South-Eastern Asia: Printing Ink Market 2024

Printing Ink Market Size in South-Eastern Asia

The Southeast Asian printing ink market fell slightly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Printing Ink Production in South-Eastern Asia

In value terms, printing ink production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 15%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Printing Ink Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of printing ink were exported in South-Eastern Asia; shrinking by -6.1% on the previous year. The total export volume increased at an average annual rate of +3.7% over the period 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 2014 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, printing ink exports contracted to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 22%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X tons), distantly followed by Indonesia (X tons), Malaysia (X tons), the Philippines (X tons) and Thailand (X tons) were the key exporters of printing ink, together making up 97% of total exports. Vietnam (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +23.2%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest printing ink supplier in South-Eastern Asia, comprising 53% of total exports. The second position in the ranking was held by Indonesia ($X), with a 17% share of total exports. It was followed by the Philippines, with a 14% share.

In Singapore, printing ink exports expanded at an average annual rate of +1.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+12.6% per year) and the Philippines (+1.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price saw a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of 11%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($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 (+1.5%), while the other leaders experienced a decline in the export price figures.

Printing Ink Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of printing ink were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 9.9%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, printing ink imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 7.5% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the six major importers of printing ink, namely Vietnam, Indonesia, Malaysia, Singapore, Thailand and the Philippines, represented more than two-thirds of total import. It was distantly followed by Myanmar (X tons), committing a 4.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +4.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printing ink importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Malaysia ($X), together comprising 55% of total imports. Vietnam, Singapore, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 44%.

The Philippines, with a CAGR of +8.9%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -8.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 8% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined in the following year.

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 the Philippines (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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