South-Eastern Asia: Ink-Pad Market 2024

Ink-Pad Market Size in South-Eastern Asia

After six years of decline, the Southeast Asian ink-pad market increased by 2.5% to $X in 2022. Over the period under review, consumption, however, recorded a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ink-Pad Production in South-Eastern Asia

In value terms, ink-pad production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 7.9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ink-Pad Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of ink-pads increased by 4% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 48% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ink-pad exports rose notably to $X in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 40% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Vietnam (X units) was the main exporter of ink-pads, comprising 44% of total exports. Malaysia (X units) held the second position in the ranking, distantly followed by Singapore (X units) and Thailand (X units). All these countries together took approx. 54% share of total exports. Indonesia (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +13.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Vietnam ($X) remains the largest ink-pad supplier in South-Eastern Asia, comprising 50% of total exports. The second position in the ranking was taken by Thailand ($X), with a 21% share of total exports. It was followed by Malaysia, with a 15% share.

In Vietnam, ink-pad exports shrank by an average annual rate of -2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-5.3% per year) and Malaysia (-8.3% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, remaining stable against the previous year. Overall, the export price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2020 an increase of 18%. The level of export peaked at $X per unit in 2014; however, from 2015 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 Thailand ($X per unit), while Indonesia (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.6%), while the other leaders experienced a decline in the export price figures.

Ink-Pad Imports

Imports in South-Eastern Asia

In 2022, imports of ink-pads in South-Eastern Asia rose significantly to X units, surging by 11% on the previous year's figure. Over the period under review, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ink-pad imports surged to $X in 2022. In general, imports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of 49%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units) was the key importer of ink-pads, constituting 53% of total imports. Malaysia (X units) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (9.9%) and Singapore (4.5%). The Philippines (X units) and Thailand (X units) held a minor share of total imports.

Indonesia was also the fastest-growing in terms of the ink-pads imports, with a CAGR of +9.0% from 2012 to 2022. At the same time, Vietnam (+4.2%) and Malaysia (+2.3%) displayed positive paces of growth. By contrast, Thailand (-6.5%), Singapore (-12.6%) and the Philippines (-25.3%) illustrated a downward trend over the same period. While the share of Indonesia (+40 p.p.), Malaysia (+12 p.p.) and Vietnam (+6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-5.8 p.p.) and the Philippines (-40.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ink-pad importing markets in South-Eastern Asia were Malaysia ($X), Vietnam ($X) and Indonesia ($X), together comprising 78% of total imports.

Indonesia, with a CAGR of +21.9%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, rising by 22% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ink-pad import price increased by +72.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 55%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+30.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :