Iran: Black Printing Ink Market 2024

Black Printing Ink Market Size in Iran

The Iranian black printing ink market shrank to $X in 2022, with a decrease of -12.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Black Printing Ink Exports

Exports from Iran

In 2022, black printing ink exports from Iran dropped rapidly to X tons, with a decrease of -36.2% compared with the previous year's figure. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 284%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, black printing ink exports dropped dramatically to $X in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 195% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X tons) was the main destination for black printing ink exports from Iran, accounting for a 78% share of total exports. Moreover, black printing ink exports to Armenia exceeded the volume sent to the second major destination, Azerbaijan (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Armenia totaled -21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (0.0% per year) and the United States (0.0% per year).

In value terms, Armenia ($X) remains the key foreign market for black printing ink exports from Iran, comprising 74% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Armenia amounted to -15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Azerbaijan (0.0% per year).

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, picking up by 6.4% against the previous year. Overall, the export price saw perceptible growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 90% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Azerbaijan ($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 Australia (+601.0%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into Iran

In 2022, imports of black printing ink into Iran totaled X tons, with an increase of 2.7% compared with the year before. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 252%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports fell significantly to $X in 2022. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 224%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of black printing ink to Iran, accounting for a 53% share of total imports. Moreover, black printing ink imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.5% per year) and the UK (-5.7% per year).

In value terms, the largest black printing ink suppliers to Iran were Turkey ($X), the UK ($X) and China ($X), together comprising 77% of total imports.

Among the main suppliers, Turkey, with a CAGR of +22.0%, saw the highest growth rate of 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

The average black printing ink import price stood at $X per ton in 2022, waning by -21.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 72% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform