Middle East: Printing Ink Market 2024

Printing Ink Market Size in the Middle East

After ten years of growth, the Middle Eastern printing ink market decreased by -12.8% to $X in 2022. In general, consumption, however, recorded a buoyant expansion. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Printing Ink Production in the Middle East

In value terms, printing ink production contracted to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The growth pace was the most rapid in 2021 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Printing Ink Exports

Exports in the Middle East

In 2022, shipments abroad of printing ink increased by 22% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 45%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, printing ink exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 45%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Turkey (X tons) and Israel (X tons) dominates exports structure, together comprising 87% of total exports. Saudi Arabia (X tons), the United Arab Emirates (X tons), Lebanon (X tons) and Jordan (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 main exporting countries, was attained by Israel (with a CAGR of +16.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest printing ink supplying countries in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 95% of total exports.

Among the main exporting countries, Israel, with a CAGR of +17.9%, recorded the highest rates of growth with regard to 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

The export price in the Middle East stood at $X per ton in 2022, rising by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 an increase of 16%. The level of export peaked at $X per ton in 2018; however, from 2019 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 ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.8%), while the other leaders experienced more modest paces of growth.

Printing Ink Imports

Imports in the Middle East

Printing ink imports reached X tons in 2022, rising by 3.3% against 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 12%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, printing ink imports rose notably to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) was the major importer of printing ink, making up 35% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Saudi Arabia (X tons), Israel (X tons) and Iran (X tons). All these countries together held approx. 47% share of total imports. The following importers - Kuwait (X tons), Lebanon (X tons) and Iraq (X tons) - each reached an 8.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, together comprising 77% of total imports.

In terms of the main importing countries, Saudi Arabia, with a CAGR of +13.0%, saw the highest rates of growth with regard to the value of imports, 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 the Middle East stood at $X per ton in 2022, surging by 7.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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