Unit sales increased 12.3% year-on-year and revenue increased 27.8%.
Exports to China fell sharply while imports of finished products grew 12% in the year ending December 2022.
"Local hardware remanufacturing is likely to become ‘Factory or OEM Accredited’ and its benefits marketed in 2023."
Total shipments of cartridges and bottles for inkjet devices reached 72 million units.
The printer ink cartridge market was valued at USD 13.28 billion in 2022.
U.S. purchases of total printing-writing papers increased 13% in November.
2023 may see a wider return to the office, which could help improve print volume recovery.
This also marked the region’s second consecutive quarter of reporting YoY growth in 2022.
China depends on exports just as the rest of the world depends on Chinese imports to maintain their supply chains.
High-end laser devices, in particular MFPs, were behind much of this increase.
Wednesday, February 8, 2023
