India: Black Printing Ink Market 2024

Black Printing Ink Market Size in India

The Indian black printing ink market was estimated at $X in 2022, increasing by 2.4% against the previous year. In general, consumption, however, recorded a noticeable descent. Black printing ink consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Black Printing Ink Production in India

In value terms, black printing ink production amounted to $X in 2022 estimated in export price. Overall, production saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 4%. Black printing ink production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Black Printing Ink Exports

Exports from India

In 2022, approx. X tons of black printing ink were exported from India; with a decrease of -14.3% compared with 2021. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, black printing ink exports expanded sharply to $X in 2022. Overall, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 46%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Brazil (X tons) and the United States (X tons) were the main destinations of black printing ink exports from India, together accounting for 34% of total exports. Germany, Indonesia, the United Arab Emirates, Nepal, New Zealand, Bangladesh, Italy, Turkey, Russia and the Netherlands lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nepal (with a CAGR of +9.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Germany ($X) were the largest markets for black printing ink exported from India worldwide, together accounting for 33% of total exports. Brazil, the United Arab Emirates, Bangladesh, Indonesia, Nepal, Turkey, Italy, Russia, the Netherlands and New Zealand lagged somewhat behind, together accounting for a further 38%.

Nepal, with a CAGR of +10.2%, recorded the highest growth rate of the value of exports, among 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

The average black printing ink export price stood at $X per ton in 2022, picking up by 23% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink export price increased by +76.4% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to New Zealand ($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 Germany (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into India

In 2022, black printing ink imports into India skyrocketed to X tons, with an increase of 21% compared with 2021. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 46%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, black printing ink imports soared to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the Philippines (X tons) and Singapore (X tons) were the main suppliers of black printing ink imports to India, with a combined 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +91.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Japan ($X) appeared to be the largest black printing ink suppliers to India, with a combined 53% share of total imports.

The Philippines, with a CAGR of +97.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, dropping by -3.4% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink import price decreased by -8.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42%. The import price peaked at $X per ton in 2020; however, from 2021 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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform