Printing Press Market

The global printing press market is forecasted to see continued growth with a CAGR of +2.8% by 2030, reaching a market value of $19.7B. Insights from the article include data on consumption trends, production volumes, import and export figures, and key market trends. The article also highlights key countries leading in consumption, production, imports, and exports, as well as data on pricing trends and growth rates. Overall, the market is expected to exhibit fluctuations but retain an upward trajectory over the coming years.

Market Forecast

Driven by increasing demand for printing presses worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 3.5M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market value to $19.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Printing Presses

In 2022, approx. 2.8M units of printing presses were consumed worldwide; increasing by 18% compared with the year before. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.7% against 2020 indices. As a result, consumption attained the peak volume of 3.2M units. From 2020 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global printing press market revenue was estimated at $13.3B in 2022, growing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.7% against 2019 indices. Global consumption peaked at $16.2B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Singapore (549K units), India (437K units) and the United States (305K units), with a combined 46% share of global consumption. China, Slovakia, Spain, Russia, Canada, Egypt, Mexico, South Africa, Japan and Vietnam lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +40.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.3B), India ($1.7B) and Japan ($772M) were the countries with the highest levels of market value in 2022, together comprising 36% of the global market. Slovakia, Singapore, China, Mexico, Vietnam, Spain, Canada, Russia, South Africa and Egypt lagged somewhat behind, together accounting for a further 24%.

Slovakia, with a CAGR of +40.3%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of printing press per capita consumption was registered in Singapore (95 units per 1000 persons), followed by Slovakia (26 units per 1000 persons), Spain (1.5 units per 1000 persons) and Canada (1.4 units per 1000 persons), while the world average per capita consumption of printing press was estimated at 0.4 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the printing press per capita consumption in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Slovakia (+40.3% per year) and Spain (-2.9% per year).

Production

World Production of Printing Presses

In 2022, approx. 4.1M units of printing presses were produced worldwide; with an increase of 45% on 2021. Over the period under review, the total production indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +72.1% against 2019 indices. As a result, production attained the peak volume and is likely to continue growth in the immediate term.

In value terms, printing press production reached $8.4B in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 with an increase of 9.2%. Global production peaked at $11.5B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Singapore (1.1M units), the UK (777K units) and India (406K units), together comprising 56% of global production. China, Slovakia, Israel, South Africa, Australia, the United States, Italy, Japan, the Netherlands and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Australia (with a CAGR of +44.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Printing Presses

In 2022, approx. 1.8M units of printing presses were imported worldwide; flattening at 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. Over the period under review, global imports hit record highs at 2.8M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, printing press imports shrank modestly to $5.3B in 2022. In general, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 12% against the previous year. Over the period under review, global imports hit record highs at $7.7B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (400K units), distantly followed by Singapore (153K units), the UK (140K units), Spain (91K units) and India (90K units) were the major importers of printing presses, together making up 48% of total imports. Canada (59K units), Egypt (55K units), Mexico (55K units), Malaysia (55K units), Vietnam (51K units), South Africa (50K units), Myanmar (34K units) and Russia (31K units) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +23.2% from 2012 to 2022. At the same time, Myanmar (+53.1%), India (+25.5%), Malaysia (+22.9%), Mexico (+13.6%) and Canada (+2.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of +53.1% from 2012-2022. By contrast, Spain (-1.3%), Singapore (-1.8%), Vietnam (-2.3%), Egypt (-3.6%), Russia (-6.3%), the UK (-8.0%) and South Africa (-8.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, India, Malaysia, Mexico and Myanmar increased by +19, +4.4, +2.6, +2.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($689M) constitutes the largest market for imported printing presses worldwide, comprising 13% of global imports. The second position in the ranking was taken by India ($238M), with a 4.5% share of global imports. It was followed by the UK, with a 2.5% share.

In the United States, printing press imports increased at an average annual rate of +1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-1.8% per year) and the UK (-4.2% per year).

Imports By Type

In 2022, printing machinery; offset, (excluding reel or sheet fed) (1.3M units) represented the main type of printing presses, mixing up 70% of total imports. Printing machinery (219K units) ranks second in terms of the total imports with a 12% share, followed by reel fed offset printing machinery (8.4%). The following types - printing machinery (80K units) and flexographic printing machinery (46K units) - together made up 7% of total imports.

From 2012 to 2022, average annual rates of growth with regard to printing machinery; offset, (excluding reel or sheet fed) imports of stood at +1.1%. At the same time, flexographic printing machinery (+10.1%) and printing machinery (+2.0%) displayed positive paces of growth. Moreover, flexographic printing machinery emerged as the fastest-growing type imported in the world, with a CAGR of +10.1% from 2012-2022. By contrast, printing machinery (-1.7%) and reel fed offset printing machinery (-9.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of printing machinery; offset, (excluding reel or sheet fed) and flexographic printing machinery increased by +12 and +1.7 percentage points, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, the largest types of imported printing presses were printing machinery ($2.3B), printing machinery; offset, (excluding reel or sheet fed) ($1.4B) and flexographic printing machinery ($1.1B), with a combined 89% share of global imports.

Flexographic printing machinery, with a CAGR of +0.4%, saw the highest growth rate of the value of imports, in terms of the main imported products over the period under review, while purchases for the other products experienced a decline in the imports figures.

Import Prices By Type

The average printing press import price stood at $2,912 per unit in 2022, which is down by -1.8% against the previous year. In general, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 57%. Over the period under review, average import prices attained the peak figure at $5,436 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was flexographic printing machinery ($22,956 per unit), while the price for printing machinery ($397 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by reel fed offset printing machinery (-0.6%), while the other products experienced a decline in the import price figures.

Import Prices By Country

The average printing press import price stood at $2,912 per unit in 2022, shrinking by -1.8% against the previous year. Overall, the import price saw a pronounced decline. The growth pace was the most rapid in 2020 when the average import price increased by 57% against the previous year. Global import price peaked at $5,436 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($2,642 per unit), while Myanmar ($81 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Printing Presses

Global printing press exports surged to 3.2M units in 2022, rising by 39% compared with the previous year. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.6% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 77% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, printing press exports stood at $6B in 2022. Overall, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. Over the period under review, the global exports reached the peak figure at $8B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

The UK (894K units) and Singapore (727K units) represented the key exporters of printing presses in 2022, finishing at near 28% and 23% of total exports, respectively. The United States (225K units) ranks next in terms of the total exports with a 7.1% share, followed by China (5.4%) and Israel (4.6%). South Africa (130K units), Australia (122K units), the Netherlands (117K units), Italy (102K units), France (92K units), India (59K units), Japan (54K units) and Malaysia (52K units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of +23.5%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($603M), Japan ($504M) and Italy ($494M) appeared to be the countries with the highest levels of exports in 2022, with a combined 27% share of global exports.

China, with a CAGR of +6.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Printing machinery (1.5M units) and printing machinery; offset, (excluding reel or sheet fed) (1.4M units) dominates exports structure, together committing 92% of total exports. The following types - printing machinery (90K units) and reel fed offset printing machinery (88K units) - each recorded a 5.7% share of total exports.

From 2012 to 2022, the biggest increases were recorded for printing machinery (with a CAGR of +21.5%), while shipments for the other products experienced more modest paces of growth.

In value terms, the largest types of exported printing presses were printing machinery ($2.4B), printing machinery; offset, (excluding reel or sheet fed) ($1.8B) and flexographic printing machinery ($1.2B), together accounting for 90% of global exports. Reel fed offset printing machinery, gravure printing machinery, printing machinery; letterpress, other than reel-fed, excluding flexographic printing, reel fed letterpress printing machinery and printing machinery lagged somewhat behind, together comprising a further 10%.

Printing machinery; letterpress, other than reel-fed, excluding flexographic printing, with a CAGR of +0.6%, recorded the highest rates of growth with regard to the value of exports, among the main exported products over the period under review, while shipments for the other products experienced mixed trends in the exports figures.

Export Prices By Type

In 2022, the average printing press export price amounted to $1,905 per unit, waning by -26.9% against the previous year. Overall, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of 20%. The global export price peaked at $4,202 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was flexographic printing machinery ($26,348 per unit), while the average price for exports of printing machinery ($265 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by reel fed offset printing machinery (+5.0%), while the other products experienced more modest paces of growth.

Export Prices By Country

In 2022, the average printing press export price amounted to $1,905 per unit, shrinking by -26.9% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 20%. The global export price peaked at $4,202 per unit in 2013; however, from 2014 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 ($9,380 per unit), while South Africa ($105 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform