New Zealand: Black Printing Ink Market 2024

Black Printing Ink Market Size in New Zealand

In 2022, the New Zealand black printing ink market decreased by -2.7% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption showed a noticeable downturn. Black printing ink consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Black Printing Ink Exports

Exports from New Zealand

In 2022, overseas shipments of black printing ink were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by 31% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports declined to $X in 2022. Over the period under review, exports, however, recorded a deep setback. The growth pace was the most rapid in 2014 when exports increased by 61%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons), Samoa (X tons) and French Polynesia (X tons) were the main destinations of black printing ink exports from New Zealand, together comprising 85% of total exports. Australia, American Samoa, Solomon Islands, New Caledonia and Malaysia lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Solomon Islands (with a CAGR of +9.0%), while the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) emerged as the key foreign market for black printing ink exports from New Zealand, comprising 45% of total exports. The second position in the ranking was taken by Samoa ($X), with an 18% share of total exports. It was followed by French Polynesia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+4.2% per year) and French Polynesia (+21.9% per year).

Export Prices by Country

The average black printing ink export price stood at $X per ton in 2022, reducing by -10.1% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2016 an increase of 74%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was French Polynesia ($X per ton), while the average price for exports to American Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into New Zealand

Black printing ink imports into New Zealand shrank markedly to X tons in 2022, waning by -15.8% against 2021 figures. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 12%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports stood at $X in 2022. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 7.6% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Australia (X tons) and Germany (X tons) were the main suppliers of black printing ink imports to New Zealand, with a combined 68% share of total imports. Spain, Japan, the United States and China lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +38.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest black printing ink suppliers to New Zealand were Japan ($X), the United States ($X) and Australia ($X), with a combined 43% share of total imports. India, China, Germany and Spain lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Spain, with a CAGR of +27.3%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average black printing ink import price amounted to $X per ton, picking up by 24% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 import price decreased by -14.9% against 2017 indices. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 States (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform