Australia and Oceania: Ink Market 2024

Ink Market Size in Australia and Oceania

The ink market in Australia and Oceania expanded notably to $X in 2021, picking up by 14% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Ink Production in Australia and Oceania

In value terms, ink production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 34%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Ink Exports

Exports in Australia and Oceania

In 2021, overseas shipments of inks (excluding printing ink) decreased by -13.8% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2016 with an increase of 124%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, ink exports expanded slightly to $X in 2021. Over the period under review, exports, however, posted measured growth. The pace of growth appeared the most rapid in 2013 with an increase of 64% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. 95% of total exports in 2021. It was distantly followed by New Zealand (X tons), generating a 4.9% share of total exports.

Australia was also the fastest-growing in terms of the inks (excluding printing ink) exports, with a CAGR of +3.4% from 2012 to 2021. New Zealand (-3.4%) illustrated a downward trend over the same period. While the share of Australia (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-3.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest ink supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total exports.

In Australia, ink exports increased at an average annual rate of +3.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 19% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 43%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.7%).

Ink Imports

Imports in Australia and Oceania

In 2021, ink imports in Australia and Oceania soared to X tons, with an increase of 38% compared with 2020 figures. Total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink imports surged to $X in 2021. In general, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Fiji was the major importing country with an import of around X tons, which amounted to 40% of total imports. New Zealand (X tons) held the second position in the ranking, followed by Australia (X tons), New Caledonia (X tons) and Tonga (X tons). All these countries together took approx. 51% share of total imports. The following importers - Papua New Guinea (X tons) and Samoa (X tons) - each resulted at a 7.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Tonga (with a CAGR of +30.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) constitutes the largest market for imported inks (excluding printing ink) in Australia and Oceania, comprising 52% of total imports. The second position in the ranking was taken by New Caledonia ($X), with a 15% share of total imports. It was followed by Fiji, with a 14% share.

In New Zealand, ink imports increased at an average annual rate of +25.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Caledonia (+22.6% per year) and Fiji (+18.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 26% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ink import price increased by +105.2% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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