Central Asia: Printing Ink Market 2024

Printing Ink Market Size in Central Asia

In 2022, the Central Asian printing ink market increased by 8.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Printing Ink Production in Central Asia

In value terms, printing ink production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 16%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Printing Ink Exports

Exports in Central Asia

For the fifth consecutive year, Central Asia recorded growth in overseas shipments of printing ink, which increased by 254% to X tons in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 752%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, printing ink exports soared to $X in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan represented the largest exporting country with an export of around X tons, which recorded 74% of total exports. It was distantly followed by Kazakhstan (X tons), achieving a 26% share of total exports.

Uzbekistan was also the fastest-growing in terms of the printing ink exports, with a CAGR of +177.7% from 2012 to 2022. At the same time, Kazakhstan (+35.8%) displayed positive paces of growth. While the share of Uzbekistan (+74 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-73.4 p.p.) displayed negative dynamics.

In value terms, the largest printing ink supplying countries in Central Asia were Kazakhstan ($X) and Uzbekistan ($X).

In terms of the main exporting countries, Uzbekistan, with a CAGR of +231.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, growing by 64% against the previous year. In general, the export price showed a tangible expansion. The pace of growth was the most pronounced in 2013 when the export price increased by 470%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

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 Kazakhstan ($X per ton), while Uzbekistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+19.3%).

Printing Ink Imports

Imports in Central Asia

In 2022, approx. X tons of printing ink were imported in Central Asia; increasing by 44% on the previous year's figure. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 163%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, printing ink imports skyrocketed to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 308%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in imports structure, together generating 87% of total imports. It was distantly followed by Kyrgyzstan (X tons), comprising a 7.7% share of total imports. The following importers - Turkmenistan (X tons) and Tajikistan (X tons) - together made up 4.3% of total imports.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 96% of total imports. Turkmenistan and Tajikistan lagged somewhat behind, together comprising a further 3.4%.

Among the main importing countries, Tajikistan, with a CAGR of +23.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, rising by 24% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, printing ink import price increased by +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 55%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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