In 2023, Japan imported reel fed letterpress printers except flexographic with a standing volume, which served as a baseline for future projections. Starting from this base, the forecast for 2024 indicates a stable value of 1.73 thousand kilograms. However, a progressive decline is noted over the subsequent years, with forecasts showing 1.52 thousand kilograms in 2025, reducing further to 1.31 in 2026, and continuing this downward trend to 1.11 in 2027, finally reaching 0.90362 thousand kilograms by 2028.
This pattern suggests a consistent year-on-year decrease, reflecting a contracting market. The Compound Annual Growth Rate (CAGR) over this five-year period confirms an average annual decline. This trend indicates a potential decrease in demand, or possibly a market shift towards alternative technologies or printing methods.
Future trends to watch for include:
- Technological advancements in printing that could substitute letterpress demands.
- Trade policies that could affect import tariffs or regulations.
- Changes in domestic production capabilities for such printing technologies.
- Environmental regulations affecting the industry, potentially influencing imports.
