Eastern Asia: Ink-Pad Market 2024

Ink-Pad Market Size in Eastern Asia

The East Asian ink-pad market dropped to $X in 2022, waning by -4.3% against the previous year. Over the period under review, consumption showed a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ink-Pad Production in Eastern Asia

In value terms, ink-pad production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 8.1%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ink-Pad Exports

Exports in Eastern Asia

In 2022, exports of ink-pads in Eastern Asia soared to X units, growing by 24% against 2021 figures. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, ink-pad exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China was the major exporting country with an export of about X units, which reached 73% of total exports. Japan (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (12%).

China was also the fastest-growing in terms of the ink-pads exports, with a CAGR of +10.9% from 2012 to 2022. At the same time, Japan (+3.0%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-5.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +31 percentage points.

In value terms, China ($X) remains the largest ink-pad supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-3.8% per year) and Taiwan (Chinese) (-7.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, with a decrease of -10.2% against the previous year. Over the period under review, the export price saw a noticeable downturn. The growth pace was the most rapid in 2015 when the export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Ink-Pad Imports

Imports in Eastern Asia

In 2022, purchases abroad of ink-pads decreased by -7.3% to X units, falling for the fourth consecutive year after three years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ink-pad imports contracted to $X in 2022. Over the period under review, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2013 with an increase of 10% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units) and South Korea (X units) dominates imports structure, together constituting 83% of total imports. It was distantly followed by China (X units) and Taiwan (Chinese) (X units), together mixing up a 13% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +12.8%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported ink-pads in Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by South Korea ($X), with a 21% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at -2.7%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+4.9% per year) and China (-3.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, approximately equating the previous year. In general, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2015 an increase of 7.2%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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