Newspaper Advertising - ASEAN

  • ASEAN
  • Ad spending in the Newspaper Advertising market in ASEAN is forecasted to reach US$1.81bn in 2024.
  • The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of -6.26%, leading to a projected market volume of US$1.31bn by 2029.
  • With a projected market volume of US$5,024.00m in 2024, the majority of revenue will be generated the United States.
  • In the Newspaper Advertising market in ASEAN, the number of readers is expected to reach 94.02m users by 2029.
  • The average ad spending per reader in the Newspaper Advertising market is projected to be US$17.12 in 2024.
  • In ASEAN, Newspaper Advertising is seeing a shift towards digital platforms to reach wider audiences and enhance engagement levels.

Key regions: Asia, China, India, United States, France

 
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Analyst Opinion

The Newspaper Advertising market in ASEAN is experiencing significant growth and development, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences:
In ASEAN, there is still a strong demand for print newspapers among a significant portion of the population. Many people enjoy the tactile experience of reading a physical newspaper and find value in the comprehensive coverage and in-depth analysis that newspapers offer. Additionally, newspaper advertising provides a trusted and credible platform for businesses to reach their target audience.

Trends in the market:
One of the key trends in the Newspaper Advertising market in ASEAN is the shift towards digital platforms. As internet penetration and smartphone adoption continue to rise in the region, more people are accessing news and information online. This has led to a decline in print newspaper circulation and a corresponding increase in digital newspaper readership. As a result, advertisers are increasingly allocating their budgets towards digital newspaper advertising to reach the growing online audience. Another trend in the market is the rise of native advertising. Native advertising seamlessly integrates promotional content within the newspaper's editorial content, making it less intrusive and more engaging for readers. This form of advertising is gaining popularity among advertisers as it allows them to effectively communicate their brand message while maintaining the trust and credibility of the newspaper.

Local special circumstances:
Each country in ASEAN has its own unique set of circumstances that impact the Newspaper Advertising market. For example, in countries like Indonesia and the Philippines, where internet penetration is still relatively low, print newspapers remain a dominant source of news and information. Advertisers in these countries continue to invest in print newspaper advertising to reach their target audience effectively. On the other hand, in countries like Singapore and Malaysia, where internet penetration is high, digital newspaper advertising is more prevalent. Advertisers in these countries are leveraging the reach and targeting capabilities of digital platforms to deliver their message to the right audience at the right time.

Underlying macroeconomic factors:
The overall economic growth and stability in ASEAN countries are also contributing to the development of the Newspaper Advertising market. As economies grow, disposable incomes increase, leading to higher consumer spending. This, in turn, attracts more advertisers to invest in newspaper advertising to capture the attention and purchasing power of the growing middle class. Furthermore, the presence of multinational companies and foreign investors in ASEAN countries has also fueled the demand for newspaper advertising. These companies often rely on newspapers to reach their target audience and build brand awareness in the local market. In conclusion, the Newspaper Advertising market in ASEAN is experiencing growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. While digital platforms are gaining traction, print newspapers continue to hold value for a significant portion of the population. Advertisers are adapting to these changes by investing in digital newspaper advertising and leveraging native advertising techniques. The overall economic growth and stability in ASEAN countries, along with the presence of multinational companies, further contribute to the demand for newspaper advertising in the region.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on newspaper advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in printed newspapers.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Consumer Insights) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.

Overview

  • Ad Spending
  • Key Players
  • Analyst Opinion
  • Reach
  • Global Comparison
  • Methodology
  • Key Market Indicators
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