Kenya: Printing Ink Market 2024

Printing Ink Market Size in Kenya

The Kenyan printing ink market expanded rapidly to $X in 2022, picking up by 8% against the previous year. In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Printing Ink Production in Kenya

In value terms, printing ink production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.9% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 51%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Printing Ink Exports

Exports from Kenya

Printing ink exports from Kenya reduced to X tons in 2022, waning by -5.9% compared with the previous year's figure. Over the period under review, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 39% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, printing ink exports reduced to $X in 2022. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Ethiopia (X tons) were the main destinations of printing ink exports from Kenya, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of +26.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for printing ink exported from Kenya were Uganda ($X), Tanzania ($X) and Ethiopia ($X), together comprising 81% of total exports.

Among the main countries of destination, Ethiopia, with a CAGR of +28.1%, 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 printing ink export price stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 5.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Zambia ($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 Malawi (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Ink Imports

Imports into Kenya

In 2022, imports of printing ink into Kenya rose to X tons, picking up by 3.4% compared with 2021. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.1% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, printing ink imports expanded to $X in 2022. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 45%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), India (X tons) and Switzerland (X tons) were the main suppliers of printing ink imports to Kenya, together accounting for 40% of total imports. Egypt, the UK, Sweden, the United Arab Emirates, South Africa, Poland, France, Turkey, China and the Netherlands lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +82.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of printing ink to Kenya, comprising 35% of total imports. The second position in the ranking was held by Sweden ($X), with an 8.8% share of total imports. It was followed by India, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+14.4% per year) and India (+3.3% per year).

Import Prices by Country

In 2022, the average printing ink import price amounted to $X per ton, surging by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2013 an increase of 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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