Asia: Ink-Pad Market 2024

Ink-Pad Market Size in Asia

The Asian ink-pad market reduced slightly to $X in 2022, with a decrease of -3.7% against the previous year. Over the period under review, consumption recorded a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ink-Pad Production in Asia

In value terms, ink-pad production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2015 when the production volume increased by 4.7% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ink-Pad Exports

Exports in Asia

In 2022, shipments abroad of ink-pads increased by 25% to X units, rising for the second consecutive year after three years of decline. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +84.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, ink-pad exports expanded significantly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China was the main exporter of ink-pads in Asia, with the volume of exports reaching X units, which was near 66% of total exports in 2022. Japan (X units) held the second position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together took approx. 23% share of total exports. Vietnam (X units), India (X units) and Malaysia (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ink-pad exports from China stood at +10.9%. At the same time, India (+19.2%) and Japan (+3.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +19.2% from 2012-2022. By contrast, Vietnam (-1.1%), Malaysia (-1.5%) and Taiwan (Chinese) (-5.6%) illustrated a downward trend over the same period. While the share of China (+31 p.p.) and India (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (-1.6 p.p.) and Taiwan (Chinese) (-17.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ink-pad supplier in Asia, comprising 65% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with a 9.9% share.

In China, ink-pad exports increased at an average annual rate of +4.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-3.8% per year) and Taiwan (Chinese) (-7.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, falling by -10.2% against the previous year. Over the period under review, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2015 an increase of 13%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

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 Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.2%), while the other leaders experienced a decline in the export price figures.

Ink-Pad Imports

Imports in Asia

In 2022, supplies from abroad of ink-pads was finally on the rise to reach X units after three years of decline. In general, imports, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 31% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, ink-pad imports expanded notably to $X in 2022. Over the period under review, imports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of 15% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X units), Japan (X units), South Korea (X units) and Malaysia (X units) represented roughly 54% of total imports in 2022. Bangladesh (X units) held the next position in the ranking, followed by the United Arab Emirates (X units). All these countries together took approx. 11% share of total imports. The following importers - Vietnam (X units), Iran (X units), Sri Lanka (X units), China (X units), India (X units), Turkey (X units) and Yemen (X units) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Yemen (with a CAGR of +35.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ink-pad importing markets in Asia were Japan ($X), Malaysia ($X) and Vietnam ($X), together comprising 42% of total imports. South Korea, Indonesia, Bangladesh, China, the United Arab Emirates, Sri Lanka, India, Turkey, Iran and Yemen lagged somewhat behind, together accounting for a further 40%.

Among the main importing countries, Bangladesh, with a CAGR of +24.4%, recorded 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

The import price in Asia stood at $X per unit in 2022, surging by 5.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 33%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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