United Arab Emirates: Ink Market 2024

Ink Market Size in the United Arab Emirates

In 2021, the ink market in the United Arab Emirates increased by 111% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption posted strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ink Production in the United Arab Emirates

In value terms, ink production declined significantly to $X in 2021 estimated in export price. Overall, production, however, saw a strong expansion. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Ink Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of inks (excluding printing ink) were exported from the United Arab Emirates; declining by -3.3% compared with 2020 figures. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 156% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, ink exports surged to $X in 2021. In general, exports continue to indicate a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Angola (X tons), Senegal (X tons) and Oman (X tons) were the main destinations of ink exports from the United Arab Emirates, with a combined 55% share of total exports. These countries were followed by the Netherlands, Saudi Arabia, India, Burundi, Nigeria, Pakistan, Mozambique, Tanzania, Malawi and Kuwait, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +46.5%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for inks (excluding printing ink) exports from the United Arab Emirates, comprising 29% of total exports. The second position in the ranking was held by Angola ($X), with a 7.3% share of total exports. It was followed by Oman, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+7.8% per year) and Oman (-24.8% per year).

Export Prices by Country

In 2021, the average ink export price amounted to $X per ton, jumping by 114% against the previous year. Overall, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Senegal ($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 Pakistan (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into the United Arab Emirates

In 2021, after two years of decline, there was significant growth in supplies from abroad of inks (excluding printing ink), when their volume increased by 189% to X tons. Over the period under review, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink imports soared to $X in 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 281%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), China (X tons) and India (X tons) were the main suppliers of ink imports to the United Arab Emirates, with a combined 49% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +10.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of inks (excluding printing ink) to the United Arab Emirates, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 2.8% share of total imports. It was followed by India, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and India (+11.0% per year).

Import Prices by Country

In 2021, the average ink import price amounted to $X per ton, declining by -6.1% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ink import price decreased by -12.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 98%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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