Central Asia: Ink Market 2024

Ink Market Size in Central Asia

For the third consecutive year, the Central Asian ink market recorded growth in sales value, which increased by 15% to $X in 2021. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.8% against 2017 indices. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Ink Production in Central Asia

In value terms, ink production fell to $X in 2021 estimated in export price. Over the period under review, production saw a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Ink Exports

Exports in Central Asia

In 2021, overseas shipments of inks (excluding printing ink) increased by 194% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 282% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, ink exports surged to $X in 2021. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 320%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together accounting for 100% of total export.

Kazakhstan was also the fastest-growing in terms of the inks (excluding printing ink) exports, with a CAGR of +48.2% from 2012 to 2021. Kazakhstan (+57 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest ink supplier in Central Asia.

In Kazakhstan, ink exports increased at an average annual rate of +42.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, dropping by -14.3% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by 48%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -4.2% per year.

Ink Imports

Imports in Central Asia

In 2021, approx. X tons of inks (excluding printing ink) were imported in Central Asia; jumping by 30% on 2020 figures. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 89%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

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

Imports by Country

Kazakhstan was the key importer of inks (excluding printing ink) in Central Asia, with the volume of imports recording X tons, which was near 65% of total imports in 2021. It was distantly followed by Uzbekistan (X tons), comprising a 27% share of total imports. Kyrgyzstan (X tons) took a relatively small share of total imports.

Imports into Kazakhstan increased at an average annual rate of +12.8% from 2012 to 2021. At the same time, Kyrgyzstan (+18.3%) and Uzbekistan (+2.5%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +18.3% from 2012-2021. From 2012 to 2021, the share of Uzbekistan increased by +27 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported inks (excluding printing ink) in Central Asia, comprising 73% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +15.3%. In the other countries, the average annual rates were as follows: Uzbekistan (+10.4% per year) and Kyrgyzstan (+11.0% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, increasing by 56% against the previous year. In general, the import price, however, showed a slight decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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