SADC: Black Printing Ink Market 2024

Black Printing Ink Market Size in SADC

The SADC black printing ink market rose sharply to $X in 2022, increasing by 6.6% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Black Printing Ink Production in SADC

In value terms, black printing ink production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 39%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Black Printing Ink Exports

Exports in SADC

In 2022, exports of black printing ink in SADC was estimated at X tons, growing by 7.1% against 2021 figures. In general, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, black printing ink exports rose notably to $X in 2022. Overall, exports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2016 when exports increased by 26%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, accounting for X tons, which was approx. 95% of total exports in 2022. Mauritius (X tons) held a little share of total exports.

Exports from South Africa decreased at an average annual rate of -4.6% from 2012 to 2022. At the same time, Mauritius (+14.7%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of +14.7% from 2012-2022. Mauritius (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest black printing ink supplier in SADC, comprising 95% of total exports. The second position in the ranking was held by Mauritius ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -4.4%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, surging by 1.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritius totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+2.6%).

Black Printing Ink Imports

Imports in SADC

Black printing ink imports reduced to X tons in 2022, declining by -1.7% compared with the previous year. In general, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, black printing ink imports totaled $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 34%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the main importer of black printing ink in SADC, with the volume of imports recording X tons, which was near 67% of total imports in 2022. Angola (X tons) took the second position in the ranking, followed by Tanzania (X tons). All these countries together held near 18% share of total imports. The following importers - Madagascar (X tons), Namibia (X tons), Malawi (X tons) and Zambia (X tons) - each reached an 8.1% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to black printing ink imports into South Africa stood at -6.4%. At the same time, Angola (+25.4%), Malawi (+5.5%) and Madagascar (+4.3%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in SADC, with a CAGR of +25.4% from 2012-2022. Namibia and Zambia experienced a relatively flat trend pattern. By contrast, Tanzania (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Angola increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported black printing ink in SADC, comprising 68% of total imports. The second position in the ranking was taken by Angola ($X), with an 11% share of total imports. It was followed by Tanzania, with a 7% share.

In South Africa, black printing ink imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (+13.2% per year) and Tanzania (+9.3% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, surging by 15% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform