Pakistan: Color Printing Ink Market 2024

Color Printing Ink Market Size in Pakistan

The Pakistani color printing ink market fell dramatically to $X in 2022, dropping by -15.2% 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). Overall, consumption, however, recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Color Printing Ink Exports

Exports from Pakistan

In 2022, approx. X tons of color printing ink were exported from Pakistan; waning by -48.6% on the previous year. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2015 when exports increased by 212% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, color printing ink exports reduced sharply to $X in 2022. Overall, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 45%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for color printing ink exports from Pakistan, with a 52% share of total exports. Moreover, color printing ink exports to Bahrain exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. The third position in this ranking was held by Oman (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to -21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-24.4% per year) and Oman (-14.4% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for color printing ink exports from Pakistan, comprising 56% of total exports. The second position in the ranking was held by Oman ($X), with a 19% share of total exports. It was followed by Bangladesh, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain stood at -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-10.4% per year) and Bangladesh (-26.1% per year).

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, increasing by 13% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahrain ($X per ton) and Oman ($X per ton), while the average price for exports to Sri Lanka ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+644.1%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Pakistan

In 2022, overseas purchases of color printing ink decreased by -5.9% to X tons, falling for the fourth consecutive year after five years of growth. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 85%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, color printing ink imports contracted markedly to $X in 2022. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 51% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of color printing ink to Pakistan, accounting for a 38% share of total imports. Moreover, color printing ink imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+8.6% per year) and South Korea (+2.0% per year).

In value terms, the largest color printing ink suppliers to Pakistan were Switzerland ($X), China ($X) and South Korea ($X), together accounting for 72% of total imports. The Netherlands, Vietnam, Turkey, the UK and Germany lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Turkey, with a CAGR of +83.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, shrinking by -12.5% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 35% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 Switzerland (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform