China - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 1, 2024

China - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends And Insights

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Ink Price in China - 2023

Contents:

  1. Ink Price in China (FOB) - 2023
  2. Ink Price in China (CIF) - 2023
  3. Ink Exports in China
  4. Ink Imports in China

Ink Price in China (FOB) - 2023

In June 2023, the average ink export price amounted to $6,274 per ton, with a decrease of -10.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 8.4% against the previous month. Over the period under review, the average export prices reached the peak figure at $7,932 per ton in October 2022; however, from November 2022 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($12,618 per ton), while the average price for exports to the Philippines ($3,639 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

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Ink Price in China (CIF) - 2023

In June 2023, the average ink import price amounted to $14,133 per ton, declining by -7.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in July 2022 an increase of 28% against the previous month. The import price peaked at $18,092 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Malaysia ($36,866 per ton), while the price for Switzerland ($4,232 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Ink Exports in China

For the fourth year in a row, China recorded growth in shipments abroad of inks (excluding printing ink), which increased by 8.3% to 44K tons in 2022. The total export volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ink exports skyrocketed to $322M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Ink in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India18.915.620.931.118.1%
Pakistan8.514.221.827.748.3%
Vietnam17.924.027.927.615.5%
Indonesia14.212.415.427.424.5%
United States5.77.015.618.949.1%
Thailand9.58.713.018.524.9%
Philippines6.99.111.614.327.5%
Brazil7.28.18.210.413.0%
Mexico5.46.28.69.721.6%
Turkey4.75.77.98.923.7%
Bangladesh3.64.79.28.131.0%
Russia3.43.24.36.423.5%
Egypt3.83.95.35.09.6%
Others96.592.91081083.8%
Total20621627732216.1%

Top Export Markets for Ink from China in 2022:

  1. India (5.3K tons)
  2. Vietnam (5.1K tons)
  3. Pakistan (4.4K tons)
  4. Indonesia (2.9K tons)
  5. Philippines (2.5K tons)
  6. Thailand (2.2K tons)
  7. Brazil (1.7K tons)
  8. Mexico (1.7K tons)
  9. Bangladesh (1.3K tons)
  10. United States (1.3K tons)
  11. Turkey (1.1K tons)
  12. Egypt (0.9K tons)
  13. Russia (0.8K tons)

Ink Imports in China

In 2022, the amount of inks (excluding printing ink) imported into China reduced modestly to 19K tons, dropping by -3.6% compared with 2021 figures. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of 20K tons, and then fell modestly in the following year.

In value terms, ink imports reduced to $230M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of $253M, and then shrank in the following year.

Import of Ink in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan73.059.077.567.2-2.7%
Malaysia17.024.337.949.943.2%
United States36.522.624.519.2-19.3%
Philippines5.612.315.917.646.5%
Indonesia15.414.216.516.52.3%
Germany20.516.621.115.2-9.5%
South Korea13.411.413.811.0-6.4%
Switzerland8.08.811.67.5-2.1%
Italy4.53.53.22.6-16.7%
Others26.724.731.323.0-4.9%
Total2201972532301.5%

Top Suppliers of Ink to China in 2022:

  1. Japan (3.4K tons)
  2. Germany (3.2K tons)
  3. Malaysia (2.4K tons)
  4. South Korea (2.3K tons)
  5. Switzerland (2.1K tons)
  6. United States (1.8K tons)
  7. Philippines (1.1K tons)
  8. Indonesia (0.8K tons)
  9. Italy (0.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ink market in China. 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 20593000 - Inks (excluding printing ink)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Inks (Excluding Printing Ink) - China