Cote d'Ivoire: Black Printing Ink Market 2024

Black Printing Ink Market Size in Cote d'Ivoire

In 2022, after three years of growth, there was significant decline in the Cote d'Ivoire's black printing ink market, when its value decreased by -9.8% to $X. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +115.4% against 2018 indices. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Black Printing Ink Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of black printing ink was finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 147% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, black printing ink exports soared to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 64%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal (X kg), Mali (X kg) and Burkina Faso (X kg) were the main destinations of black printing ink exports from Cote d'Ivoire, with a combined 100% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +13.9%), while the other leaders experienced a decline.

In value terms, Senegal ($X), Mali ($X) and Burkina Faso ($X) were the largest markets for black printing ink exported from Cote d'Ivoire worldwide, together accounting for 85% of total exports.

Mali, with a CAGR of +15.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, falling by -22.7% against the previous year. In general, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 132%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+49.3%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of black printing ink decreased by -4.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 49%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, black printing ink imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

France (X tons), India (X tons) and China (X tons) were the main suppliers of black printing ink imports to Cote d'Ivoire, with a combined 50% share of total imports. The UK, Germany, the Netherlands, Belgium, Spain and Japan lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Japan ($X) were the largest black printing ink suppliers to Cote d'Ivoire, with a combined 51% share of total imports. Germany, the Netherlands, India, Spain, China and Belgium lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, the Netherlands, with a CAGR of +21.4%, recorded the highest growth rate of 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

In 2022, the average black printing ink import price amounted to $X per ton, dropping by -6.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2014 an increase of 34% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform