Australia and Oceania: Printing Ink Market 2024

Printing Ink Market Size in Australia and Oceania

The printing ink market in Australia and Oceania rose notably to $X in 2022, with an increase of 14% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Printing Ink Production in Australia and Oceania

In value terms, printing ink production shrank to $X in 2022 estimated in export price. Overall, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Printing Ink Exports

Exports in Australia and Oceania

In 2022, overseas shipments of printing ink decreased by -48.8% to X tons, falling for the sixth consecutive year after two years of growth. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 5.8%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, printing ink exports contracted notably to $X in 2022. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 7.6%. 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 key exporter of printing ink in Australia and Oceania, with the volume of exports accounting for X tons, which was near 87% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a 13% share of total exports.

Australia was also the fastest-growing in terms of the printing ink exports, with a CAGR of -17.6% from 2012 to 2022. New Zealand (-19.0%) illustrated a downward trend over the same period. Australia (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -2.1% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest printing ink supplier in Australia and Oceania, comprising 74% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -15.7%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 when the export price increased by 16%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.5%).

Printing Ink Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of printing ink increased by 17% to X tons, rising for the second consecutive year after seven years of decline. Overall, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, printing ink imports contracted remarkably to $X in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) represented the major importer of printing ink, generating 83% of total imports. It was distantly followed by New Zealand (X tons), achieving a 13% share of total imports. Papua New Guinea (X tons) held a little share of total imports.

Australia was also the fastest-growing in terms of the printing ink imports, with a CAGR of -3.1% from 2012 to 2022. New Zealand (-7.4%) and Papua New Guinea (-8.1%) illustrated a downward trend over the same period. Australia (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -5.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported printing ink in Australia and Oceania, comprising 69% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to -4.5%. In the other countries, the average annual rates were as follows: New Zealand (-4.2% per year) and Papua New Guinea (-0.3% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, reducing by -54.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 29% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, 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 Papua New Guinea ($X per ton), while Australia ($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 (+8.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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