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U.S. - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: May 10, 2022
U.S. Printing Ink Imports Spike to $555M, Picking Up Nearly 20%
IndexBox has just published a new report: 'U.S. - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
U.S. Printing Ink Market Size and Production
The size of the printing ink market in the United States was estimated at $4.3B in 2021, therefore, remained relatively stable 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).
Printing ink production in the United States totaled approx. $4.4B in 2021. From 2007 to 2021, production recorded a relatively flat trend pattern.
U.S. Printing Ink Exports
After seven years of decline, overseas shipments of printing ink increased by 6% to 62K tons in 2021. In general, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2010 when exports increased by 15% y-o-y.
In value terms, printing ink exports expanded sharply to $704M in 2021. Overall, exports, however, saw a relatively flat trend pattern.
Exports by Country
Canada (26K tons) was the main destination for printing ink exports from the United States, accounting for a 41% share of total supplies. Moreover, printing ink exports to Canada exceeded the volume sent to the second major destination, Mexico (11K tons), twofold. The third position in this ranking was occupied by Singapore (5.6K tons), with a 9% share.
In value terms, the largest markets for printing ink exported from the United States were Canada ($166M), Mexico ($123M) and Singapore ($58M), together comprising 49% of total exports. These countries were followed by Japan, Brazil, Malaysia, the UK and China, which together accounted for a further 15%.
In terms of the main countries of destination, Malaysia, with a CAGR of +28.1%, recorded the highest growth rate of the value of exports from 2007-2021, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average printing ink export price amounted to $11,337 per ton, surging by 4.6% against the previous year. Prices varied noticeably by the country of destination: the country with the highest price was Japan, while the average price for exports to Canada was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Printing Ink Imports
In 2021, overseas purchases of printing ink increased by 18% to 49K tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +2.6% from 2007 to 2021.
In value terms, printing ink imports surged from $464M in 2020 to $555M in 2021. The total import value increased at an average annual rate of +3.3% from 2007 to 2021.
Imports by Country
India (11K tons), Canada (9.8K tons) and Japan (5.1K tons) were the main suppliers of printing ink imports to the United States, together comprising 53% of total purchases. These countries were followed by Germany, the UK, Singapore, Israel, South Korea, Spain, Italy, Switzerland and the Philippines, which together accounted for a further 40%.
In value terms, the largest printing ink suppliers to the United States were Japan ($102M), the UK ($72M) and Israel ($68M), with a combined 44% share of total imports. These countries were followed by Singapore, Canada, Germany, India, the Philippines, Italy, Switzerland, South Korea and Spain, which together accounted for a further 43%.
The Philippines saw the highest growth rate of ink exports to the U.S., increasing supplies from $38K in 2007 to $24.8M in 2021.
Import Prices by Country
The average printing ink import price stood at $11,270 per ton in 2021, therefore, remained relatively stable against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Philippines, while the price for India was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the printing ink market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 20302450 - Black printing inks
• Prodcom 20302470 - Printing inks (excluding black)
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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