Asia-Pacific: Ink Market 2024

Ink Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific ink market decreased by -2.2% to $X in 2021. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Ink Production in Asia-Pacific

In value terms, ink production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped slightly in the following year.

Ink Exports

Exports in Asia-Pacific

In 2021, approx. X tons of inks (excluding printing ink) were exported in Asia-Pacific; with an increase of 15% on the year before. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. 56% of total exports in 2021. It was distantly followed by Japan (X tons), Singapore (X tons), South Korea (X tons), Hong Kong SAR (X tons) and the Philippines (X tons), together comprising a 30% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to ink exports from China stood at +5.7%. At the same time, the Philippines (+26.5%), South Korea (+6.3%) and Japan (+2.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +26.5% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Singapore (-1.3%) and Malaysia (-11.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, the Philippines and South Korea increased by +16, +4 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ink supplying countries in Asia-Pacific were China ($X), Singapore ($X) and Japan ($X), together accounting for 66% of total exports. These countries were followed by Malaysia, Hong Kong SAR, South Korea and the Philippines, which together accounted for a further 27%.

The Philippines, with a CAGR of +22.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 8.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, 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 Singapore ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.9%), while the other leaders experienced more modest paces of growth.

Ink Imports

Imports in Asia-Pacific

In 2021, the amount of inks (excluding printing ink) imported in Asia-Pacific surged to X tons, jumping by 21% against the previous year. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.6% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink imports soared to $X in 2021. Total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by Singapore (X tons), Vietnam (X tons), Indonesia (X tons), Thailand (X tons) and India (X tons) represented the key importers of inks (excluding printing ink), together committing 81% of total imports. The Philippines (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +16.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ink importing markets in Asia-Pacific were China ($X), Singapore ($X) and Indonesia ($X), together accounting for 61% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +24.8%, saw the highest growth rate of 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 2021, the import price in Asia-Pacific amounted to $X per ton, rising by 6.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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