United Arab Emirates: Black Printing Ink Market 2024

Black Printing Ink Market Size in the United Arab Emirates

In 2022, after three years of growth, there was decline in the black printing ink market in the United Arab Emirates, when its value decreased by -2.3% to $X. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +14.9% against 2018 indices. Black printing ink consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Black Printing Ink Production in the United Arab Emirates

In value terms, black printing ink production surged to $X in 2022 estimated in export price. Overall, production recorded moderate growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 107%. Black printing ink production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Black Printing Ink Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of black printing ink was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 81%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports expanded sharply to $X in 2022. Overall, exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2017 with an increase of 150% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Burundi (X tons) and India (X tons) were the main destinations of black printing ink exports from the United Arab Emirates, with a combined 43% share 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 France (with a CAGR of +185.7%), while the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X) emerged as the key foreign market for black printing ink exports from the United Arab Emirates, comprising 24% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Mozambique amounted to +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+116.3% per year) and the Netherlands (+45.5% per year).

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, approximately mirroring the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 decreased by -4.4% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 74%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Burundi ($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 Mozambique (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of black printing ink were imported into the United Arab Emirates; dropping by -4.6% against the previous year. In general, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2019 with an increase of 45% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports reduced to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +52.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 78%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of black printing ink to the United Arab Emirates, accounting for a 25% share of total imports. Moreover, black printing ink imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.4% per year) and South Korea (-2.0% per year).

In value terms, India ($X), the Netherlands ($X) and Japan ($X) were the largest black printing ink suppliers to the United Arab Emirates, with a combined 32% share of total imports. France, Germany, the UK, South Korea, China, Belgium, Italy, Sweden and Turkey lagged somewhat behind, together comprising a further 28%.

Turkey, with a CAGR of +21.8%, recorded 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

The average black printing ink import price stood at $X per ton in 2022, which is down by -3.6% against the previous year. Over the period under review, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform