Tanzania: Color Printing Ink Market 2024

Color Printing Ink Market Size in Tanzania

In 2022, the Tanzanian color printing ink market increased by 57% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.6% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Color Printing Ink Exports

Exports from Tanzania

In 2022, overseas shipments of color printing ink increased by 88% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 4,505% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, color printing ink exports surged to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 1,853%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Zambia (X tons), Kenya (X tons) and Rwanda (X tons) were the main destinations of color printing ink exports from Tanzania, together accounting for 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +24.1%), while the other leaders experienced mixed trend patterns.

In value terms, Zambia ($X) remains the key foreign market for color printing ink exports from Tanzania, comprising 56% of total exports. The second position in the ranking was taken by Kenya ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia stood at +37.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+25.8% per year) and Rwanda (-9.7% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed strong growth. The pace of growth was the most pronounced in 2013 an increase of 598%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Kenya ($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 Democratic Republic of the Congo (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Tanzania

In 2022, overseas purchases of color printing ink increased by 57% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, color printing ink imports soared to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value 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 +74.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kenya (X tons), India (X tons) and China (X tons) were the main suppliers of color printing ink imports to Tanzania, together comprising 79% of total imports. South Africa, Turkey, Belgium, the United Arab Emirates and the UK lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +38.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), India ($X) and South Africa ($X) appeared to be the largest color printing ink suppliers to Tanzania, together accounting for 68% of total imports. Turkey, Belgium, China, the United Arab Emirates and the UK lagged somewhat behind, together comprising a further 21%.

Turkey, with a CAGR of +48.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average color printing ink import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform