Ethiopia: Printing Ink Market 2024

Printing Ink Market Size in Ethiopia

In 2022, the Ethiopian printing ink market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 -16.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Printing Ink Exports

Exports from Ethiopia

In 2022, exports of printing ink from Ethiopia declined dramatically to X tons, waning by -31.6% on 2021. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,786%. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, printing ink exports dropped notably to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,377% against the previous year. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Burkina Faso (X tons) was the main destination for printing ink exports from Ethiopia, with a 71% share of total exports. Moreover, printing ink exports to Burkina Faso exceeded the volume sent to the second major destination, Nigeria (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso stood at +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+18.2% per year) and Ghana (+47.9% per year).

In value terms, Nigeria ($X), Burkina Faso ($X) and Ghana ($X) constituted the largest markets for printing ink exported from Ethiopia worldwide, together comprising 97% of total exports.

Ghana, with a CAGR of +35.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average printing ink export price amounted to $X per ton, which is down by -22% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 130% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Burkina Faso ($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 Nigeria (+1.9%), while the prices for the other major destinations experienced a decline.

Printing Ink Imports

Imports into Ethiopia

In 2022, purchases abroad of printing ink was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded noticeable growth. The pace of growth appeared the most rapid in 2019 when imports increased by 90% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, printing ink imports amounted to $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 -19.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 64% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kenya (X tons), China (X tons) and India (X tons) were the main suppliers of printing ink imports to Ethiopia, together comprising 61% of total imports. Spain, the United Arab Emirates, Taiwan (Chinese), Turkey, Japan, Poland, Singapore, Saudi Arabia and South Korea lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) constituted the largest supplier of printing ink to Ethiopia, comprising 28% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Kenya totaled +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.1% per year) and India (-1.2% per year).

Import Prices by Country

In 2022, the average printing ink import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for the United Arab Emirates ($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 (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform