Eastern Asia: Color Printing Ink Market 2024

Color Printing Ink Market Size in Eastern Asia

The East Asian color printing ink market was estimated at $X in 2022, flattening at the previous year. Over the period under review, consumption, however, continues to indicate a slight shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Color Printing Ink Production in Eastern Asia

In value terms, color printing ink production rose to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Color Printing Ink Exports

Exports in Eastern Asia

In 2022, shipments abroad of color printing ink increased by 2.7% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, color printing ink exports totaled $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X tons), Japan (X tons) and South Korea (X tons), together amounting to 83% of total export. It was distantly followed by Taiwan (Chinese) (X tons), generating a 13% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of +2.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X) remains the largest color printing ink supplier in Eastern Asia, comprising 51% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by South Korea, with a 14% share.

In Japan, color printing ink exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+4.6% per year) and South Korea (-2.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 when the export price increased by 8.3% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell slightly in the following year.

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 Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.7%), while the other leaders experienced more modest paces of growth.

Color Printing Ink Imports

Imports in Eastern Asia

Color printing ink imports shrank notably to X tons in 2022, reducing by -16% compared with the previous year. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 8.5% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, color printing ink imports declined to $X in 2022. In general, imports showed a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 16%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) represented roughly 80% of total imports in 2022. It was distantly followed by South Korea (X tons) and Japan (X tons), together constituting a 19% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of -1.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest color printing ink importing markets in Eastern Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), together comprising 80% of total imports. Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further 20%.

Among the main importing countries, Japan, with a CAGR of +0.4%, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of 6.2% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, color printing ink import price increased by +65.8% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 14%. 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 China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform