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.