Japan: Color Printing Ink Market 2024

Color Printing Ink Market Size in Japan

The Japanese color printing ink market was estimated at $X in 2022, with an increase of 2.4% against the previous year. In general, consumption, however, saw a pronounced reduction. Color printing ink consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Color Printing Ink Production in Japan

In value terms, color printing ink production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 28% against the previous year. Color printing ink production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Color Printing Ink Exports

Exports from Japan

In 2022, exports of color printing ink from Japan reduced modestly to X tons, approximately equating 2021 figures. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of X tons, and then declined slightly in the following year.

In value terms, color printing ink exports fell modestly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Singapore (X tons) and China (X tons) were the main destinations of color printing ink exports from Japan, together accounting for 52% of total exports. The Netherlands, Vietnam, Taiwan (Chinese), the Philippines, Thailand, India, France, Germany, Hong Kong SAR and Spain lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +31.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for color printing ink exported from Japan were the United States ($X), China ($X) and Singapore ($X), with a combined 54% share of total exports. The Netherlands, France, Vietnam, Hong Kong SAR, the Philippines, Taiwan (Chinese), Thailand, India, Germany and Spain lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Vietnam, with a CAGR of +24.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 6.8% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 Hong Kong SAR (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Japan

In 2022, color printing ink imports into Japan declined to X tons, with a decrease of -6.3% compared with the year before. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, color printing ink imports dropped modestly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

South Korea (X tons), China (X tons) and the UK (X tons) were the main suppliers of color printing ink imports to Japan, together comprising 60% of total imports. The United States, Indonesia, Israel, Turkey and Singapore lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +104.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink suppliers to Japan were Indonesia ($X), the UK ($X) and the United States ($X), with a combined 50% share of total imports.

Indonesia, with a CAGR of +123.2%, 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 color printing ink import price amounted to $X per ton, surging by 4.3% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 17%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Indonesia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform