Report Update Nov 1, 2024

Singapore - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Ink Market 2024

Ink Market Size in Singapore

For the fifth year in a row, the Singaporean ink market recorded growth in sales value, which increased by 47% to $X in 2021. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Ink Exports

Exports from Singapore

In 2021, overseas shipments of inks (excluding printing ink) increased by 55% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, showed a slight slump. The most prominent rate of growth was recorded in 2020 with an increase of 97% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ink exports skyrocketed to $X in 2021. In general, exports saw mild growth. The pace of growth was the most pronounced in 2020 with an increase of 111%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tons), Hong Kong SAR (X tons) and the UK (X tons) were the main destinations of ink exports from Singapore, together comprising 56% of total exports. These countries were followed by Germany, Thailand, Indonesia, the Netherlands, Myanmar, India, Poland, Vietnam, Bangladesh and Taiwan (Chinese), which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +90.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Malaysia ($X) and Hong Kong SAR ($X) were the largest markets for ink exported from Singapore worldwide, together comprising 23% of total exports. Thailand, the UK, Poland, the Netherlands, Indonesia, India, Vietnam, Myanmar, Taiwan (Chinese) and Bangladesh lagged somewhat behind, together comprising a further 8.7%.

In terms of the main countries of destination, Poland, with a CAGR of +93.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ink export price stood at $X per ton in 2021, with a decrease of -12.3% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 33% against the previous year. The export price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Singapore

In 2021, supplies from abroad of inks (excluding printing ink) increased by 46% to X tons, rising for the fifth consecutive year after four years of decline. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, ink imports soared to $X in 2021. Overall, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 96%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Malaysia (X tons) and Japan (X tons) were the main suppliers of ink imports to Singapore, with a combined 58% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +18.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and Japan ($X) were the largest ink suppliers to Singapore, together accounting for 72% of total imports.

Malaysia, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average ink import price amounted to $X per ton, surging by 4.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 16%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inks (excluding printing ink) in the world?

The countries with the highest volumes of ink consumption in 2021 were China, the United States and India, together accounting for 39% of global consumption. These countries were followed by Greece, Indonesia, Japan, France, Thailand, the Philippines, Singapore, Germany, Saudi Arabia and Turkey, which together accounted for a further 27%.

What are the largest producers of inks (excluding printing ink) in the world?

The countries with the highest volumes of ink production in 2021 were China, the United States and India, with a combined 53% share of global production. Japan, Greece, the Philippines, Germany, Indonesia, South Korea, France, the UK, Spain and Saudi Arabia lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of inks (excluding printing ink) to Singapore?

In value terms, the largest ink suppliers to Singapore were France, Malaysia and Japan, together comprising 69% of total imports.

What are the leading importers of inks (excluding printing ink) from Singapore?

In value terms, Germany remains the key foreign market for ink exports from Singapore, comprising 29% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 9.5% share of total exports. It was followed by the Netherlands, with a 5.9% share.

What is the average export price for inks (excluding printing ink) in Singapore?

The average ink export price stood at $37,001 per ton in 2021, growing by 7.1% against the previous year.

What is the average import price for inks (excluding printing ink) in Singapore?

The average ink import price stood at $13,683 per ton in 2021, declining by -8.8% against the previous year.

This report provides an in-depth analysis of the ink market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20593000 - Inks (excluding printing ink)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023