Thailand: Black Printing Ink Market 2024

Black Printing Ink Market Size in Thailand

The Thai black printing ink market stood at $X in 2022, picking up by 11% 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). Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +15.7% against 2016 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Black Printing Ink Exports

Exports from Thailand

In 2022, approx. X tons of black printing ink were exported from Thailand; dropping by -13.5% on 2021 figures. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, black printing ink exports stood at $X in 2022. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2017 when exports increased by 36% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for black printing ink exports from Thailand, accounting for a 38% share of total exports. Moreover, black printing ink exports to India exceeded the volume sent to the second major destination, Bangladesh (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+23.0% per year) and China (+23.3% per year).

In value terms, India ($X), Myanmar ($X) and China ($X) constituted the largest markets for black printing ink exported from Thailand worldwide, with a combined 47% share of total exports. Indonesia, the Netherlands, Bangladesh, Vietnam, Malaysia, Australia, Singapore, Turkey, Lao People's Democratic Republic and the Philippines lagged somewhat behind, together comprising a further 38%.

Australia, with a CAGR of +81.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, with an increase of 25% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to the Philippines ($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 Myanmar (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into Thailand

In 2022, imports of black printing ink into Thailand soared to X tons, growing by 17% compared with 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports shrank slightly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 12%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of black printing ink imports to Thailand, with a combined 70% share of total imports. Germany, the United States, Malaysia, the Philippines and India lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +132.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of black printing ink to Thailand, comprising 36% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.8% per year) and the United States (+0.2% per year).

Import Prices by Country

In 2022, the average black printing ink import price amounted to $X per ton, waning by -15% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 31%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for South Korea ($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 United States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform