Tanzania: Black Printing Ink Market 2024

Black Printing Ink Market Size in Tanzania

The Tanzanian black printing ink market soared to $X in 2022, picking up by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.4% against 2019 indices. Black printing ink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Black Printing Ink Exports

Exports from Tanzania

Black printing ink exports from Tanzania surged to X kg in 2022, increasing by 35% against the year before. Overall, exports, however, showed a perceptible contraction. The growth pace was the most rapid in 2014 with an increase of 343% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, black printing ink exports surged to $X in 2022. Over the period under review, exports recorded a resilient expansion. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X kg) was the main destination for black printing ink exports from Tanzania, accounting for a 54% share of total exports. Moreover, black printing ink exports to Rwanda exceeded the volume sent to the second major destination, Uganda (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda amounted to +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+22.4% per year) and Zambia (+11.2% per year).

In value terms, Uganda ($X) emerged as the key foreign market for black printing ink exports from Tanzania, comprising 80% of total exports. The second position in the ranking was held by Rwanda ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uganda totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+15.8% per year) and Zambia (-0.7% per year).

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, with an increase of 404% against the previous year. Over the period under review, the export price continues to indicate prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Black Printing Ink Imports

Imports into Tanzania

In 2022, approx. X tons of black printing ink were imported into Tanzania; growing by 5.7% compared with the year before. Over the period under review, imports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2013 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, black printing ink imports surged to $X in 2022. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 132% against the previous year. As a result, imports reached the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

Kenya (X tons), India (X tons) and China (X tons) were the main suppliers of black printing ink imports to Tanzania, with a combined 73% share of total imports. Switzerland, Belgium, the Netherlands, Indonesia, the UK, Sweden, the Philippines, South Africa and the United Arab Emirates lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +73.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of black printing ink to Tanzania, comprising 62% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by Kenya, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland amounted to +86.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.8% per year) and Kenya (+6.8% per year).

Import Prices by Country

The average black printing ink import price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period under review, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 104%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform