South-Eastern Asia: Black Printing Ink Market 2024

Black Printing Ink Market Size in South-Eastern Asia

In 2022, the Southeast Asian black printing ink market increased by 1.2% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Black Printing Ink Production in South-Eastern Asia

In value terms, black printing ink production declined to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 6.9% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Black Printing Ink Exports

Exports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of black printing ink, when their volume decreased by -22.6% to X tons. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.3% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, black printing ink exports shrank notably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 59%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

In 2022, Singapore (X tons) was the key exporter of black printing ink, making up 55% of total exports. The Philippines (X tons) ranks second in terms of the total exports with a 25% share, followed by Malaysia (8.2%) and Indonesia (4.6%). The following exporters - Vietnam (X tons) and Thailand (X tons) - each recorded a 7.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to black printing ink exports from Singapore stood at +3.2%. At the same time, the Philippines (+41.8%), Vietnam (+18.6%), Indonesia (+10.2%) and Malaysia (+7.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +41.8% from 2012-2022. By contrast, Thailand (-11.3%) illustrated a downward trend over the same period. While the share of the Philippines (+24 p.p.), Vietnam (+2.8 p.p.) and Indonesia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-12.9 p.p.) and Thailand (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest black printing ink supplier in South-Eastern Asia, comprising 70% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 18% share of total exports. It was followed by Malaysia, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+32.1% per year) and Malaysia (+3.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, reducing by -4.6% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2017 an increase of 18%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.1%), while the other leaders experienced a decline in the export price figures.

Black Printing Ink Imports

Imports in South-Eastern Asia

Black printing ink imports contracted to X tons in 2022, remaining constant against the previous year. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, black printing ink imports fell to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 19%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons), Malaysia (X tons), the Philippines (X tons), Indonesia (X tons), Thailand (X tons) and Vietnam (X tons) was the main importer of black printing ink in South-Eastern Asia, creating 96% of total import. Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +8.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 60% share of total imports. Indonesia, Thailand, Vietnam and Myanmar lagged somewhat behind, together comprising a further 40%.

Vietnam, with a CAGR of +12.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, reducing by -5.1% against the previous year. Over the period under review, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 7.9%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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