Jordan: Printing Ink Market 2024

Printing Ink Market Size in Jordan

The Jordanian printing ink market declined slightly to $X in 2022, with a decrease of -3.9% against the previous year. Overall, consumption continues to indicate a pronounced slump. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Printing Ink Production in Jordan

In value terms, printing ink production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Printing Ink Exports

Exports from Jordan

In 2022, shipments abroad of printing ink increased by 80% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 106%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, printing ink exports surged to $X in 2022. Overall, exports recorded modest growth. The pace of growth was the most pronounced in 2018 when exports increased by 90%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for printing ink exports from Jordan, accounting for a 74% share of total exports. Moreover, 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 growth rate of volume to Russia totaled +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 (-1.4% per year).

In value terms, Russia ($X) remains the key foreign market for printing ink exports from Jordan, comprising 71% of total exports. The second position in the ranking was held by Saudi Arabia ($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 totaled +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

In 2022, the average printing ink export price amounted to $X per ton, dropping by -2.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 (+4.2%), while the prices for the other major destinations experienced a decline.

Printing Ink Imports

Imports into Jordan

In 2022, approx. X tons of printing ink were imported into Jordan; which is down by -12.9% compared with 2021 figures. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 33%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing ink imports dropped to $X in 2022. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Saudi Arabia (X tons) and China (X tons) were the main suppliers of printing ink imports to Jordan, together accounting for 42% of total imports. Sweden, Italy, the UK, India, Switzerland, Spain, Belgium, Lebanon, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +41.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and Sweden ($X) were the largest printing ink suppliers to Jordan, together accounting for 40% of total imports. Italy, the UK, China, Switzerland, India, Belgium, Lebanon, the Netherlands, Spain and the United Arab Emirates lagged somewhat behind, together comprising a further 46%.

Switzerland, with a CAGR of +29.2%, saw the highest growth rate of 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

The average printing ink import price stood at $X per ton in 2022, falling by -1.5% against the previous year. In general, the import price, however, showed a prominent expansion. The growth pace was the most rapid in 2020 when the average import price increased by 48%. The import price peaked at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform