Jordan: Color Printing Ink Market 2024

Color Printing Ink Market Size in Jordan

The Jordanian color printing ink market was estimated at $X in 2022, standing approx. at the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Color Printing Ink Production in Jordan

In value terms, color printing ink production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Color Printing Ink Exports

Exports from Jordan

Color printing ink exports from Jordan soared to X tons in 2022, picking up by 82% compared with the previous year's figure. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 107%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, color printing ink exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of 91%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Russia (X tons) was the main destination for color printing ink exports from Jordan, with a 74% share of total exports. Moreover, color printing ink exports to Russia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The third position in this ranking was held by Kuwait (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+19.8% per year) and Kuwait (+134.6% per year).

In value terms, Russia ($X) remains the key foreign market for color printing ink exports from Jordan, comprising 72% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 12% share of total exports. It was followed by Uzbekistan, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+14.3% per year) and Uzbekistan (0.0% per year).

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 26% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average 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 Uzbekistan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Kuwait (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Color Printing Ink Imports

Imports into Jordan

In 2022, approx. X tons of color printing ink were imported into Jordan; which is down by -19.4% on the previous year. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by 21%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, color printing ink imports contracted to $X in 2022. In general, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2020 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Saudi Arabia (X tons) and Italy (X tons) were the main suppliers of color printing ink imports to Jordan, together accounting for 43% of total imports. Sweden, the UK, Switzerland, China, India, Belgium, Lebanon, the Netherlands, Taiwan (Chinese) and Turkey lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +42.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink suppliers to Jordan were Germany ($X), Saudi Arabia ($X) and Italy ($X), with a combined 43% share of total imports. Sweden, the UK, Switzerland, China, India, Belgium, Lebanon, the Netherlands, Taiwan (Chinese) and Turkey lagged somewhat behind, together comprising a further 47%.

Belgium, with a CAGR of +36.1%, recorded the highest rates of growth with regard to the value of imports, among 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 7.2% against the previous year. In general, the import price enjoyed moderate growth. The growth pace was the most rapid in 2020 an increase of 53%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform