Oman: Printing Ink Market 2024

Printing Ink Market Size in Oman

The Omani printing ink market declined to $X in 2022, with a decrease of -5.7% 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 relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Printing Ink Exports

Exports from Oman

In 2022, approx. X tons of printing ink were exported from Oman; increasing by 9.5% against 2021 figures. In general, exports, however, recorded a pronounced setback. The growth pace was the most rapid in 2018 with an increase of 82%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, printing ink exports rose significantly to $X in 2022. Overall, exports posted modest growth. The pace of growth appeared the most rapid in 2017 when exports increased by 59% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for printing ink exports from Oman, accounting for a 92% share of total exports. Moreover, printing ink exports to Yemen exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold. Ethiopia (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-13.2% per year) and Ethiopia (+11.4% per year).

In value terms, Yemen ($X) remains the key foreign market for printing ink exports from Oman, comprising 82% of total exports. The second position in the ranking was held by Qatar ($X), with a 12% share of total exports. It was followed by Ethiopia, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled +45.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-16.4% per year) and Ethiopia (+41.4% per year).

Export Prices by Country

The average printing ink export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2019 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Ethiopia (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Ink Imports

Imports into Oman

Printing ink imports into Oman shrank to X tons in 2022, reducing by -9.7% on 2021 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing ink imports reduced slightly to $X in 2022. Over the period under review, imports saw a mild downturn. The pace of growth was the most pronounced in 2015 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X. From 2016 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 printing ink supplier to Oman, with a 65% share of total imports. Moreover, printing ink imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Pakistan (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.6% per year) and Pakistan (+3.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of printing ink to Oman, comprising 50% of total imports. The second position in the ranking was taken by India ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.4% per year) and the Netherlands (-14.3% per year).

Import Prices by Country

The average printing ink import price stood at $X per ton in 2022, picking up by 9.7% against the previous year. Overall, the import price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 45%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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