Ethiopia: Black Printing Ink Market 2024

Black Printing Ink Market Size in Ethiopia

The Ethiopian black printing ink market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -32.4% against 2019 indices. Black printing ink consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Black Printing Ink Exports

Exports from Ethiopia

In 2022, after three years of growth, there was significant decline in shipments abroad of black printing ink, when their volume decreased by -30.7% to X kg. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 477% against the previous year. As a result, the exports attained the peak of X kg, and then contracted rapidly in the following year.

In value terms, black printing ink exports shrank remarkably to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of 845% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X kg) was the main destination for black printing ink exports from Ethiopia, accounting for a 96% share of total exports. Moreover, black printing ink exports to Nigeria exceeded the volume sent to the second major destination, Ghana (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled +21.3%.

In value terms, Nigeria ($X) and Ghana ($X) appeared to be the largest markets for black printing ink exported from Ethiopia worldwide.

Among the main countries of destination, Ghana, with a CAGR of +81.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average black printing ink export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, posted noticeable growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 180% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Nigeria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+44.3%).

Black Printing Ink Imports

Imports into Ethiopia

Black printing ink imports into Ethiopia rose sharply to X tons in 2022, picking up by 6.2% compared with the previous year's figure. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.1% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 87%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, black printing ink imports expanded remarkably to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 38%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of black printing ink to Ethiopia, with a 60% share of total imports. Moreover, black printing ink imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+14.0% per year) and Japan (-5.9% per year).

In value terms, the largest black printing ink suppliers to Ethiopia were China ($X), Japan ($X) and the Netherlands ($X), together accounting for 75% of total imports.

In terms of the main suppliers, China, with a CAGR of +16.4%, recorded 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

In 2022, the average black printing ink import price amounted to $X per ton, with an increase of 4.3% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 52% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform