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Hong Kong SAR, China - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights

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Apr 22, 2023

Hong Kong SAR Sees Dramatic Increase in Printing Ink Price to $19.4 per kg

Hong Kong, China Printing Ink Import Price in January 2023

In January 2023, the printing ink price amounted to $19,420 per ton (CIF, Hong Kong, China), increasing by 25% against the previous month. Overall, import price indicated a temperate increase from January 2022 to January 2023: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, printing ink import price increased by +25.0% against December 2022 indices. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 42% month-to-month. As a result, import price attained the peak level of $26,886 per ton. From August 2022 to January 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($51,329 per ton), while the price for Spain ($5,700 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYJan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Import Price of Printing Ink in Hong Kong, China (USD per ton)
Japan31,44021,01824,66936,82851,86843,24462,35441,27139,87737,32147,49233,15651,329
Singapore26,78912,06143,63516,08450,93845,85528,88412,45335,88527,03840,94716,36826,518
Germany19,25513,74916,72614,50618,24112,95516,92711,82412,01913,95421,32719,13519,112
United Kingdom15,56016,39017,73014,52613,02715,31912,44413,04714,26114,58018,06020,06918,359
Taiwan (Chinese)11,73911,20719,12215,39117,80514,91318,20817,39016,34914,74616,89812,40814,368
United States14,16815,67710,04124,89018,04619,00912,55730,18611,93923,66512,61741,18011,172
South Korea9,70416,8677,5624,68745,61225,14520,25210,3307,64614,0495,36319,3559,009
China7,45111,34311,34924,8508,74211,63810,72014,7608,1318,1449,3569,7827,470
Spain3,5872,2373,2782,737N/A2,5333,0993,0982,1581,6213,4114,0185,700
IndiaN/A4,833N/A3,864N/A3,7277,7323,9555,225N/A5,6014,069N/A
Average11,87813,80414,88719,34522,38918,88126,88617,85416,74319,86617,22615,53319,420

Hong Kong, China Printing Ink Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In January 2023, the product with the highest price was color printing ink ($20,697 per ton), while the price for black printing ink stood at $8,207 per ton.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by color printing ink (+4.5%).

Hong Kong, China Printing Ink Imports

In January 2023, printing ink imports into Hong Kong declined dramatically to 316 tons, falling by -27% on the month before. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in June 2022 when imports increased by 60% month-to-month.

In value terms, printing ink imports shrank to $6.1M (IndexBox estimates) in January 2023. Over the period under review, imports showed a noticeable slump. The most prominent rate of growth was recorded in April 2022 with an increase of 42% against the previous month.

Hong Kong, China Printing Ink Imports by Type

In January 2023, color printing ink (284 tons) constituted the largest type of printing ink supplied to Hong Kong, accounting for a 90% share of total imports. Moreover, color printing ink exceeded the figures recorded for the second-largest type, black printing ink (32 tons), ninefold.

From January 2022 to January 2023, the average monthly rate of growth in terms of the volume of import of color printing ink totaled -6.7%.

In value terms, color printing ink ($5.9M) constituted the largest type of printing ink supplied to Hong Kong, comprising 96% of total imports. The second position in the ranking was taken by black printing ink ($265K), with a 4.3% share of total imports.

Hong Kong, China Printing Ink Imports by Country

The United States (64 tons), South Korea (63 tons) and Japan (49 tons) were the main suppliers of printing ink imports to Hong Kong, together comprising 56% of total imports.

From January 2022 to January 2023, the biggest increases were in the United States (with a CAGR of +5.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($2.5M) constituted the largest supplier of printing ink to Hong Kong, comprising 41% of total imports. The second position in the ranking was taken by the United States ($719K), with a 12% share of total imports. It was followed by South Korea, with a 9.3% share.

From January 2022 to January 2023, the average monthly rate of growth in terms of value from Japan totaled +2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+3.8% per month) and South Korea (-5.8% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the printing ink market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20302450 - Black printing inks
  • Prodcom 20302470 - Printing inks (excluding black)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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