Book Folding Machine Market

The global market for book folding machines is projected to increase in both volume and value over the next eight years, with a forecasted CAGR of +8.0%. Consumption, production, imports, and exports have shown fluctuations, with China leading in production and the United States leading in imports. Germany and Thailand are the top exporters in terms of value. The market has experienced growth in the Philippines and Taiwan (Chinese) in terms of volume and value.

Market Forecast

Driven by rising demand for book folding machine worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +8.0% for the period from 2022 to 2030, which is projected to bring the market volume to 982K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.4% for the period from 2022 to 2030, which is projected to bring the market value to $1.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Folding Machines For Books

In 2022, approx. 531K units of folding machines for books were consumed worldwide; falling by -23.1% on 2021 figures. Over the period under review, consumption showed a noticeable downturn. As a result, consumption attained the peak volume of 1.2M units. From 2018 to 2022, the growth of the global consumption failed to regain momentum.

The global book folding machine market value dropped slightly to $971M in 2022, falling by -3.5% 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 showed a relatively flat trend pattern. As a result, consumption attained the peak level of $2.7B. From 2018 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Taiwan (Chinese) (66K units), Chile (64K units) and Canada (54K units), together comprising 35% of global consumption. The United States, Argentina, India, China, Brazil, Tunisia, Singapore, the UK, the Philippines and Germany lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +33.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($182M), India ($116M) and the United States ($111M) were the countries with the highest levels of market value in 2022, with a combined 42% share of the global market.

Taiwan (Chinese), with a CAGR of +33.6%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of book folding machine per capita consumption in 2022 were Chile (3,327 units per million persons), Taiwan (Chinese) (2,790 units per million persons) and Singapore (2,432 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Taiwan (Chinese) (with a CAGR of +33.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Folding Machines For Books

For the third year in a row, the global market recorded growth in production of folding machines for books, which increased by 36% to 940K units in 2022. In general, the total production indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +60.1% against 2019 indices. As a result, production attained the peak volume and is likely to continue growth in the immediate term.

In value terms, book folding machine production rose rapidly to $855M in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value 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, production decreased by -9.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, production attained the peak level of $940M. From 2021 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of book folding machine production was China (467K units), comprising approx. 50% of total volume. Moreover, book folding machine production in China exceeded the figures recorded by the second-largest producer, Thailand (188K units), twofold. The third position in this ranking was held by Australia (113K units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+601.7% per year) and Australia (+36.2% per year).

Imports

World Imports of Folding Machines For Books

In 2022, approx. 427K units of folding machines for books were imported worldwide; picking up by 2.8% on the previous year's figure. Over the period under review, imports, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 15% against the previous year. As a result, imports attained the peak of 725K units. From 2018 to 2022, the growth of global imports failed to regain momentum.

In value terms, book folding machine imports shrank to $588M in 2022. In general, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 14% against the previous year. Over the period under review, global imports attained the maximum at $979M in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Chile (64K units), Canada (56K units) and the United States (46K units) represented the largest importer of folding machines for books in the world, achieving 39% of total import. It was distantly followed by India (28K units) and Argentina (27K units), together mixing up a 13% share of total imports. Brazil (16K units), Tunisia (15K units), the UK (11K units), the Philippines (9.6K units), South Africa (9.3K units), Australia (8.8K units) and Mexico (7.2K units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +33.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($139M) constitutes the largest market for imported folding machines for books worldwide, comprising 24% of global imports. The second position in the ranking was held by the UK ($21M), with a 3.6% share of global imports. It was followed by Canada, with a 2.9% share.

In the United States, book folding machine imports expanded at an average annual rate of +4.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-9.2% per year) and Canada (+1.9% per year).

Import Prices By Country

In 2022, the average book folding machine import price amounted to $1,378 per unit, shrinking by -15.4% against the previous year. Overall, the import price continues to indicate a noticeable setback. The growth pace was the most rapid in 2020 when the average import price increased by 44%. Over the period under review, average import prices reached the maximum at $1,733 per unit in 2012; however, from 2013 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 the United States ($3,052 per unit), while Chile ($14 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Folding Machines For Books

In 2022, overseas shipments of folding machines for books increased by 102% to 836K units, rising for the fourth year in a row after three years of decline. Overall, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, book folding machine exports amounted to $626M in 2022. In general, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The global exports peaked at $1B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (450K units) represented the key exporter of folding machines for books, constituting 54% of total exports. Thailand (188K units) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Australia (14%). The following exporters - Germany (17K units) and Taiwan (Chinese) (13K units) - each reached a 3.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to book folding machine exports from China stood at +11.8%. At the same time, Thailand (+138.9%) and Australia (+22.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +138.9% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-16.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Australia and China increased by +22, +9.1 and +4.6 percentage points, respectively.

In value terms, Germany ($159M) remains the largest book folding machine supplier worldwide, comprising 25% of global exports. The second position in the ranking was held by Thailand ($66M), with an 11% share of global exports. It was followed by China, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled -6.6%. In the other countries, the average annual rates were as follows: Thailand (+69.1% per year) and China (+4.4% per year).

Export Prices By Country

The average book folding machine export price stood at $749 per unit in 2022, declining by -50.3% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 41%. Over the period under review, the average export prices reached the maximum at $4,778 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 Germany ($9,558 per unit), while Australia ($68 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.1%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform