Malaysia: Black Printing Ink Market 2024

Black Printing Ink Market Size in Malaysia

The Malaysian black printing ink market declined remarkably to $X in 2022, waning by -15.7% against the previous year. In general, consumption saw a abrupt slump. Black printing ink consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Black Printing Ink Production in Malaysia

In value terms, black printing ink production fell to $X in 2022 estimated in export price. Overall, production saw a perceptible descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 60% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Black Printing Ink Exports

Exports from Malaysia

In 2022, after two years of decline, there was significant growth in overseas shipments of black printing ink, when their volume increased by 64% to X tons. In general, exports saw strong growth. The growth pace was the most rapid in 2018 with an increase of 124%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports skyrocketed to $X in 2022. Overall, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 121% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for black printing ink exports from Malaysia, accounting for a 68% share of total exports. Moreover, black printing ink exports to Australia exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. Vietnam (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to +63.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+19.8% per year) and Vietnam (-2.9% per year).

In value terms, Australia ($X) emerged as the key foreign market for black printing ink exports from Malaysia, comprising 49% of total exports. The second position in the ranking was taken by Singapore ($X), with an 18% share of total exports. It was followed by the United States, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Australia stood at +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+25.2% per year) and the United States (+5.8% per year).

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, which is down by -18.7% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 52%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Vietnam ($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 Brazil (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into Malaysia

After four years of growth, overseas purchases of black printing ink decreased by -10.1% to X tons in 2022. Overall, imports, however, showed temperate growth. The pace of growth was the most pronounced in 2015 with an increase of 31% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, black printing ink imports contracted significantly to $X in 2022. In general, imports saw a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest black printing ink supplier to Malaysia, accounting for a 71% share of total imports. Moreover, black printing ink imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fivefold. The third position in this ranking was taken by Japan (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+28.8% per year) and Japan (-13.0% per year).

In value terms, the United States ($X) constituted the largest supplier of black printing ink to Malaysia, comprising 67% of total imports. The second position in the ranking was held by Singapore ($X), with a 15% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+16.9% per year) and Japan (-17.3% per year).

Import Prices by Country

In 2022, the average black printing ink import price amounted to $X per ton, shrinking by -6.2% against the previous year. In general, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform