ASEAN: Ink-Pad Market 2024

Ink-Pad Market Size in ASEAN

The ASEAN ink-pad market contracted to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Ink-Pad Production in ASEAN

In value terms, ink-pad production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Ink-Pad Exports

Exports in ASEAN

In 2022, shipments abroad of ink-pads increased by X% to X units, rising for the second year in a row after five years of decline. Over the period under review, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, ink-pad exports expanded slightly to $X in 2022. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the largest exporter of ink-pads in ASEAN, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%). Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest ink-pad supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, standing approx. at the previous year. In general, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Ink-Pad Imports

Imports in ASEAN

In 2022, purchases abroad of ink-pads decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ink-pad imports reached $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X units), distantly followed by Indonesia (X units), Malaysia (X units), the Philippines (X units) and Thailand (X units) represented the major importers of ink-pads, together making up X% of total imports. The following importers - Singapore (X units) and Myanmar (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Thailand, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a mild shrinkage. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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