Photo-Copying Apparatus Market

The article provides detailed insights into the global photo-copying apparatus market, highlighting the expected downward consumption trend with forecasted CAGR, market volume, and value for the period from 2022 to 2030. It also covers the consumption patterns, production, imports, and exports, along with the key countries involved in the market. The analysis includes information on consumption per capita, production volume, import and export values, as well as pricing trends over the years.

Market Forecast

The photo-copying apparatus market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -2.6% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 23M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -0.1% for the period from 2022 to 2030, which is projected to bring the market value to $3.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Photo-Copying Apparatus

In 2022, global photo-copying apparatus consumption skyrocketed to 28M units, picking up by 74% on the previous year's figure. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +86.7% against 2018 indices. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The global photo-copying apparatus market revenue soared to $3.6B in 2022, jumping by 73% 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). In general, consumption, however, recorded a mild contraction. Over the period under review, the global market attained the peak level at $4.1B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The country with the largest volume of photo-copying apparatus consumption was the Philippines (12M units), accounting for 43% of total volume. Moreover, photo-copying apparatus consumption in the Philippines exceeded the figures recorded by the second-largest consumer, Malaysia (3.2M units), fourfold. The United States (2.8M units) ranked third in terms of total consumption with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the Philippines stood at +116.4%. In the other countries, the average annual rates were as follows: Malaysia (+1.4% per year) and the United States (+2.6% per year).

In value terms, the Philippines ($1.3B) led the market, alone. The second position in the ranking was held by Malaysia ($329M). It was followed by Thailand.

In the Philippines, the photo-copying apparatus market expanded at an average annual rate of +172.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Malaysia (-4.5% per year) and Thailand (-10.8% per year).

In 2022, the highest levels of photo-copying apparatus per capita consumption was registered in Singapore (286 units per million persons), followed by the Philippines (106 units per million persons), Malaysia (95 units per million persons) and Canada (13 units per million persons), while the world average per capita consumption of photo-copying apparatus was estimated at 3.5 units per million persons.

From 2012 to 2022, the average annual rate of growth in terms of the photo-copying apparatus per capita consumption in Singapore totaled -12.4%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Philippines (+113.3% per year) and Malaysia (+0.1% per year).

Production

World Production of Photo-Copying Apparatus

In 2022, the amount of photo-copying apparatus produced worldwide rose markedly to 18M units, picking up by 5.5% on the previous year. The total output volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 14%. As a result, production reached the peak volume of 18M units. From 2021 to 2022, global production growth remained at a somewhat lower figure.

In value terms, photo-copying apparatus production amounted to $2.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $2.5B. From 2021 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (5.3M units), the Philippines (3.4M units) and Malaysia (3.3M units), with a combined 68% share of global production.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +90.9%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Photo-Copying Apparatus

In 2022, supplies from abroad of photo-copying apparatus increased by 70% to 23M units, rising for the second consecutive year after two years of decline. Overall, imports recorded pronounced growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, photo-copying apparatus imports soared to $1.4B in 2022. Over the period under review, imports, however, recorded a noticeable downturn. Global imports peaked at $2B in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the Philippines (9.6M units) was the main importer of photo-copying apparatus, comprising 43% of total imports. It was distantly followed by the United States (2.9M units), generating a 13% share of total imports. The following importers - Poland (935K units), the UK (734K units), Germany (710K units), the United Arab Emirates (700K units), France (597K units), Singapore (532K units), Canada (525K units), India (468K units), Malaysia (410K units), South Korea (405K units) and the Netherlands (385K units) - together made up 28% of total imports.

The Philippines was also the fastest-growing in terms of the photo-copying apparatus imports, with a CAGR of +195.9% from 2012 to 2022. At the same time, Poland (+30.3%), the United Arab Emirates (+21.9%), South Korea (+18.7%), Malaysia (+15.8%), India (+15.2%), France (+10.3%), Canada (+9.8%), Germany (+6.1%) and the United States (+2.2%) displayed positive paces of growth. The Netherlands and the UK experienced a relatively flat trend pattern. By contrast, Singapore (-22.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Poland and the United Arab Emirates increased by +43, +3.7 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest photo-copying apparatus importing markets worldwide were the United Arab Emirates ($183M), the United States ($148M) and India ($96M), together accounting for 30% of global imports.

The United Arab Emirates, with a CAGR of +21.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average photo-copying apparatus import price amounted to $64 per unit, reducing by -29.2% against the previous year. Overall, the import price recorded a deep reduction. The growth pace was the most rapid in 2013 an increase of 6.3% against the previous year. Over the period under review, average import prices attained the peak figure at $136 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($261 per unit), while the Philippines ($2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Photo-Copying Apparatus

After five years of growth, overseas shipments of photo-copying apparatus decreased by -11.6% to 13M units in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. The global exports peaked at 14M units in 2021, and then shrank in the following year.

In value terms, photo-copying apparatus exports totaled $1.6B in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, the global exports hit record highs at $1.7B in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (4M units) was the major exporter of photo-copying apparatus, committing 32% of total exports. The Philippines (1,109K units) took the second position in the ranking, followed by Singapore (1,108K units), Thailand (1,048K units), Bulgaria (1,027K units), Poland (952K units), the United Arab Emirates (660K units) and Malaysia (573K units). All these countries together held approx. 52% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to photo-copying apparatus exports from China stood at +15.1%. At the same time, Bulgaria (+102.0%), Poland (+44.8%), the United Arab Emirates (+39.6%), Thailand (+35.6%) and the Philippines (+24.1%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the world, with a CAGR of +102.0% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (-10.7%) illustrated a downward trend over the same period. China (+18 p.p.), the Philippines (+8.9 p.p.), Bulgaria (+8.2 p.p.), Thailand (+7.7 p.p.), Poland (+7.3 p.p.) and the United Arab Emirates (+4.9 p.p.) significantly strengthened its position in terms of the global exports, while Malaysia and Singapore saw its share reduced by -3.9% and -39.9% from 2012 to 2022, respectively.

In value terms, China ($312M), Thailand ($255M) and the United Arab Emirates ($160M) appeared to be the countries with the highest levels of exports in 2022, with a combined 44% share of global exports. The Philippines, Singapore, Malaysia, Poland and Bulgaria lagged somewhat behind, together comprising a further 20%.

Among the main exporting countries, Bulgaria, with a CAGR of +46.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average photo-copying apparatus export price stood at $131 per unit in 2022, jumping by 21% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. Over the period under review, the average export prices attained the peak figure at $199 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($244 per unit), while Bulgaria ($21 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.0%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform