China Seal Plate (HS: 961220) 2024 latest export analysis
“According to customs data, the export value and quantity of China's printing and printing industry showed an upward trend from 2018 to 2022, with the value increasing from US$11.82 million in 2018 to US$18.12 million in 2022, showing a clear growth trend.”
Everyone should be familiar with the ink pad. It is a must-have in daily work. It is mainly used for stamping to ensure the authenticity and legality of documents. High-quality ink pads can also be used with special inks or inks to effectively prevent documents from being tampered with or forged.
According to the latest market research report, the global ink pad market revenue reached a certain scale in 2023 (the specific amount is not given). It is expected that during the forecast period (2024-2029), the global ink pad market will maintain a steady annual compound growth rate, and the global ink pad market size will reach a higher level by 2029. The report analyzes the market conditions in North America, Asia Pacific, Europe, Latin America, the Middle East and Africa. The analysis of the Asia-Pacific region focuses on the ink pad market in China.
According to customs data, the export amount and quantity of China's ink pad industry showed an upward trend from 2018 to 2022. The amount increased from US$11.82 million in 2018 to US$18.12 million in 2022, showing a clear growth trend. Exports fell in 2023 and 2024, falling to US$17.13 million and US$16.06 million, respectively, down 5.4% and 6.23% year-on-year. In terms of export volume, it reached a peak of 42.73 million pieces in 2022, and then declined year by year, falling to 33.26 million pieces in 2024, a decrease of 12.37% compared with the same period in 2023.
In terms of imports, China's import value and quantity showed a downward trend. The import value in 2018 and 2019 was relatively high, at US$896,300 and US$904,900, respectively. The import value in 2023 and 2024 fell to US$705,600 and US$609,200, respectively. In terms of import volume, the highest import volume was 4.37 million pieces in 2018, and then declined year by year, falling to 1.49 million pieces in 2024. The decline in imports may be affected by changes in domestic market demand and international trade policies.
The global printing and printing market has a high degree of concentration, but the concentration of the Chinese market is relatively low. Major companies maintain their competitive advantages through technological innovation and market expansion. With the recovery of the global economy and the advancement of urbanization, the market share in Asia will increase, while the market share in Europe and the United States will remain relatively stable or slightly decline.
According to data, from January to November 2024, China's printing and printing export market is mainly concentrated in Asia and North America, mainly in the United States, Japan, Singapore, and Malaysia. In terms of imports, Austria, Japan, Taiwan, Romania, and Mexico are the main ones.
China's printing and printing performed well in exports, but imports declined. Major companies occupy an important share in the global market, but the concentration of the Chinese market is relatively low. At the same time, policy changes and trade frictions have had a certain impact on the printing and printing industry. Companies need to improve their independent innovation capabilities and enhance their market competitiveness. In the future, with the recovery of the global economy and the advancement of urbanization, the market share in Asia will increase, and printing and printing companies need to continuously improve the added value and market competitiveness of their products through product innovation and market expansion.
As China's first data company, BTD can provide import and export customs data of more than 80 countries from 2010 to date. It can accurately analyze the distribution of import and export markets online, as well as detailed transaction conditions of import and export enterprises, specific quantity and price analysis, supply cycle, etc. It provides reliable and reliable data for major foreign trade enterprises and industry consulting companies.
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