Asia: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in Asia

In 2022, the Asian market for reel fed letterpress printing machinery decreased by X% to $X, falling for the third year in a row after three years of growth. Overall, consumption continues to indicate a mild downturn. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Reel Fed Letterpress Printing Machinery in Asia

In value terms, reel fed letterpress printing machinery production expanded remarkably to $X in 2022 estimated in export price. Overall, production showed slight growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Exports of Reel Fed Letterpress Printing Machinery

Exports in Asia

For the fifth year in a row, Asia recorded growth in overseas shipments of reel fed letterpress printing machinery, which increased by X% to X units in 2022. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reel fed letterpress printing machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a slight slump. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Thailand (X units), committing a X% share of total exports. The Philippines (X units) and Japan (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 exports from China stood at X%. At the same time, the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines 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. China (X p.p.), Thailand (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest reel fed letterpress printing machinery supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and the Philippines (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Reel Fed Letterpress Printing Machinery

Imports in Asia

In 2022, the amount of reel fed letterpress printing machinery imported in Asia dropped sharply to X units, which is down by X% compared with the previous year. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, reel fed letterpress printing machinery imports reduced slightly to $X in 2022. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Singapore represented the largest importer of reel fed letterpress printing machinery in Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by the Philippines (X units), making up a X% share of total imports. Malaysia (X units), Bangladesh (X units), Indonesia (X units), Vietnam (X units), Kuwait (X units) and South Korea (X units) held a minor share of total imports.

Singapore was also the fastest-growing in terms of the reel fed letterpress printing machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Malaysia (X%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Indonesia (X%), Vietnam (X%), Kuwait (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.), the Philippines (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported reel fed letterpress printing machinery in Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam was relatively modest. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, faced a deep slump. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Vietnam ($X per unit), while Singapore ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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