Asia: Color Printing Ink Market 2024

Color Printing Ink Market Size in Asia

The Asian color printing ink market shrank modestly to $X in 2022, remaining constant against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Color Printing Ink Production in Asia

In value terms, color printing ink production fell to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Color Printing Ink Exports

Exports in Asia

Color printing ink exports was estimated at X tons in 2022, picking up by 3.3% compared with 2021. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, color printing ink exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the six major exporters of color printing ink, namely India, China, Japan, South Korea, Turkey and Israel, represented more than two-thirds of total export. Taiwan (Chinese) (X tons) took a 5.4% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (4.5%).

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +16.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest color printing ink supplier in Asia, comprising 27% of total exports. The second position in the ranking was taken by Singapore ($X), with a 9.6% share of total exports. It was followed by Israel, with a 9.5% share.

In Japan, color printing ink exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (+0.6% per year) and Israel (+17.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by 2.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 5.7% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the other leaders experienced more modest paces of growth.

Color Printing Ink Imports

Imports in Asia

In 2022, the amount of color printing ink imported in Asia fell slightly to X tons, almost unchanged from the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 4.1% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports dropped to $X in 2022. Over the period under review, imports, however, recorded mild growth. The growth pace was the most rapid in 2017 when imports increased by 12% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons), Turkey (X tons), Bangladesh (X tons), Indonesia (X tons), India (X tons), the United Arab Emirates (X tons), Thailand (X tons), Malaysia (X tons), China (X tons), Saudi Arabia (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) represented the largest importer of color printing ink in Asia, making up 71% of total import. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of +8.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink importing markets in Asia were China ($X), Saudi Arabia ($X) and Thailand ($X), together comprising 28% of total imports.

Saudi Arabia, with a CAGR of +14.3%, saw the highest growth rate of the value of imports, among the main importing countries 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 Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 when the import price increased by 7.6% against the previous year. The level of import peaked at $X per ton in 2021, and then declined modestly in the following year.

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

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

Source: IndexBox Platform