Middle East: Ink-Pad Market 2024

Ink-Pad Market Size in the Middle East

The Middle Eastern ink-pad market was estimated at $X in 2022, approximately equating the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Ink-Pad Production in the Middle East

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

Ink-Pad Exports

Exports in the Middle East

In 2022, approx. X units of ink-pads were exported in the Middle East; rising by 103% against 2021. Over the period under review, exports posted a moderate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink-pad exports surged to $X in 2022. Total exports indicated tangible growth 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 +93.4% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 44%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Turkey prevails in exports structure, recording X units, which was approx. 91% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), generating a 5.7% share of total exports.

Turkey was also the fastest-growing in terms of the ink-pads exports, with a CAGR of +9.4% from 2012 to 2022. The United Arab Emirates (-15.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +42 percentage points.

In value terms, Turkey ($X) remains the largest ink-pad supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 23% share of total exports.

In Turkey, ink-pad exports expanded at an average annual rate of +14.6% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, shrinking by -38.6% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 most prominent rate of growth was recorded in 2019 when the export price increased by 67%. As a result, the export price reached the peak level of $X per unit. From 2020 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 the United Arab Emirates ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.1%).

Ink-Pad Imports

Imports in the Middle East

Ink-pad imports skyrocketed to X units in 2022, picking up by 22% against 2021. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor 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 expanded sharply to $X in 2022. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Iran (X units), Turkey (X units), Yemen (X units), Iraq (X units), Kuwait (X units) and Lebanon (X units) were the largest importers of ink-pads, together achieving 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +35.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, with a combined 64% share of total imports. Iraq, Yemen, Kuwait and Lebanon lagged somewhat behind, together comprising a further 22%.

Yemen, with a CAGR of +19.7%, recorded the highest rates of growth with regard to the value of imports, among 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 the Middle East amounted to $X per unit, shrinking by -6.4% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 38% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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