MENA: Ink-Pad Market 2024

Ink-Pad Market Size in MENA

The MENA's ink-pad market rose rapidly to $X in 2022, increasing by 5.5% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Ink-Pad Production in MENA

In value terms, ink-pad production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Ink-Pad Exports

Exports in MENA

In 2022, the amount of ink-pads exported in MENA surged to X units, picking up by 101% against the previous year. In general, exports showed notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink-pad exports skyrocketed to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 50%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Turkey prevails in exports structure, resulting at X units, which was approx. 89% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), achieving a 5.6% share of total exports. Tunisia (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +9.4% from 2012 to 2022. At the same time, Tunisia (+12.9%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +12.9% from 2012-2022. By contrast, the United Arab Emirates (-15.0%) illustrated a downward trend over the same period. Turkey (+40 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -32.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest ink-pad supplier in MENA, comprising 69% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total exports.

In Turkey, ink-pad exports expanded at an average annual rate of +14.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-4.7% per year) and Tunisia (+9.9% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, falling by -38.8% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ink-pad export price decreased by -47.6% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 66%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.1%), while the other leaders experienced mixed trends in the export price figures.

Ink-Pad Imports

Imports in MENA

Ink-pad imports skyrocketed to X units in 2022, rising by 52% against 2021. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink-pad imports reached $X in 2022. In general, imports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2016 with an increase of 27%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Morocco represented the key importer of ink-pads in MENA, with the volume of imports reaching X units, which was near 32% of total imports in 2022. The United Arab Emirates (X units) ranks second in terms of the total imports with a 14% share, followed by Algeria (12%), Iran (7.4%), Tunisia (6.9%), Turkey (5.5%) and Yemen (5.1%).

From 2012 to 2022, average annual rates of growth with regard to ink-pad imports into Morocco stood at +12.1%. At the same time, Yemen (+35.2%), Algeria (+12.4%), the United Arab Emirates (+10.4%), Tunisia (+5.1%) and Iran (+4.3%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in MENA, with a CAGR of +35.2% from 2012-2022. Turkey experienced a relatively flat trend pattern. Morocco (+16 p.p.), Algeria (+6 p.p.), the United Arab Emirates (+5.8 p.p.) and Yemen (+4.7 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ink-pad importing markets in MENA were the United Arab Emirates ($X), Tunisia ($X) and Morocco ($X), together accounting for 46% of total imports. Turkey, Algeria, Iran and Yemen lagged somewhat behind, together comprising a further 28%.

Yemen, with a CAGR of +19.7%, recorded 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

In 2022, the import price in MENA amounted to $X per unit, shrinking by -24.6% against the previous year. In general, the import price showed a deep slump. The pace of growth appeared the most rapid in 2016 when the import price increased by 28%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Tunisia ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform