Saudi Arabia: Color Printing Ink Market 2024

Color Printing Ink Market Size in Saudi Arabia

The Saudi color printing ink market skyrocketed to $X in 2022, picking up by 16% 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 recorded a strong increase. Color printing ink consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Color Printing Ink Exports

Exports from Saudi Arabia

In 2022, approx. X tons of color printing ink were exported from Saudi Arabia; growing by 19% on 2021 figures. Overall, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 176%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, color printing ink exports expanded markedly to $X in 2022. Over the period under review, exports, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 157% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons), the United Arab Emirates (X tons) and Bahrain (X tons) were the main destinations of color printing ink exports from Saudi Arabia, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +51.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X) remains the key foreign market for color printing ink exports from Saudi Arabia, comprising 44% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Kuwait, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Algeria stood at +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-12.2% per year) and Kuwait (+39.0% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, falling by -5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Kuwait (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Saudi Arabia

In 2022, the amount of color printing ink imported into Saudi Arabia rose sharply to X tons, increasing by 14% against 2021. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, color printing ink imports soared to $X in 2022. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 177% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of color printing ink imports to Saudi Arabia, together accounting for 43% of total imports. Japan, the United Arab Emirates, Lebanon, Turkey, the UK, India, Jordan, Spain, Taiwan (Chinese) and Italy lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +24.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink suppliers to Saudi Arabia were Japan ($X), China ($X) and Germany ($X), together comprising 67% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +43.6%, 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, surging by 4.9% against the previous year. In general, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 93% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 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 Japan ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform