Indonesia: Color Printing Ink Market 2024

Color Printing Ink Market Size in Indonesia

The Indonesian color printing ink market dropped slightly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Color Printing Ink Production in Indonesia

In value terms, color printing ink production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Color Printing Ink Exports

Exports from Indonesia

In 2022, approx. X tons of color printing ink were exported from Indonesia; which is down by -16.1% compared with 2021. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 82%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, color printing ink exports declined to $X in 2022. Overall, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 175% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Nigeria (X tons) and Brazil (X tons) were the main destinations of color printing ink exports from Indonesia, together comprising 48% of total exports. The United States, the Philippines, Japan, Taiwan (Chinese), Malaysia, Vietnam, New Zealand, Thailand and China lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +64.3%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for color printing ink exports from Indonesia, comprising 36% of total exports. The second position in the ranking was taken by Japan ($X), with an 8.7% share of total exports. It was followed by the United States, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.4% per year) and the United States (+33.8% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, with an increase of 3% against the previous year. Over the period under review, the export price, however, showed a slight decline. The growth pace was the most rapid in 2016 an increase of 75%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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 Thailand (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Indonesia

In 2022, overseas purchases of color printing ink increased by 11% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 25% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, color printing ink imports totaled $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 54% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and South Korea (X tons) were the main suppliers of color printing ink imports to Indonesia, together accounting for 55% of total imports. Australia, Singapore, Malaysia, Thailand, Taiwan (Chinese), the Philippines, Vietnam, Japan, Switzerland and the United States lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +84.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of color printing ink to Indonesia, comprising 28% of total imports. The second position in the ranking was taken by Singapore ($X), with a 13% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+14.8% per year) and China (+6.5% per year).

Import Prices by Country

In 2022, the average color printing ink import price amounted to $X per ton, waning by -4.6% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, color printing ink import price decreased by -19.3% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 23%. 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 Switzerland ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform