Asia: Printing Ink Market 2024

Printing Ink Market Size in Asia

In 2022, after four years of growth, there was decline in the Asian printing ink market, when its value decreased by -1% to $X. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the market value increased by 7.8% against the previous year. The level of consumption peaked at $X in 2021, and then shrank modestly in the following year.

Printing Ink Production in Asia

In value terms, printing ink production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9.5%. The level of production peaked at $X in 2021, and then shrank modestly in the following year.

Printing Ink Exports

Exports in Asia

Printing ink exports stood at X tons in 2022, remaining stable against the previous year's figure. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, printing ink exports rose to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, India (X tons), Japan (X tons), China (X tons), South Korea (X tons), Turkey (X tons), Israel (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Malaysia (X tons), the Philippines (X tons) and Thailand (X tons) was the key exporter of printing ink in Asia, generating 95% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Israel (with a CAGR of +16.8%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest printing ink supplier in Asia, comprising 30% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports. It was followed by India, with a 9.1% share.

In Japan, printing ink exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+1.5% per year) and India (+5.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by 1.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 5.7% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 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 (+2.6%), while the other leaders experienced more modest paces of growth.

Printing Ink Imports

Imports in Asia

In 2022, purchases abroad of printing ink increased by 0.1% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 5% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, printing ink imports declined to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 10% 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

The purchases of the twelve major importers of printing ink, namely Vietnam, Turkey, Bangladesh, Indonesia, India, Malaysia, Singapore, Thailand, the United Arab Emirates, China, the Philippines and Taiwan (Chinese), represented more than two-thirds of total import. Saudi Arabia (X tons) held a little share of total imports.

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 +8.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printing ink importing markets in Asia were China ($X), India ($X) and Thailand ($X), together comprising 27% of total imports. Turkey, Saudi Arabia, Indonesia, Malaysia, Vietnam, Singapore, the Philippines, Taiwan (Chinese), the United Arab Emirates and Bangladesh lagged somewhat behind, together comprising a further 51%.

Saudi Arabia, with a CAGR of +13.0%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2022, reducing by -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 an increase of 7.9%. The level of import peaked at $X per ton in 2021, and then reduced modestly 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 Saudi Arabia (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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