Southern Asia: Black Printing Ink Market 2024

Black Printing Ink Market Size in Southern Asia

The South Asian black printing ink market stood at $X in 2022, surging by 3% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the market value increased by 9.3% against the previous year. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Black Printing Ink Production in Southern Asia

In value terms, black printing ink production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Black Printing Ink Exports

Exports in Southern Asia

Black printing ink exports declined to X tons in 2022, which is down by -14.3% on 2021 figures. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports rose significantly to $X in 2022. Over the period under review, exports saw a pronounced slump. The growth pace was the most rapid in 2021 when exports increased by 45%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) represented roughly 99.9% of total exports in 2022.

India was also the fastest-growing in terms of the black printing ink exports, with a CAGR of -5.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest black printing ink supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled -3.9%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by 23% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink export price increased by +75.7% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.2% per year.

Black Printing Ink Imports

Imports in Southern Asia

In 2022, purchases abroad of black printing ink increased by 6.9% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, black printing ink imports expanded sharply to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

India represented the largest importing country with an import of around X tons, which finished at 57% of total imports. It was distantly followed by Bangladesh (X tons), Pakistan (X tons), Nepal (X tons) and Sri Lanka (X tons), together creating a 43% share of total imports.

Imports into India increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, Nepal (+15.7%) and Bangladesh (+6.3%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.7% from 2012-2022. By contrast, Pakistan (-4.1%) and Sri Lanka (-4.2%) illustrated a downward trend over the same period. Bangladesh (+6 p.p.), India (+5.5 p.p.) and Nepal (+5.2 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Pakistan saw its share reduced by -4.5% and -10.3% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported black printing ink in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 12% share of total imports. It was followed by Pakistan, with a 6.8% share.

In India, black printing ink imports expanded at an average annual rate of +9.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+8.5% per year) and Pakistan (+1.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink import price increased by +41.6% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 26% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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