Middle East: Black Printing Ink Market 2024

Black Printing Ink Market Size in the Middle East

The Middle Eastern black printing ink market declined to $X in 2022, falling by -12.9% against the previous year. In general, consumption saw a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Black Printing Ink Production in the Middle East

In value terms, black printing ink production contracted 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 relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Black Printing Ink Exports

Exports in the Middle East

In 2022, the amount of black printing ink exported in the Middle East surged to X tons, jumping by 33% on the previous year. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 139% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, black printing ink exports surged to $X in 2022. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 103% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of black printing ink, generating 56% of total exports. Israel (X tons) took a 30% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (5.9%). The United Arab Emirates (X tons), Syrian Arab Republic (X tons) and Lebanon (X tons) took a minor share of total exports.

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) were the countries with the highest levels of exports in 2022, with a combined 95% share of total exports.

Israel, with a CAGR of +31.5%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the export price in the Middle East amounted to $X per ton, dropping by -8.6% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price 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. Based on 2022 figures, black printing ink export price decreased by -22.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 37% against the previous year. The level of export peaked 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 ($X per ton), while Syrian Arab Republic ($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 the Middle East

In 2022, black printing ink imports in the Middle East expanded rapidly to X tons, increasing by 10% compared with 2021. Over the period under review, imports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, black printing ink imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) represented the largest importer of black printing ink, committing 45% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Israel (X tons), Saudi Arabia (X tons) and Iran (X tons). All these countries together took near 38% share of total imports. The following importers - Syrian Arab Republic (X tons) and Iraq (X tons) - each resulted at a 5.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to black printing ink imports into Turkey stood at +3.7%. At the same time, Iraq (+15.1%) and Syrian Arab Republic (+4.4%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +15.1% from 2012-2022. Israel experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-3.2%), Iran (-5.4%) and Saudi Arabia (-5.4%) illustrated a downward trend over the same period. While the share of Turkey (+19 p.p.) and Iraq (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-2.6 p.p.), the United Arab Emirates (-2.8 p.p.) and Saudi Arabia (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported black printing ink in the Middle East, comprising 44% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Saudi Arabia, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +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

In 2022, the import price in the Middle East amounted to $X per ton, which is down by -7% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2016 an increase of 22%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Saudi Arabia ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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