Seal pads should be familiar to everyone as they are essential items in daily work, mainly used for stamping to ensure the authenticity and legality of documents. High-quality seal pads can also be used with special inks or stamping fluids to effectively prevent documents from being tampered with or forged.

       According to the latest market research report, the global seal 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 seal pad market will maintain a stable compound annual growth rate, and by 2029, the global seal pad market size will reach a higher level. The report analyzes the market conditions in North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa, with a focus on the Chinese seal pad market in the Asia-Pacific region.

       According to customs data, from 2018 to 2022, the export value and quantity of China's seal pad industry both showed an upward trend. The export value increased from USD 1.182 million in 2018 to USD 1.812 million in 2022, showing a clear upward trend. However, in 2023 and 2024, exports decreased to USD 1.713 million and USD 1.606 million, respectively, representing a year-on-year decrease of 5.4% and 6.23%. In terms of export quantity, the highest level was reached in 2022 at 42.73 million pieces, which then decreased year by year to 33.26 million pieces in 2024, a decrease of 12.37% compared to the same period in 2023.

       On the import side, both the import value and quantity of seal pads in China have shown a downward trend. The import value was relatively high in 2018 and 2019, at USD 896,300 and USD 904,900, respectively. In 2023 and 2024, the import value decreased to USD 705,600 and USD 609,200, respectively. In terms of import quantity, the highest level was reached in 2018 at 4.37 million pieces, which then decreased year by year to 1.49 million pieces in 2024. The decline in imports may be influenced by changes in domestic market demand and international trade policies.

       The global seal pad market has a relatively high concentration, while the concentration in the Chinese market is comparatively lower. Major companies maintain their competitive edge through technological innovation and market expansion. With the global economic recovery and the advancement of urbanization, the market share in the Asian region is expected to increase, while the market share in Europe and America will remain relatively stable or experience a slight decline.

       According to data, from January to November 2024, China's seal pad exports were mainly concentrated in Asia and North America, with the United States, Japan, Singapore, and Malaysia being the primary destinations. On the import side, the main sources were Austria, Japan, Taiwan of China, Romania, and Mexico.

       Chinese seal pads have performed well in exports but have seen a decline in imports. Major companies hold significant shares in the global market, but the market concentration in China is relatively low. Meanwhile, policy changes and trade frictions have had some impact on the seal pad industry. Companies need to enhance their independent innovation capabilities and strengthen market competitiveness. In the future, with the global economic recovery and urbanization, the market share in the Asian region is expected to rise. Seal pad companies will need to continuously improve the added value and market competitiveness of their products through product innovation and market expansion.

       GuoMaoTong, as China's first data company, can provide customs data on imports and exports for over 80 countries from 2010 to the present. It is capable of conducting precise online analysis of the distribution of import and export markets, as well as detailed transaction situations of import and export companies, including specific quantity and price analysis, supply cycles, etc. This provides reliable data support for major foreign trade companies and industry consulting firms.

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