Asia-Pacific: Black Printing Ink Market 2024

Black Printing Ink Market Size in Asia-Pacific

The Asia-Pacific black printing ink market totaled $X in 2022, remaining stable against the previous year. Over the period under review, consumption recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the market value increased by 3.2%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Black Printing Ink Production in Asia-Pacific

In value terms, black printing ink production amounted to $X in 2022 estimated in export price. In general, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 3.1%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Black Printing Ink Exports

Exports in Asia-Pacific

In 2022, approx. X tons of black printing ink were exported in Asia-Pacific; reducing by -7.8% against 2021. Over the period under review, exports saw a slight decrease. The growth pace was the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, black printing ink exports declined to $X in 2022. In general, exports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), India (X tons), Singapore (X tons) and South Korea (X tons) represented roughly 74% of total exports in 2022. China (X tons) ranks next in terms of the total exports with a 7.4% share, followed by the Philippines (6.2%) and Australia (4.7%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of +41.8%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest black printing ink supplier in Asia-Pacific, comprising 44% of total exports. The second position in the ranking was taken by Singapore ($X), with a 21% share of total exports. It was followed by India, with an 8.2% share.

In Japan, black printing ink exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (+3.3% per year) and India (-3.9% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, reducing by -3.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

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 (+1.2%), while the other leaders experienced more modest paces of growth.

Black Printing Ink Imports

Imports in Asia-Pacific

In 2022, the amount of black printing ink imported in Asia-Pacific declined slightly to X tons, shrinking by -4.2% on the previous year. Over the period under review, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports contracted to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 12%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of black printing ink, namely Singapore, Malaysia, the Philippines, Australia, India, Indonesia, Thailand, Vietnam, China, Japan, Taiwan (Chinese) and Bangladesh, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +8.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest black printing ink importing markets in Asia-Pacific were Australia ($X), China ($X) and Singapore ($X), with a combined 36% share of total imports. India, the Philippines, Malaysia, Indonesia, Thailand, Japan, Vietnam, Taiwan (Chinese) and Bangladesh lagged somewhat behind, together accounting for a further 55%.

In terms of the main importing countries, Vietnam, with a CAGR of +12.0%, 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-Pacific stood at $X per ton in 2022, falling by -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2016 an increase of 10%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

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 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 Australia (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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