MENA: Printing Ink Market 2024

Printing Ink Market Size in MENA

In 2022, the MENA's printing ink market decreased by -11.9% to $X for the first time since 2011, thus ending a ten-year rising trend. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +89.6% against 2012 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Printing Ink Production in MENA

In value terms, printing ink production fell to $X in 2022 estimated in export price. Overall, production recorded strong growth. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Printing Ink Exports

Exports in MENA

In 2022, shipments abroad of printing ink increased by 19% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, printing ink exports soared to $X in 2022. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 44%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Turkey (X tons) and Israel (X tons) prevails in exports structure, together creating 85% of total exports. Saudi Arabia (X tons), the United Arab Emirates (X tons), Lebanon (X tons), Egypt (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +16.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

Among the main exporting countries, Israel, with a CAGR of +17.9%, recorded 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

In 2022, the export price in MENA amounted to $X per ton, growing by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2017 an increase of 15%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.4%), while the other leaders experienced more modest paces of growth.

Printing Ink Imports

Imports in MENA

In 2022, the amount of printing ink imported in MENA reached X tons, increasing by 1.9% against 2021. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, printing ink imports reached $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 22% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons), distantly followed by Algeria (X tons), Egypt (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Israel (X tons) represented the main importers of printing ink, together achieving 78% of total imports. Morocco (X tons), Iran (X tons), Tunisia (X tons), Kuwait (X tons), Lebanon (X tons), Iraq (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printing ink importing markets in MENA were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 58% share of total imports.

Saudi Arabia, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2020 when the import price increased by 19%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Lebanon ($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 (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform