U.S.: Ink Market 2024

Ink Market Size in the U.S.

In 2021, the U.S. ink market decreased by -1% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, saw a prominent increase. Ink consumption peaked at $X in 2020, and then dropped slightly in the following year.

Ink Production in the U.S.

In value terms, ink production dropped slightly to $X in 2021. Overall, production, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 25% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then declined slightly in the following year.

Ink Exports

Exports from the U.S.

In 2021, overseas shipments of inks (excluding printing ink) were finally on the rise to reach X tons after seven years of decline. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 7.8%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, ink exports surged to $X in 2021. In general, exports, however, saw a perceptible curtailment. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of ink exports from the United States, with a combined 55% share of total exports. Hong Kong SAR, Malaysia, Japan, Germany, Taiwan (Chinese), the UK, Singapore, Spain, the Dominican Republic and the Netherlands lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +6.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) constituted the largest markets for ink exported from the United States worldwide, together comprising 36% of total exports. These countries were followed by Japan, Hong Kong SAR, Germany, the UK, Singapore, Malaysia, the Netherlands, Taiwan (Chinese), the Dominican Republic and Spain, which together accounted for a further 36%.

In terms of the main countries of destination, Japan, with a CAGR of +14.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ink export price stood at $X per ton in 2021, rising by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2015 an increase of 19% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into the U.S.

In 2021, approx. X tons of inks (excluding printing ink) were imported into the United States; rising by 26% compared with the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern 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, ink imports expanded slightly to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 19%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Costa Rica (X tons), China (X tons) and Germany (X tons) were the main suppliers of ink imports to the United States, together accounting for 63% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Costa Rica (with a CAGR of +320.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Costa Rica ($X) and China ($X) constituted the largest ink suppliers to the United States, with a combined 53% share of total imports.

Among the main suppliers, Costa Rica, with a CAGR of +171.6%, 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 ink import price stood at $X per ton in 2021, waning by -16.7% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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