Southern Asia: Printing Ink Market 2024

Printing Ink Market Size in Southern Asia

The South Asian printing ink market expanded modestly to $X in 2022, increasing by 3.5% against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Printing Ink Production in Southern Asia

In value terms, printing ink production expanded modestly to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 87% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Printing Ink Exports

Exports in Southern Asia

In 2022, approx. X tons of printing ink were exported in Southern Asia; which is down by -12.7% against the year before. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, printing ink exports rose slightly to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +43.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 39%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from India (X tons), together accounting for 100% of total export.

India was also the fastest-growing in terms of the printing ink exports, with a CAGR of +2.6% 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 printing ink supplier in Southern Asia.

In India, printing ink exports expanded at an average annual rate of +5.3% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. 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 +2.6% per year.

Printing Ink Imports

Imports in Southern Asia

In 2022, approx. X tons of printing ink were imported in Southern Asia; reducing by -2.2% on the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +17.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, printing ink imports reached $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +33.1% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 45%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Bangladesh (X tons) and India (X tons) represented roughly 71% of total imports in 2022. Pakistan (X tons) ranks next in terms of the total imports with a 15% share, followed by Nepal (8.6%) and Sri Lanka (5.4%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +10.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported printing ink in Southern Asia, comprising 55% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 23% share of total imports. It was followed by Pakistan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +4.7%. In the other countries, the average annual rates were as follows: Bangladesh (+10.0% per year) and Pakistan (+10.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by 3.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

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 (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :