Oman: Black Printing Ink Market 2024

Black Printing Ink Market Size in Oman

The Omani black printing ink market declined sharply to $X in 2022, waning by -18.2% 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 saw a deep reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Black Printing Ink Exports

Exports from Oman

Black printing ink exports from Oman soared to X tons in 2022, growing by 165% against the year before. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 260%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 769% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for black printing ink exports from Oman, with a 96% share of total exports. Moreover, black printing ink exports to Yemen exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Yemen totaled +97.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+103.0% per year) and Kuwait (-37.4% per year).

In value terms, Yemen ($X) emerged as the key foreign market for black printing ink exports from Oman, comprising 67% of total exports. The second position in the ranking was taken by Qatar ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Yemen amounted to +73.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+162.4% per year) and Kuwait (-7.8% per year).

Export Prices by Country

The average black printing ink export price stood at $X per ton in 2022, surging by 13% against the previous year. Overall, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 142%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Yemen ($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 Kuwait (+47.1%), while the prices for the other major destinations experienced mixed trend patterns.

Black Printing Ink Imports

Imports into Oman

In 2022, the amount of black printing ink imported into Oman dropped to X tons, which is down by -6.2% on 2021 figures. Over the period under review, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 when imports increased by 238% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports reached $X in 2022. Overall, imports saw a slight curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 259% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest black printing ink supplier to Oman, with a 52% share of total imports. Moreover, black printing ink imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.1% per year) and the Netherlands (+7.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of black printing ink to Oman, comprising 47% of total imports. The second position in the ranking was taken by India ($X), with an 8.7% share of total imports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.4% per year) and the Netherlands (-5.0% per year).

Import Prices by Country

In 2022, the average black printing ink import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price posted a measured increase. The most prominent rate of growth was recorded in 2020 an increase of 26%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for India ($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 Arab Emirates (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform