Singapore: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Singapore

The Singaporean market for reel fed offset printing machinery shrank markedly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, saw strong growth. Reel fed offset printing machinery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Reel Fed Offset Printing Machinery in Singapore

In value terms, reel fed offset printing machinery production declined remarkably to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The most prominent rate of growth was recorded 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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Exports of Reel Fed Offset Printing Machinery

Exports from Singapore

In 2022, overseas shipments of reel fed offset printing machinery increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports enjoyed a strong expansion. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, reel fed offset printing machinery exports surged to $X in 2022. In general, exports posted a tangible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for reel fed offset printing machinery exports from Singapore, with a X% share of total exports. Moreover, reel fed offset printing machinery exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Bangladesh (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for reel fed offset printing machinery exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for reel fed offset printing machinery stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Bangladesh ($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 Bangladesh (X%), while the prices for the other major destinations experienced a decline.

Imports of Reel Fed Offset Printing Machinery

Imports into Singapore

After four years of growth, purchases abroad of reel fed offset printing machinery decreased by X% to X units in 2022. Over the period under review, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reel fed offset printing machinery imports surged to $X in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X units), Spain (X units) and China (X units) were the main suppliers of reel fed offset printing machinery imports to Singapore, with a combined X% share of total imports. Moreover, reel fed offset printing machinery imports in Malaysia exceeded the figures recorded by the second-largest supplier, Spain, twofold.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Malaysia ($X) and China ($X) constituted the largest reel fed offset printing machinery suppliers to Singapore, with a combined X% share of total imports.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for reel fed offset printing machinery stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the import price, however, showed a abrupt descent. The growth pace was the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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