Northern America: Black Printing Ink Market 2024

Black Printing Ink Market Size in Northern America

The North American black printing ink market expanded modestly to $X in 2022, increasing by 3% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Black Printing Ink Production in Northern America

In value terms, black printing ink production expanded to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Black Printing Ink Exports

Exports in Northern America

In 2022, overseas shipments of black printing ink increased by 2.6% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, black printing ink exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was near 96% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the black printing ink exports, with a CAGR of -5.6% from 2012 to 2022. Canada (-6.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest black printing ink supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 2.8% share of total exports.

In the United States, black printing ink exports expanded at an average annual rate of +1.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 6.5% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.4% 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 export price increased by +65.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 18% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.3%).

Black Printing Ink Imports

Imports in Northern America

Black printing ink imports dropped to X tons in 2022, reducing by -5% compared with 2021. Over the period under review, imports recorded a perceptible setback. The growth pace was the most rapid in 2021 when imports increased by 10% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, black printing ink imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 16% against the previous year. The level of import peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

The countries with the highest levels of black printing ink imports in 2022 were the United States (X tons) and Canada (X tons), together recording 99.9% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of -0.0%).

In value terms, the United States ($X) constitutes the largest market for imported black printing ink in Northern America, comprising 70% of total imports. The second position in the ranking was taken by Canada ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +4.1%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with an increase of 2.5% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.3% 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 increased by +102.7% against 2012 indices. The pace of growth was the most pronounced in 2020 an increase of 18% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.9%).

Source: IndexBox Platform

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