New Zealand: Color Printing Ink Market 2024

Color Printing Ink Market Size in New Zealand

The New Zealand color printing ink market dropped to $X in 2022, declining by -14.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a slight reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Color Printing Ink Exports

Exports from New Zealand

In 2022, shipments abroad of color printing ink increased by 9.4% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 25%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, color printing ink exports shrank to $X in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 15% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Fiji (X tons), Australia (X tons) and Samoa (X tons) were the main destinations of color printing ink exports from New Zealand, together accounting for 80% of total exports. French Polynesia, American Samoa, New Caledonia, Tonga, Vanuatu, Malaysia, China and Taiwan (Chinese) lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Tonga (with a CAGR of +11.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) remains the key foreign market for color printing ink exports from New Zealand, comprising 49% of total exports. The second position in the ranking was taken by French Polynesia ($X), with a 13% share of total exports. It was followed by Australia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Fiji amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (+9.9% per year) and Australia (-20.3% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, dropping by -14% against the previous year. Overall, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 120% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 China (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into New Zealand

Color printing ink imports into New Zealand plummeted to X tons in 2022, reducing by -18.9% against 2021. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, color printing ink imports contracted to $X in 2022. Over the period under review, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia (X tons), India (X tons) and Spain (X tons) were the main suppliers of color printing ink imports to New Zealand, together accounting for 67% of total imports. Japan, the Netherlands, Germany, China, the United States, Italy and Sweden lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +37.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink suppliers to New Zealand were Japan ($X), Australia ($X) and the United States ($X), together accounting for 51% of total imports. India, China, Germany, Spain, the Netherlands, Sweden and Italy lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Italy, with a CAGR of +18.4%, recorded the highest growth rate of 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 average color printing ink import price stood at $X per ton in 2022, increasing by 9.3% against the previous year. Over the period under review, import price indicated a noticeable 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, color printing ink import price decreased by -9.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform