Northern America: Ink Market 2024

Ink Market Size in Northern America

After nine years of growth, the North American ink market decreased by -0.8% to $X in 2021. Over the period under review, consumption, however, posted a strong expansion. The level of consumption peaked at $X in 2020, and then contracted modestly in the following year.

Ink Production in Northern America

In value terms, ink production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient increase. The growth pace was the most rapid in 2019 when the production volume increased by 25%. The level of production peaked at $X in 2020, and then shrank in the following year.

Ink Exports

Exports in Northern America

In 2021, shipments abroad of inks (excluding printing ink) was finally on the rise to reach X tons for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 7.4% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, ink exports skyrocketed to $X in 2021. In general, exports, however, showed a perceptible contraction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, recording X tons, which was approx. 96% of total exports in 2021. Canada (X tons) held a little share of total exports.

Exports from the United States decreased at an average annual rate of -7.9% from 2012 to 2021. At the same time, Canada (+4.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.4% from 2012-2021. Canada (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -2.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest ink supplier in Northern America, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -4.9%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2015 when the export price increased by 19%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.2%).

Ink Imports

Imports in Northern America

In 2021, the amount of inks (excluding printing ink) imported in Northern America surged to X tons, rising by 18% against the previous year. Overall, imports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ink imports rose sharply to $X in 2021. In general, imports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) represented the major importer of inks (excluding printing ink), constituting 71% of total imports. It was distantly followed by Canada (X tons), constituting a 29% share of total imports.

The United States was also the fastest-growing in terms of the inks (excluding printing ink) imports, with a CAGR of +2.0% from 2012 to 2021. Canada (-9.7%) illustrated a downward trend over the same period. While the share of the United States (+26 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-26 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported inks (excluding printing ink) in Northern America, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 24% share of total imports.

In the United States, ink imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -10.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2014 an increase of 18%. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.3%).

Source: IndexBox Platform

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