United Arab Emirates: Color Printing Ink Market 2024

Color Printing Ink Market Size in the United Arab Emirates

The color printing ink market in the United Arab Emirates rose remarkably to $X in 2022, growing by 14% 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. Color printing ink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Color Printing Ink Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of color printing ink decreased by -50.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 27% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, color printing ink exports fell to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burundi (X tons), Mauritius (X tons) and Armenia (X tons) were the main destinations of color printing ink exports from the United Arab Emirates, together accounting for 63% 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 Mauritius (with a CAGR of +130.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for color printing ink exported from the United Arab Emirates were Mauritius ($X), Burundi ($X) and Tanzania ($X), together accounting for 56% of total exports.

In terms of the main countries of destination, Mauritius, with a CAGR of +100.3%, recorded 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 color printing ink export price stood at $X per ton in 2022, with an increase of 93% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Armenia ($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 Egypt (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into the United Arab Emirates

In 2022, color printing ink imports into the United Arab Emirates contracted to X tons, with a decrease of -9.1% against 2021. Over the period under review, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2019 with an increase of 31%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, color printing ink imports reduced to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest color printing ink supplier to the United Arab Emirates, with a 40% share of total imports. Moreover, color printing ink imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.1% per year) and South Korea (+4.5% per year).

In value terms, India ($X), the Netherlands ($X) and Germany ($X) constituted the largest color printing ink suppliers to the United Arab Emirates, together accounting for 40% of total imports. China, South Korea, Belgium, the UK, Japan, Italy, Sweden and Turkey lagged somewhat behind, together accounting for a further 23%.

China, with a CAGR of +15.5%, 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

In 2022, the average color printing ink import price amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform