Africa: Black Printing Ink Market 2024

Black Printing Ink Market Size in Africa

The African black printing ink market expanded markedly to $X in 2022, growing by 5.5% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Black Printing Ink Production in Africa

In value terms, black printing ink production expanded rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Black Printing Ink Exports

Exports in Africa

In 2022, approx. X tons of black printing ink were exported in Africa; shrinking by -8.2% compared with the previous year's figure. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 20%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports rose to $X in 2022. Overall, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2016 with an increase of 24% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the key exporter of black printing ink in Africa, with the volume of exports reaching X tons, which was near 78% of total exports in 2022. It was distantly followed by Kenya (X tons), making up an 11% share of total exports. The following exporters - Gabon (X tons) and Mauritius (X tons) - each recorded a 6.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to black printing ink exports from South Africa stood at -4.6%. At the same time, Mauritius (+14.7%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of +14.7% from 2012-2022. By contrast, Kenya (-3.8%) and Gabon (-6.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Kenya and Mauritius increased by +17, +3.3 and +2.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest black printing ink supplier in Africa, comprising 87% of total exports. The second position in the ranking was held by Kenya ($X), with a 6.7% share of total exports. It was followed by Mauritius, with a 2.1% share.

In South Africa, black printing ink exports contracted by an average annual rate of -4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kenya (+7.8% per year) and Mauritius (+17.6% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2020 when the export price increased by 30%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Gabon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+12.0%), while the other leaders experienced more modest paces of growth.

Black Printing Ink Imports

Imports in Africa

Black printing ink imports amounted to X tons in 2022, picking up by 1.8% compared with 2021. Overall, imports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2021 when imports increased by 10%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, black printing ink imports expanded remarkably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 28%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Algeria (X tons) represented the largest importers of black printing ink in 2022, resulting at near 26% and 17% of total imports, respectively. Morocco (X tons) ranks next in terms of the total imports with a 7.6% share, followed by Egypt (6.8%), Nigeria (6.3%) and Angola (4.7%). Tunisia (X tons), Ethiopia (X tons), Kenya (X tons), Ghana (X tons), Tanzania (X tons) and Cote d'Ivoire (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +25.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported black printing ink in Africa, comprising 35% of total imports. The second position in the ranking was held by Morocco ($X), with a 7.9% share of total imports. It was followed by Algeria, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Morocco (+1.8% per year) and Algeria (+2.4% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2017 when the import price increased by 27%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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