Asia-Pacific: Ink-Pad Market 2024

Ink-Pad Market Size in Asia-Pacific

The Asia-Pacific ink-pad market reduced modestly to $X in 2022, shrinking by -3.9% against the previous year. Overall, consumption recorded a abrupt decrease. 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-Pacific

In value terms, ink-pad production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 4.7% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ink-Pad Exports

Exports in Asia-Pacific

In 2022, overseas shipments of ink-pads increased by 24% to X units, rising for the third year in a row after two years of decline. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +73.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, ink-pad exports expanded significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) represented the largest exporter of ink-pads, achieving 66% of total exports. Japan (X units) took the second position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together held near 23% share of total exports. The following exporters - Vietnam (X units), India (X units) and Malaysia (X units) - together made up 6.5% 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-Pacific, 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 (+34 p.p.) and India (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-15.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ink-pad supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with a 10% share.

In China, ink-pad exports expanded 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-Pacific amounted to $X per unit, dropping by -9.8% against the previous year. In general, the export price showed a noticeable decrease. The growth pace was the most rapid in 2015 an increase of 15% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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-Pacific

In 2022, supplies from abroad of ink-pads was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, saw a mild downturn. The most prominent rate of growth was recorded 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 remained at a somewhat lower figure.

In value terms, ink-pad imports totaled $X in 2022. Overall, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2018 with an increase of 19%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X units), Japan (X units), South Korea (X units) and Malaysia (X units) represented roughly 60% of total imports in 2022. Bangladesh (X units) took the next position in the ranking, followed by Australia (X units). All these countries together held approx. 12% share of total imports. Vietnam (X units), French Polynesia (X units), Sri Lanka (X units), China (X units), India (X units), Singapore (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ink-pad importing markets in Asia-Pacific were Japan ($X), Malaysia ($X) and Vietnam ($X), together accounting for 44% of total imports. South Korea, Indonesia, Australia, Bangladesh, China, Sri Lanka, India, Singapore, Taiwan (Chinese) and French Polynesia lagged somewhat behind, together accounting for a further 44%.

Bangladesh, with a CAGR of +24.4%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Asia-Pacific stood at $X per unit in 2022, surging by 3.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 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 Vietnam ($X per unit), while French Polynesia (less than $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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