Australia and Oceania: Color Printing Ink Market 2024

Color Printing Ink Market Size in Australia and Oceania

The color printing ink market in Australia and Oceania fell to $X in 2022, approximately equating the previous year. Overall, consumption saw a slight decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Color Printing Ink Production in Australia and Oceania

In value terms, color printing ink production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Color Printing Ink Exports

Exports in Australia and Oceania

Color printing ink exports plummeted to X tons in 2022, declining by -30.5% on 2021 figures. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 13%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, color printing ink exports contracted remarkably to $X in 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 3.7% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia represented the major exporter of color printing ink in Australia and Oceania, with the volume of exports reaching X tons, which was near 88% of total exports in 2022. It was distantly followed by New Zealand (X tons), generating a 12% share of total exports.

Australia was also the fastest-growing in terms of the color printing ink exports, with a CAGR of -14.9% from 2012 to 2022. New Zealand (-19.7%) illustrated a downward trend over the same period. Australia (+7.5 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -7.4% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest color printing ink supplier in Australia and Oceania, comprising 80% of total exports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total exports.

In Australia, color printing ink exports contracted by an average annual rate of -14.3% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by 12% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, color printing ink export price increased by +86.8% against 2017 indices. The pace of growth was the most pronounced in 2019 when the export price increased by 40% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 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 New Zealand (+12.5%).

Color Printing Ink Imports

Imports in Australia and Oceania

Color printing ink imports fell to X tons in 2022, declining by -11.9% compared with 2021 figures. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports declined to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Australia represented the key importing country with an import of about X tons, which amounted to 76% of total imports. It was distantly followed by New Zealand (X tons), achieving a 19% share of total imports. Papua New Guinea (X tons) took a relatively small share of total imports.

Australia was also the fastest-growing in terms of the color printing ink imports, with a CAGR of -6.3% from 2012 to 2022. New Zealand (-7.1%) and Papua New Guinea (-8.5%) 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 ($X) constitutes the largest market for imported color printing ink in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (-3.9% per year) and Papua New Guinea (-0.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 2.2% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 26%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform