Singapore: Printing Press Market 2024

Printing Press Market Size in Singapore

The Singaporean printing press market dropped rapidly to $X in 2022, falling by X% against the previous year. Overall, consumption faced a dramatic slump. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Printing Press Production in Singapore

In value terms, printing press production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Printing Press Exports

Exports from Singapore

In 2022, overseas shipments of printing presses increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, printing press exports shrank modestly to $X in 2022. Overall, exports continue to indicate a moderate increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for printing press exports from Singapore, accounting for a X% share of total exports. Moreover, printing press exports to China exceeded the volume sent to the second major destination, Malaysia (X units), threefold. The third position in this ranking was held by the Czech Republic (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the Czech Republic (X% per year).

In value terms, China ($X) remains the key foreign market for printing presses exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The average printing press export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced a decline.

Printing Press Imports

Imports into Singapore

In 2022, the amount of printing presses imported into Singapore reduced rapidly to X units, with a decrease of X% compared with the previous year's figure. Overall, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, printing press imports reduced rapidly to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X units) constituted the largest supplier of printing press to Singapore, with a X% share of total imports. Moreover, printing press imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

In value terms, China ($X), France ($X) and Japan ($X) constituted the largest printing press suppliers to Singapore, together comprising X% of total imports. Malaysia, Germany, the United States, Switzerland, Spain and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average printing press import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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