South Africa: Ink Market 2024

Ink Market Size in South Africa

The South African ink market surged to $X in 2021, jumping by 35% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +46.1% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ink Production in South Africa

In value terms, ink production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a mild increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 56% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Ink Exports

Exports from South Africa

In 2021, overseas shipments of inks (excluding printing ink) increased by 19% to X tons, rising for the third year in a row after four years of decline. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 32%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ink exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 101%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons), Namibia (X tons) and Swaziland (X tons) were the main destinations of ink exports from South Africa, together comprising 47% of total exports. Zambia, Angola, Zimbabwe, Mauritius, Mozambique, Kenya, Mexico, Tanzania, the Czech Republic and the UK lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Zambia (with a CAGR of +19.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Namibia ($X) and Zimbabwe ($X) appeared to be the largest markets for ink exported from South Africa worldwide, together accounting for 42% of total exports. Zambia, Swaziland, Angola, the Czech Republic, Kenya, Mexico, Tanzania, Mozambique, Mauritius and the UK lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Mexico, with a CAGR of +18.2%, saw the highest rates of growth with regard to 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 an increase of 15% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 52% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 the Czech Republic ($X per ton), while the average price for exports to Swaziland ($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 the UK (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into South Africa

In 2021, imports of inks (excluding printing ink) into South Africa surged to X tons, growing by 80% against the previous year's figure. Over the period under review, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink imports skyrocketed to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 49% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of ink to South Africa, accounting for a 44% share of total imports. Moreover, ink imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.8% per year) and China (+7.6% per year).

In value terms, Japan ($X) constituted the largest supplier of inks (excluding printing ink) to South Africa, comprising 42% of total imports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+46.0% per year) and Germany (+11.1% per year).

Import Prices by Country

In 2021, the average ink import price amounted to $X per ton, reducing by -28.7% against the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, 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 Indonesia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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