Malaysia: Ink-Pad Market 2024

Ink-Pad Market Size in Malaysia

In 2022, the Malaysian ink-pad market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a abrupt descent. Ink-pad consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ink-Pad Production in Malaysia

In value terms, ink-pad production dropped significantly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Ink-pad production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Ink-Pad Exports

Exports from Malaysia

In 2022, overseas shipments of ink-pads were finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, ink-pad exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units), the Philippines (X units) and El Salvador (X units) were the main destinations of ink-pad exports from Malaysia, together accounting for X% of total exports. Indonesia, Russia, Hong Kong SAR, Singapore, Australia, Saudi Arabia, Nicaragua, China, South Korea and Chile lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Indonesia ($X) and the Philippines ($X) appeared to be the largest markets for ink-pad exported from Malaysia worldwide, with a combined X% share of total exports. El Salvador, Australia, Hong Kong SAR, Singapore, Chile, Saudi Arabia, Nicaragua, South Korea, Russia and China lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ink-pad export price stood at $X per unit in 2022, stabilizing at the previous year. In general, the export price recorded a pronounced slump. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ink-Pad Imports

Imports into Malaysia

In 2022, purchases abroad of ink-pads decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports faced a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, ink-pad imports expanded notably to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest ink-pad supplier to Malaysia, with a X% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Austria (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Austria (X% per year).

In value terms, Taiwan (Chinese) ($X), Germany ($X) and China ($X) were the largest ink-pad suppliers to Malaysia, with a combined X% share of total imports. Austria, Japan, South Korea and Thailand lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ink-pad import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ink-pad import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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