South Africa: Printing Ink Market 2024

Printing Ink Market Size in South Africa

The South African printing ink market expanded markedly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Printing ink consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Printing Ink Production in South Africa

In value terms, printing ink production rose modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Printing Ink Exports

Exports from South Africa

Printing ink exports from South Africa fell to X tons in 2022, waning by X% on the year before. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, printing ink exports expanded markedly to $X in 2022. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritius (X tons), Zambia (X tons) and Malawi (X tons) were the main destinations of printing ink exports from South Africa, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for printing ink exported from South Africa were Botswana ($X), Mauritius ($X) and the United States ($X), with a combined X% share of total exports. Namibia, Zambia, Zimbabwe, Mexico, Swaziland, Malawi, Turkey, Angola, Lesotho and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average printing ink export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, recorded a noticeable slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

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

Printing Ink Imports

Imports into South Africa

In 2022, purchases abroad of printing ink increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, printing ink imports expanded notably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and India (X tons) were the main suppliers of printing ink imports to South Africa, together accounting for X% of total imports. Sweden, the UK, Switzerland, Japan, China, France, Turkey, Taiwan (Chinese), the United States and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printing ink suppliers to South Africa were Switzerland ($X), Japan ($X) and the Netherlands ($X), with a combined X% share of total imports. Germany, the UK, India, the United States, Sweden, Taiwan (Chinese), France, China, Turkey and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, 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 printing ink import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform