Eastern Asia: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in Eastern Asia

The East Asian market for reel fed letterpress printing machinery contracted remarkably to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible contraction. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Reel Fed Letterpress Printing Machinery in Eastern Asia

In value terms, reel fed letterpress printing machinery production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports in Eastern Asia

In 2022, overseas shipments of reel fed letterpress printing machinery increased by X% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports posted strong growth. 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 soared to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs 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, accounting for X units, which was approx. X% of total exports in 2022. Japan (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the reel fed letterpress printing machinery exports, with a CAGR of X% from 2012 to 2022. Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

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 China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Reel Fed Letterpress Printing Machinery

Imports in Eastern Asia

In 2022, overseas purchases of reel fed letterpress printing machinery decreased by X% to X units, falling for the fourth consecutive year after four years of growth. Over the period under review, imports showed a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, reel fed letterpress printing machinery imports declined sharply to $X in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Korea was the largest importer of reel fed letterpress printing machinery in Eastern Asia, with the volume of imports recording X units, which was near X% of total imports in 2022. Taiwan (Chinese) (X units) ranks second in terms of the total imports with a X% share, followed by Japan (X%) and Democratic People's Republic of Korea (X%). China (X units), Hong Kong SAR (X units) and Macao SAR (X units) took a relatively small share of total imports.

South Korea experienced a relatively flat trend pattern with regard to volume of imports of reel fed letterpress printing machinery. At the same time, Democratic People's Republic of Korea (X%) and Macao SAR (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (X%), Hong Kong SAR (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Democratic People's Republic of Korea, Taiwan (Chinese), Japan and Macao SAR increased by X, X, X, X and X percentage points, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Overall, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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