Australia and Oceania: Ink Market 2022

Ink Market Size in Australia and Oceania

In 2021, after two years of decline, there was significant growth in the ink market in Australia and Oceania, when its value increased by 14% to $X. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Ink Production in Australia and Oceania

In value terms, ink production declined modestly to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Ink Exports

Exports in Australia and Oceania

In 2021, the amount of inks (excluding printing ink) exported in Australia and Oceania stood at X tons, growing by 6.5% against the previous year's figure. Total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +122.5% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ink exports totaled $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.9% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by 78% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Australia (X tons) was the main exporter of inks (excluding printing ink), mixing up 84% of total exports. It was distantly followed by New Zealand (X tons), creating a 16% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of inks (excluding printing ink). At the same time, New Zealand (+12.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +12.2% from 2012-2021. While the share of New Zealand (+9.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-9.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest ink supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was held by New Zealand ($X), with a 21% share of total exports.

In Australia, ink exports expanded at an average annual rate of +3.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, reducing by -3.7% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ink export price decreased by -40.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 42%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.3%).

Ink Imports

Imports in Australia and Oceania

After two years of decline, purchases abroad of inks (excluding printing ink) increased by 87% to X tons in 2021. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink imports soared to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons) and Fiji (X tons) represented roughly 76% of total imports in 2021. Australia (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Papua New Guinea (4.6%). New Caledonia (X tons), Tonga (X tons) and Solomon Islands (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Tonga (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) constitutes the largest market for imported inks (excluding printing ink) in Australia and Oceania, comprising 56% of total imports. The second position in the ranking was taken by Fiji ($X), with a 16% share of total imports. It was followed by Australia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand amounted to +25.3%. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (+18.5% per year) and Australia (-14.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 21% against the previous year. In general, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Caledonia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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