Malaysia: Ink Market 2022

Ink Market Size in Malaysia

In 2021, the Malaysian ink market decreased by -73.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption faced a drastic downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Ink Production in Malaysia

In value terms, ink production fell to $X in 2021 estimated in export price. In general, production recorded a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 191%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ink Exports

Exports from Malaysia

In 2021, shipments abroad of inks (excluding printing ink) increased by 71% to X tons, rising for the fourth year in a row after five years of decline. In general, exports, however, recorded a deep downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ink exports soared to $X in 2021. Over the period under review, exports, however, recorded a pronounced downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for ink exports from Malaysia, with a 65% share of total exports. Moreover, ink exports to China exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. Brazil (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +63.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+8.6% per year) and Brazil (+77.6% per year).

In value terms, China ($X) remains the key foreign market for ink exports from Malaysia, comprising 56% of total exports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +89.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+16.6% per year) and the United States (-11.5% per year).

Export Prices by Country

The average ink export price stood at $X per ton in 2021, with an increase of 50% against the previous year. Overall, the export price recorded resilient growth. The growth pace was the most rapid in 2017 an increase of 60%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Vietnam ($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 Canada (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Malaysia

In 2021, the amount of inks (excluding printing ink) imported into Malaysia fell to X tons, which is down by -12.5% compared with 2020. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ink imports fell to $X in 2021. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Thailand (X tons) were the main suppliers of ink imports to Malaysia, together accounting for 57% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ink suppliers to Malaysia were Japan ($X), China ($X) and the UK ($X), with a combined 51% share of total imports. The United States, Thailand, Germany, Vietnam, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Vietnam, with a CAGR of +31.6%, saw 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 7.2% against the previous year. Overall, the import price, however, saw a mild decline. The growth pace was the most rapid in 2016 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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