U.S.: Black Printing Ink Market 2024

Black Printing Ink Market Size in the U.S.

The U.S. black printing ink market expanded slightly to $X in 2022, growing by 3.4% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 -5.7% against 2020 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Black Printing Ink Production in the U.S.

In value terms, black printing ink production rose modestly to $X in 2022. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Black Printing Ink Exports

Exports from the U.S.

In 2022, shipments abroad of black printing ink increased by 0.7% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, black printing ink exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons), Malaysia (X tons) and Singapore (X tons) were the main destinations of black printing ink exports from the United States, together accounting for 65% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +37.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for black printing ink exported from the United States were Canada ($X), Malaysia ($X) and Singapore ($X), together comprising 43% of total exports.

Malaysia, with a CAGR of +41.3%, saw the highest growth rate of 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, rising by 7.7% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink export price increased by +66.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Canada ($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 Hong Kong SAR (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into the U.S.

Black printing ink imports into the United States contracted to X tons in 2022, declining by -6.8% against the year before. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 20%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, black printing ink imports reduced to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +48.6% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by 24%. Imports peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

Japan (X tons), Germany (X tons) and India (X tons) were the main suppliers of black printing ink imports to the United States, together accounting for 41% of total imports. Singapore, South Korea, the UK, the Philippines, Canada, Switzerland, Spain, Costa Rica, Italy and Israel lagged somewhat behind, together accounting for a further 47%.

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 +71.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest black printing ink suppliers to the United States were Japan ($X), the UK ($X) and Singapore ($X), with a combined 48% share of total imports. The Philippines, Germany, Israel, India, South Korea, Canada, Italy, Spain, Switzerland and Costa Rica lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, the Philippines, with a CAGR of +51.7%, saw the highest growth rate of 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 black printing ink import price stood at $X per ton in 2022, rising by 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2013 an increase of 9.5%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform