Indonesia: Ink Market 2022

Ink Market Size in Indonesia

In 2021, the Indonesian ink market decreased by -70.6% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption faced a deep reduction. Ink consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Ink Exports

Exports from Indonesia

In 2021, overseas shipments of inks (excluding printing ink) were finally on the rise to reach X tons after two years of decline. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for ink exports from Indonesia, with a 55% share of total exports. Moreover, ink exports to China exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+95.7% per year) and Germany (+312.5% per year).

In value terms, the UK ($X), China ($X) and Germany ($X) constituted the largest markets for ink exported from Indonesia worldwide, together comprising 96% of total exports.

Germany, with a CAGR of +248.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ink export price stood at $X per ton in 2021, shrinking by -4.9% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

Ink Imports

Imports into Indonesia

In 2021, ink imports into Indonesia soared to X tons, growing by 113% against the previous year. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by 197%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, ink imports soared to $X in 2021. Over the period under review, imports continue to indicate a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X tons), Japan (X tons) and China (X tons) were the main suppliers of ink imports to Indonesia, with a combined 88% share of total imports. India, Greece, South Korea and the United States lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2021, the biggest increases were in Greece (with a CAGR of +148.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ink suppliers to Indonesia were Singapore ($X), Japan ($X) and China ($X), together accounting for 91% of total imports. South Korea, Greece, India and the United States lagged somewhat behind, together accounting for a further 6%.

In terms of the main suppliers, Greece, with a CAGR of +92.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ink import price stood at $X per ton in 2021, increasing by 82% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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