Tunisia: Color Printing Ink Market 2024

Color Printing Ink Market Size in Tunisia

In 2022, after five years of growth, there was significant decline in the Tunisian color printing ink market, when its value decreased by -12% to $X. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +78.8% against 2016 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Color Printing Ink Exports

Exports from Tunisia

In 2022, overseas shipments of color printing ink increased by 59% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when exports increased by 407%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, color printing ink exports surged to $X in 2022. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 319% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Algeria (X tons), Libya (X tons) and Italy (X kg) were the main destinations of color printing ink exports from Tunisia, together comprising 95% of total exports. These countries were followed by Senegal, which accounted for a further 1.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +46.3%), while the other leaders experienced mixed trend patterns.

In value terms, Algeria ($X) remains the key foreign market for color printing ink exports from Tunisia, comprising 47% of total exports. The second position in the ranking was held by Libya ($X), with a 16% share of total exports. It was followed by Italy, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to Algeria amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-9.7% per year) and Italy (+10.3% per year).

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, dropping by -19.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 55%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Libya ($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 Algeria (+5.6%), while the prices for the other major destinations experienced a decline.

Color Printing Ink Imports

Imports into Tunisia

In 2022, after five years of growth, there was significant decline in overseas purchases of color printing ink, when their volume decreased by -9.9% to X tons. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +72.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, color printing ink imports dropped to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +79.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest color printing ink supplier to Tunisia, accounting for a 33% share of total imports. Moreover, color printing ink imports from France exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+39.6% per year) and Italy (+1.1% per year).

In value terms, the largest color printing ink suppliers to Tunisia were France ($X), Germany ($X) and Italy ($X), with a combined 62% share of total imports. China, Turkey, the UK, the Netherlands, Belgium, Egypt, Spain, Saudi Arabia and Luxembourg lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +66.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, which is down by -2.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform