MENA: Black Printing Ink Market 2024

Black Printing Ink Market Size in MENA

The MENA's black printing ink market declined to $X in 2022, waning by -11.4% against the previous year. In general, consumption continues to indicate a slight downturn. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Black Printing Ink Production in MENA

In value terms, black printing ink production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by 24%. As a result, production attained the peak level of $X, and then shrank in the following year.

Black Printing Ink Exports

Exports in MENA

Black printing ink exports surged to X tons in 2022, increasing by 31% against 2021. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by 117%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, black printing ink exports skyrocketed to $X in 2022. Overall, exports saw a strong increase. The growth pace was the most rapid in 2015 with an increase of 98%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Turkey represented the main exporting country with an export of around X tons, which resulted at 56% of total exports. Israel (X tons) ranks second in terms of the total exports with a 30% share, followed by Saudi Arabia (5.9%). The United Arab Emirates (X tons), Syrian Arab Republic (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Israel (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, together comprising 95% of total exports.

Israel, with a CAGR of +31.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, reducing by -7.8% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink export price decreased by -22.5% against 2020 indices. The growth pace was the most rapid in 2014 when the export price increased by 31% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+7.3%), while the other leaders experienced more modest paces of growth.

Black Printing Ink Imports

Imports in MENA

In 2022, approx. X tons of black printing ink were imported in MENA; growing by 8.7% compared with 2021. Overall, imports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2019 with an increase of 16%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 27%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey represented the major importing country with an import of around X tons, which accounted for 34% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Algeria (X tons), Israel (X tons), Morocco (X tons), Egypt (X tons) and Saudi Arabia (X tons). All these countries together held near 47% share of total imports.

Turkey was also the fastest-growing in terms of the black printing ink imports, with a CAGR of +3.7% from 2012 to 2022. At the same time, Algeria (+2.7%) displayed positive paces of growth. Israel and Morocco experienced a relatively flat trend pattern. By contrast, Egypt (-1.2%), the United Arab Emirates (-3.2%) and Saudi Arabia (-5.4%) illustrated a downward trend over the same period. While the share of Turkey (+13 p.p.) and Algeria (+3.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (-2.5 p.p.) and the United Arab Emirates (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported black printing ink in MENA, comprising 35% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Saudi Arabia, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +5.4%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+2.1% per year) and Saudi Arabia (+0.6% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, declining by -3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2017 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform