India - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia's October 2023 Export of Printing Ink Surges to $14M
India Printing Ink Exports
In October 2023, overseas shipments of printing ink were finally on the rise to reach 3.6K tons after two months of decline. The total export volume increased at an average monthly rate of +1.7% from October 2022 to October 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in November 2022 when exports increased by 26% m-o-m.
In value terms, printing ink exports expanded remarkably to $14M (IndexBox estimates) in October 2023. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when exports increased by 31% m-o-m. As a result, the exports attained the peak of $17M. From December 2022 to October 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Printing Ink in India (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Bangladesh | 1.5 | 1.7 | 1.5 | 1.4 | 1.3 | 1.7 | 1.6 | 1.4 | 1.0 | 1.4 | 1.3 | 1.5 | 1.3 |
| United Arab Emirates | 1.0 | 1.4 | 1.6 | 1.3 | 2.1 | 1.8 | 1.1 | 1.5 | 1.6 | 1.6 | 1.9 | 1.3 | 1.3 |
| Turkey | 0.3 | 0.4 | 0.3 | 0.7 | 0.2 | 0.7 | 0.5 | 0.5 | 1.0 | 0.4 | 0.6 | 0.5 | 1.2 |
| United States | 0.8 | 1.5 | 0.9 | 1.0 | 1.0 | 1.5 | 1.7 | 1.4 | 0.9 | 0.5 | 1.0 | 0.9 | 0.9 |
| Belgium | 1.0 | 0.9 | 1.3 | 1.0 | 1.3 | 1.2 | 1.2 | 1.0 | 1.2 | 0.9 | 1.0 | 0.7 | 0.9 |
| Brazil | 1.0 | 1.5 | 0.7 | 0.8 | 1.2 | 1.2 | 0.4 | 0.6 | 0.9 | 0.9 | 0.8 | 1.2 | 0.8 |
| Nepal | 0.8 | 0.9 | 0.9 | 0.7 | 0.7 | 0.8 | 0.7 | 0.6 | 0.8 | 0.7 | 0.7 | 0.9 | 0.7 |
| Others | 6.0 | 8.3 | 8.6 | 7.5 | 6.6 | 7.2 | 5.9 | 6.5 | 6.5 | 7.2 | 6.7 | 5.7 | 6.7 |
| Total | 12.6 | 16.5 | 15.9 | 14.5 | 14.5 | 16.1 | 13.1 | 13.4 | 13.8 | 13.5 | 13.9 | 12.6 | 13.6 |
Exports by Country
Bangladesh (327 tons), Turkey (280 tons) and Belgium (278 tons) were the main destinations of printing ink exports from India, together accounting for 25% of total exports.
From October 2022 to October 2023, the biggest increases were in Turkey (with a CAGR of +13.9%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for printing ink exported from India were the United Arab Emirates ($1.3M), Bangladesh ($1.3M) and Turkey ($1.2M), together accounting for 27% of total exports.
Turkey, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Color printing ink (2.9K tons) was the largest type of printing ink exported from India, with a 81% share of total exports. Moreover, color printing ink exceeded the volume of the second product type, black printing ink (676 tons), fourfold.
From October 2022 to October 2023, the average monthly rate of growth in terms of the volume of export of color printing ink totaled +1.4%.
In value terms, color printing ink ($11M) remains the largest type of printing ink exported from India, comprising 84% of total exports. The second position in the ranking was taken by black printing ink ($2.1M), with a 16% share of total exports.
From October 2022 to October 2023, the average monthly growth rate of the export volume of color printing ink was relatively modest.
Export Prices by Country
In October 2023, the printing ink price stood at $3,777 per ton (FOB, India), leveling off at the previous month. Overall, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 5.8% m-o-m. The export price peaked at $4,466 per ton in November 2022; however, from December 2022 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($6,112 per ton), while the average price for exports to Ghana ($2,626 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the printing ink market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
