Australia and Oceania: Black Printing Ink Market 2024

Black Printing Ink Market Size in Australia and Oceania

The black printing ink market in Australia and Oceania contracted dramatically to $X in 2022, which is down by -32.5% against the previous year. Overall, consumption, however, posted a noticeable increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Black Printing Ink Production in Australia and Oceania

In value terms, black printing ink production amounted to $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16,860,706% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Black Printing Ink Exports

Exports in Australia and Oceania

After two years of decline, overseas shipments of black printing ink increased by 8.9% to X tons in 2022. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 84% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports declined dramatically to $X in 2022. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was approx. 96% of total exports in 2022. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the black printing ink exports, with a CAGR of -9.0% from 2012 to 2022. New Zealand (-16.7%) illustrated a downward trend over the same period. Australia (+5 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -5% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest black printing ink supplier in Australia and Oceania, comprising 82% of total exports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -8.3%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with a decrease of -27.5% against the previous year. Over the period under review, the export price recorded a pronounced descent. The pace of growth was the most pronounced in 2017 when the export price increased by 89%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.8%).

Black Printing Ink Imports

Imports in Australia and Oceania

In 2022, black printing ink imports in Australia and Oceania shrank remarkably to X tons, which is down by -20.5% against 2021 figures. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 22%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, black printing ink imports dropped notably to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 29%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the main importing country with an import of around X tons, which amounted to 80% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 16% share of total imports. Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to black printing ink imports into Australia stood at -8.4%. Papua New Guinea (-6.7%) and New Zealand (-8.3%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported black printing ink in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total imports.

In Australia, black printing ink imports expanded at an average annual rate of +2.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-5.2% per year) and Papua New Guinea (-0.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by 5.4% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 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 Papua New Guinea ($X per ton), while New Zealand ($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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