Pakistan: Black Printing Ink Market 2024

Black Printing Ink Market Size in Pakistan

After four years of decline, the Pakistani black printing ink market increased by 1.5% to $X in 2022. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Black Printing Ink Exports

Exports from Pakistan

In 2022, exports of black printing ink from Pakistan soared to X tons, with an increase of 776% on the previous year's figure. Overall, exports, however, showed a pronounced downturn. The growth pace was the most rapid in 2018 when exports increased by 3,850% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, black printing ink exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 3,937%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for black printing ink exports from Pakistan, with a 84% share of total exports. Moreover, black printing ink exports to Bahrain exceeded the volume sent to the second major destination, Bangladesh (X kg), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-10.1% per year) and Djibouti (-6.0% per year).

In value terms, Bahrain ($X) remains the key foreign market for black printing ink exports from Pakistan, comprising 54% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bahrain stood at -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-11.9% per year) and Djibouti (-20.1% per year).

Export Prices by Country

The average black printing ink export price stood at $X per ton in 2022, growing by 51% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Djibouti ($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 Bangladesh (-2.1%), while the prices for the other major destinations experienced a decline.

Black Printing Ink Imports

Imports into Pakistan

In 2022, overseas purchases of black printing ink increased by 7.3% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 59%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, black printing ink imports stood at $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -35.5% against 2017 indices. The most prominent rate of growth was recorded 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 failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Singapore (X tons) were the main suppliers of black printing ink imports to Pakistan, with a combined 42% share of total imports. Taiwan (Chinese), Germany, Vietnam, Italy, the Netherlands, Switzerland, Japan, Turkey, France and the United States lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +44.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest black printing ink suppliers to Pakistan were Italy ($X), South Korea ($X) and Switzerland ($X), together comprising 32% of total imports. China, Singapore, Turkey, the Netherlands, Vietnam, Taiwan (Chinese), Germany, Japan, the United States and France lagged somewhat behind, together comprising a further 53%.

Turkey, with a CAGR of +53.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average black printing ink import price amounted to $X per ton, which is down by -6.3% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 import price decreased by -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform