Singapore Wide-Format Print Demand 2024
This semi-annual brief on wide-format print demand discusses developments pertinent to our assessment of near-term printing prospects.
Wide-Format Print Demand
International Demand
- Print activity gathered momentum at the turn of the year after several quarters of below-trend growth.
- Businesses saw a discernable step-up in printing activity while elevated interest rates weighed down some advanced economies.
- The Fed plans to cut interest rates from 17/18 September, and print should see a pick up in Q4 2024.
Singapore Demand
- Print demand continued to grow at a modest sequential rate in Q2 2024.
- The macroeconomic backdrop should support growth over the second half.
- Against the expected cyclical upturn in H2, production capacity remains fully booked in 2024.
Ink Price Inflation
- Ink prices continued to moderate in Q2, declining across most print services due to moderating business cost pressures.
- Barring renewed shocks, inflation is projected to continue easing.
- For 2024, inflation is expected to average around 3% and fall to around 2% in 2025.
Thank you,
Sam Leong MSc MBA (USA)
Director, SAM★INK®, Inkjet Systems Pte Ltd.
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