Australia: Ink Market 2024

Ink Market Size in Australia

For the fourth consecutive year, the Australian ink market recorded growth in sales value, which increased by 2.4% to $X in 2021. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Ink consumption peaked in 2021 and is likely to continue growth in the near future.

Ink Production in Australia

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

Ink Exports

Exports from Australia

In 2021, overseas shipments of inks (excluding printing ink) decreased by -13.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 143% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, ink exports expanded markedly to $X in 2021. In general, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for ink exports from Australia, with a 63% share of total exports. Moreover, ink exports to Vietnam exceeded the volume sent to the second major destination, Sri Lanka (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +126.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+89.5% per year) and the United States (+24.1% per year).

In value terms, South Korea ($X), Vietnam ($X) and New Zealand ($X) constituted the largest markets for ink exported from Australia worldwide, with a combined 49% share of total exports.

Among the main countries of destination, South Korea, with a CAGR of +82.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ink export price stood at $X per ton in 2021, surging by 22% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Australia

In 2021, approx. X tons of inks (excluding printing ink) were imported into Australia; shrinking by -12.8% compared with 2020 figures. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 68%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ink imports rose rapidly to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), China (X tons) and the United States (X tons) were the main suppliers of ink imports to Australia, with a combined 66% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +22.7%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of inks (excluding printing ink) to Australia, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.5% per year) and Germany (+8.6% per year).

Import Prices by Country

In 2021, the average ink import price amounted to $X per ton, surging by 29% against the previous year. Overall, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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