folding Machine Production in Asia

In value terms, book folding machine production reduced slightly to $X.1B in 2022 estimated in export price. In general, production recorded a perceptible setback. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X.8B in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Book Folding Machine Exports

Exports in Asia

In 2022, shipments abroad of folding machines for books increased by X% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, book folding machine exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, China (X units) was the key exporter of folding machines for books, constituting X% of total exports. It was distantly followed by Thailand (X units), making up an X% share of total exports. Japan (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

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

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

Book Folding Machine Imports

Imports in Asia

In 2022, after four years of decline, there was significant growth in purchases abroad of folding machines for books, when their volume increased by X% to X units. Over the period under review, imports, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, book folding machine imports shrank dramatically to $X in 2022. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units), distantly followed by Kuwait (X units), Singapore (X units), China (X units), the Philippines (X units), South Korea (X units) and Turkey (X units) represented the major importers of folding machines for books, together generating X% of total imports. The following importers - Mongolia (X units), Indonesia (X units), Hong Kong SAR (X units), Bangladesh (X units), Israel (X units) and Azerbaijan (X units) - each reached a X% share of total imports.

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

In value terms, China ($X) constitutes the largest market for imported folding machines for books in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In China, book folding machine imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 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 China ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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