Nigeria - Color Printing Ink - Market Analysis, Forecast, Size, Trends And Insights
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View PricingColor Printing Ink Price in Nigeria - 2022
Contents:
- Color Printing Ink Price in Nigeria (CIF) - 2022
- Color Printing Ink Price in Nigeria (FOB) - 2022
- Color Printing Ink Imports in Nigeria
- Color Printing Ink Exports in Nigeria
Color Printing Ink Price in Nigeria (CIF) - 2022
In 2022, the average color printing ink import price amounted to $4,423 per ton, falling by -7.6% against the previous year. In general, the import price showed a noticeable reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 46% against the previous year. The import price peaked at $6,483 per ton in 2016; however, from 2017 to 2022, 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 Switzerland ($51,979 per ton), while the price for the United Arab Emirates ($1,245 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Color Printing Ink Price in Nigeria (FOB) - 2022
The average color printing ink export price stood at $3,088 per ton in 2022, increasing by 7.2% against the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 48%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($52,476 per ton), while the average price for exports to Sierra Leone ($1,141 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 Burundi (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Color Printing Ink Imports in Nigeria
In 2022, purchases abroad of color printing ink decreased by -11.8% to 6K tons, falling for the second year in a row after two years of growth. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year. As a result, imports reached the peak of 8.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, color printing ink imports dropped dramatically to $27M in 2022. Overall, imports, however, saw a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 158%. As a result, imports attained the peak of $53M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Color Printing Ink in Nigeria (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 7.4 | 29.0 | 10.1 | 10.5 | 12.4% |
United Arab Emirates | N/A | 2.0 | 3.8 | 2.6 | 14.0% |
China | 1.3 | 2.0 | 2.3 | 2.5 | 24.4% |
Indonesia | 0.6 | 3.8 | 3.1 | 2.2 | 54.2% |
India | 2.7 | 3.6 | 4.1 | 1.5 | -17.8% |
Germany | 2.4 | 4.4 | 1.4 | 1.5 | -14.5% |
United Kingdom | 1.4 | 2.0 | 1.5 | 1.4 | 0.0% |
Turkey | 0.7 | 1.2 | 1.6 | 1.0 | 12.6% |
Barbados | 0.7 | 0.9 | 1.0 | 0.8 | 4.6% |
France | 1.0 | 1.0 | 0.9 | 0.4 | -26.3% |
Others | 2.2 | 3.0 | 2.8 | 2.2 | 0.0% |
Total | 20.5 | 52.9 | 32.5 | 26.5 | 8.9% |
Top Suppliers of Color Printing Ink to Nigeria in 2022:
- United Arab Emirates (2086.7 tons)
- China (862.1 tons)
- Indonesia (783.1 tons)
- Germany (496.1 tons)
- India (451.3 tons)
- Turkey (318.4 tons)
- Switzerland (202.7 tons)
- Barbados (169.0 tons)
- United Kingdom (137.4 tons)
- France (124.6 tons)
Color Printing Ink Exports in Nigeria
In 2022, after two years of decline, there was significant growth in overseas shipments of color printing ink, when their volume increased by 16% to 8.8 tons. Overall, exports, however, faced a sharp setback.
In value terms, color printing ink exports skyrocketed to $27K in 2022. In general, exports, however, continue to indicate a abrupt descent.
Export of Color Printing Ink in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 24.5 | 14.6 | 8.1 | 11.5 | -22.3% |
Burundi | 8.8 | 9.8 | 5.4 | 7.5 | -5.2% |
Benin | 1.9 | 3.4 | 4.4 | 4.4 | 32.3% |
Burkina Faso | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
Sierra Leone | 1.2 | 0.6 | 0.3 | 0.3 | -37.0% |
Others | 10.0 | 3.8 | 3.3 | 3.0 | -33.1% |
Total | 46.8 | 32.4 | 21.7 | 27.0 | -16.8% |
Top Export Markets for Color Printing Ink from Nigeria in 2022:
- Ghana (7.3 tons)
- Benin (0.7 tons)
- Burkina Faso (0.3 tons)
- Sierra Leone (0.2 tons)
- Burundi (0.1 tons)
This report provides an in-depth analysis of the color printing ink market in Nigeria. 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 20302470 - Printing inks (excluding black)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the color printing ink market in Nigeria.
This report provides an in-depth analysis of the printing ink market in Nigeria.
This report provides an in-depth analysis of the black printing ink market in Nigeria.
This report provides an in-depth analysis of the ink market in Nigeria.
This report provides an in-depth analysis of the global color printing ink market.
This report provides an in-depth analysis of the global printing ink market.
This report provides an in-depth analysis of the global black printing ink market.
This report provides an in-depth analysis of the global ink market.
This report provides an in-depth analysis of the color printing ink market in Nigeria.
This report provides an in-depth analysis of the printing ink market in Nigeria.
In 2016, the amount of printing ink imported worldwide stood at X tons, approximately mirroring the previous year figure. In general, printing ink imports continue to indicate a relatively flat t...
In 2016, the amount of printing ink imported worldwide stood at X tons, approximately mirroring the previous year figure. In general, printing ink imports continue to indicate a relatively flat t...
Despite a slight dip in exports, Germany continued its dominance in the global printing ink trade. In 2014, Germany exported X thousand tons of printing ink totaling X million USD, X% under the previous year. Its primary trading partner was Fra
Explore the top import markets for ink based on the Import Value of Ink in various countries. Germany, Netherlands, France, United Kingdom, Italy, China, Singapore, Czech Republic, Spain, and Indonesia lead the market. Gain insights using IndexBox market intelligence platform.
In 2016, the amount of printing ink imported worldwide stood at X tons, approximately mirroring the previous year figure. In general, printing ink imports continue to indicate a relatively flat t...
In 2016, the amount of printing ink imported worldwide stood at X tons, approximately mirroring the previous year figure. In general, printing ink imports continue to indicate a relatively flat t...
Despite a slight dip in exports, Germany continued its dominance in the global printing ink trade. In 2014, Germany exported X thousand tons of printing ink totaling X million USD, X% under the previous year. Its primary trading partner was Fra
Explore the top import markets for ink based on the Import Value of Ink in various countries. Germany, Netherlands, France, United Kingdom, Italy, China, Singapore, Czech Republic, Spain, and Indonesia lead the market. Gain insights using IndexBox market intelligence platform.