ASEAN: Black Printing Ink Market 2024

Black Printing Ink Market Size in ASEAN

In 2022, the ASEAN black printing ink market increased by 1.2% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption, however, saw a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Black Printing Ink Production in ASEAN

In value terms, black printing ink production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 6.9%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Black Printing Ink Exports

Exports in ASEAN

In 2022, after three years of growth, there was significant decline in overseas shipments of black printing ink, when their volume decreased by -22.6% to X tons. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.3% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53%. As a result, the exports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, black printing ink exports dropped sharply to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

In 2022, Singapore (X tons) represented the largest exporter of black printing ink, constituting 55% of total exports. It was distantly followed by the Philippines (X tons), Malaysia (X tons) and Indonesia (X tons), together mixing up a 38% share of total exports. The following exporters - Vietnam (X tons) and Thailand (X tons) - each recorded a 7.6% share of total exports.

Exports from Singapore increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, the Philippines (+41.8%), Vietnam (+18.6%), Indonesia (+10.2%) and Malaysia (+7.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +41.8% from 2012-2022. By contrast, Thailand (-11.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Vietnam and Indonesia increased by +24, +2.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest black printing ink supplier in ASEAN, comprising 70% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 18% share of total exports. It was followed by Malaysia, with a 4.5% share.

In Singapore, black printing ink exports expanded at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (+32.1% per year) and Malaysia (+3.4% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, falling by -4.6% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by 18% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.1%), while the other leaders experienced a decline in the export price figures.

Black Printing Ink Imports

Imports in ASEAN

In 2022, black printing ink imports in ASEAN contracted modestly to X tons, flattening at 2021 figures. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 23%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, black printing ink imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 19%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the six major importers of black printing ink, namely Singapore, Malaysia, the Philippines, Indonesia, Thailand and Vietnam, represented more than two-thirds of total import. Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together comprising 60% of total imports. Indonesia, Thailand, Vietnam and Myanmar lagged somewhat behind, together accounting for a further 40%.

Among the main importing countries, Vietnam, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, shrinking by -5.1% against the previous year. In general, the import price saw a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 7.9% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform