Hong Kong SAR, China: Color Printing Ink Market 2024

Color Printing Ink Market Size in Hong Kong SAR, China

In 2022, the Hong Kong color printing ink market increased by 18% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +34.1% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Color Printing Ink Production in Hong Kong SAR, China

In value terms, color printing ink production stood at $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by 267% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Color Printing Ink Exports

Exports from Hong Kong SAR, China

In 2022, exports of color printing ink from Hong Kong SAR reduced rapidly to X tons, with a decrease of -33.1% compared with the year before. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 26%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, color printing ink exports reduced to $X in 2022. Over the period under review, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for color printing ink exports from Hong Kong SAR, accounting for a 72% share of total exports. Moreover, color printing ink exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. The third position in this ranking was taken by Bangladesh (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+8.5% per year) and Bangladesh (+12.8% per year).

In value terms, China ($X) remains the key foreign market for color printing ink exports from Hong Kong SAR, comprising 78% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 4.5% share of total exports. It was followed by Japan, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+13.9% per year) and Japan (+17.3% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 53% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($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 China (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Hong Kong SAR, China

In 2022, imports of color printing ink into Hong Kong SAR dropped sharply to X tons, reducing by -29.2% on the year before. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, color printing ink imports shrank to $X in 2022. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Spain (X tons) were the main suppliers of color printing ink imports to Hong Kong SAR, with a combined 55% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +14.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of color printing ink to Hong Kong SAR, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by the UK, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.9% per year) and the UK (+4.4% per year).

Import Prices by Country

In 2022, the average color printing ink import price amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the import price enjoyed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform