Jordan: Black Printing Ink Market 2024

Black Printing Ink Market Size in Jordan

The Jordanian black printing ink market expanded remarkably to $X in 2022, with an increase of 5.1% against the previous year. Over the period under review, consumption continues to indicate a perceptible reduction. Black printing ink consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Black Printing Ink Production in Jordan

In value terms, black printing ink production rose significantly to $X in 2022 estimated in export price. In general, production showed a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 62% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Black Printing Ink Exports

Exports from Jordan

In 2022, shipments abroad of black printing ink decreased by -45.4% to X tons, falling for the third year in a row after three years of growth. Overall, exports recorded a precipitous decline. The growth pace was the most rapid in 2019 when exports increased by 3,831% against the previous year. Over the period under review, the exports hit record highs 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 shrank notably to $X in 2022. Over the period under review, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2019 when exports increased by 686%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Syrian Arab Republic (X tons), Palestine (X kg) and Germany (X kg) were the main destinations of black printing ink exports from Jordan, together comprising 91% of total exports. These countries were followed by Iraq, which accounted for a further 9.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +8.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for black printing ink exported from Jordan were Syrian Arab Republic ($X), Palestine ($X) and Germany ($X), with a combined 91% share of total exports. These countries were followed by Iraq, which accounted for a further 9.3%.

Among the main countries of destination, Iraq, with a CAGR of +9.6%, saw the highest rates of growth with regard to 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 black printing ink export price stood at $X per ton in 2022, falling by -10.2% against the previous year. Overall, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2020 when the average export price increased by 264%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($X per ton) and Palestine ($X per ton), while the average price for exports to Germany ($X per ton) and Syrian Arab Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Black Printing Ink Imports

Imports into Jordan

In 2022, imports of black printing ink into Jordan soared to X tons, with an increase of 37% on the previous year's figure. In general, imports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2014 when imports increased by 153% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, black printing ink imports fell markedly to $X in 2022. Overall, imports, however, faced a deep reduction. The growth pace was the most rapid in 2016 when imports increased by 37% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of black printing ink imports to Jordan, together accounting for 65% of total imports. The UK, India, Sweden, France, Belgium and the United Arab Emirates lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +1.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest black printing ink suppliers to Jordan were the UK ($X), China ($X) and Germany ($X), with a combined 49% share of total imports.

Among the main suppliers, the UK, with a CAGR of +6.7%, recorded the highest rates of growth with regard to 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

In 2022, the average black printing ink import price amounted to $X per ton, with a decrease of -41.4% against the previous year. Over the period under review, the import price, however, posted a moderate increase. The pace of growth was the most pronounced in 2013 an increase of 96%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Arab Emirates ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform