In 2023, the import volume of reel-fed letterpress printers, excluding flexographic types, to China stood at a substantial level. The forecasted data from 2024 to 2028 indicates a continuous decline in import volumes, evidenced by year-on-year percentage reductions. Specifically, from 2024’s projected volume, a downward trend is expected, reducing further each year through to 2028. The compound annual growth rate (CAGR) over this 5-year period highlights an average annual decrease, suggesting a diminishing reliance on imports of such machinery.
Future trends to watch for:
- A shift towards digital printing technologies may further reduce reliance on traditional letterpress printers.
- Environmental policies could impact importer decisions, pushing for more sustainable and efficient technologies.
- Global economic factors and trade policies may influence import volumes and sourcing decisions.