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Republic of Korea - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrinting Ink Price in South Korea - 2022
Contents:
- Printing Ink Price in South Korea (FOB) - 2022
- Printing Ink Price in South Korea (CIF) - 2022
- Printing Ink Exports in South Korea
- Printing Ink Imports in South Korea
Printing Ink Price in South Korea (FOB) - 2022
The average printing ink export price stood at $6,234 per ton in December 2022, shrinking by -3.6% against the previous month. Over the period under review, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in February 2022 an increase of 7.2% against the previous month. Over the period under review, the average export prices reached the peak figure at $7,068 per ton in December 2021; however, from January 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Hong Kong SAR ($8,860 per ton), while the average price for exports to the Netherlands ($3,047 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Printing Ink Price in South Korea (CIF) - 2022
In December 2022, the average printing ink import price amounted to $28,435 per ton, picking up by 42% against the previous month. Over the period under review, import price indicated a notable increase from December 2021 to December 2022: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, printing ink import price increased by +75.3% against September 2022 indices. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 69% against the previous month. The import price peaked at $30,307 per ton in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($61,681 per ton), while the price for Vietnam ($4,006 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Printing Ink Exports in South Korea
Printing ink exports from South Korea stood at 25K tons in 2022, growing by 2.3% on 2021. Overall, exports, however, recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 14%.
In value terms, printing ink exports reached $155M in 2022. Over the period under review, exports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year.
Export of Printing Ink in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 45.9 | 31.2 | 27.9 | 26.4 | -16.8% |
United States | 10.7 | 9.6 | 12.9 | 16.2 | 14.8% |
China | 19.4 | 17.1 | 19.7 | 15.7 | -6.8% |
Russia | 3.1 | 3.5 | 3.1 | 10.9 | 52.1% |
Thailand | 9.5 | 8.3 | 8.3 | 8.0 | -5.6% |
Bangladesh | 5.0 | 5.3 | 7.2 | 7.3 | 13.4% |
India | 6.1 | 4.4 | 5.6 | 6.6 | 2.7% |
Taiwan (Chinese) | 5.4 | 5.2 | 5.1 | 5.3 | -0.6% |
Indonesia | 3.9 | 3.1 | 3.6 | 5.2 | 10.1% |
Netherlands | 4.3 | 2.6 | 3.7 | 3.8 | -4.0% |
Pakistan | 4.1 | 3.8 | 4.2 | 3.6 | -4.2% |
United Arab Emirates | 1.9 | 1.3 | 1.7 | 3.6 | 23.7% |
Japan | 3.9 | 2.9 | 3.2 | 3.3 | -5.4% |
Others | 40.6 | 32.9 | 43.5 | 38.9 | -1.4% |
Total | 164 | 131 | 150 | 155 | -1.9% |
Top Export Markets for Printing Ink from South Korea in 2022:
- Vietnam (3.2K tons)
- United States (2.2K tons)
- Russia (2.1K tons)
- Thailand (1.6K tons)
- Bangladesh (1.4K tons)
- Netherlands (1.3K tons)
- Taiwan (Chinese) (1.3K tons)
- India (1.1K tons)
- Japan (1.0K tons)
- China (1.0K tons)
- Pakistan (0.8K tons)
- United Arab Emirates (0.7K tons)
- Indonesia (0.6K tons)
Printing Ink Imports in South Korea
For the third year in a row, South Korea recorded decline in purchases abroad of printing ink, which decreased by -7.8% to 2.7K tons in 2022. Over the period under review, imports saw a perceptible contraction. The smallest decline of -1.7% was in 2021.
In value terms, printing ink imports reduced to $61M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of $65M, and then contracted in the following year.
Import of Printing Ink in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 13.3 | 11.8 | 12.4 | 11.3 | -5.3% |
United States | 6.7 | 6.4 | 6.4 | 6.2 | -2.6% |
China | 3.3 | 4.3 | 4.7 | 4.7 | 12.5% |
Singapore | 3.1 | 2.0 | 3.5 | 4.4 | 12.4% |
France | 1.4 | 1.8 | 2.6 | 3.4 | 34.4% |
Malaysia | 2.6 | 2.3 | 2.6 | 3.2 | 7.2% |
Indonesia | 3.8 | 3.9 | 3.9 | 2.8 | -9.7% |
United Kingdom | 3.1 | 2.6 | 2.7 | 2.7 | -4.5% |
Belgium | 0.6 | 1.0 | 2.3 | 1.9 | 46.8% |
Germany | 2.6 | 2.3 | 1.9 | 1.9 | -9.9% |
Taiwan (Chinese) | 0.8 | 1.3 | 1.4 | 1.5 | 23.3% |
Italy | 2.4 | 1.5 | 2.3 | 1.3 | -18.5% |
Spain | 0.6 | 0.8 | 1.1 | 1.2 | 26.0% |
Others | 8.5 | 14.3 | 17.2 | 14.2 | 18.7% |
Total | 52.9 | 56.3 | 65.0 | 60.8 | 4.7% |
Top Suppliers of Printing Ink to South Korea in 2022:
- China (596.6 tons)
- Japan (593.5 tons)
- United States (206.8 tons)
- Malaysia (190.6 tons)
- Singapore (157.4 tons)
- Indonesia (151.1 tons)
- Spain (98.4 tons)
- Taiwan (Chinese) (88.0 tons)
- Italy (82.7 tons)
- United Kingdom (73.8 tons)
- Belgium (71.5 tons)
- France (62.7 tons)
- Germany (54.3 tons)
This report provides an in-depth analysis of the printing ink market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20302450 - Black printing inks
- Prodcom 20302470 - Printing inks (excluding black)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the printing ink market in Republic of Korea.
This report provides an in-depth analysis of the black printing ink market in Republic of Korea.
This report provides an in-depth analysis of the ink market in Republic of Korea.
This report provides an in-depth analysis of the color printing ink market in Republic of Korea.
This report provides an in-depth analysis of the global printing ink market.
This report provides an in-depth analysis of the global black printing ink market.
This report provides an in-depth analysis of the global ink market.
This report provides an in-depth analysis of the global color printing ink market.
This report provides an in-depth analysis of the printing ink market in Republic of Korea.
This report provides an in-depth analysis of the black printing ink market in Republic of Korea.
In 2016, the amount of printing ink imported worldwide stood at X tons, approximately mirroring the previous year figure. In general, printing ink imports continue to indicate a relatively flat t...
In 2016, the amount of printing ink imported worldwide stood at X tons, approximately mirroring the previous year figure. In general, printing ink imports continue to indicate a relatively flat t...
Despite a slight dip in exports, Germany continued its dominance in the global printing ink trade. In 2014, Germany exported X thousand tons of printing ink totaling X million USD, X% under the previous year. Its primary trading partner was Fra
Explore the top import markets for ink based on the Import Value of Ink in various countries. Germany, Netherlands, France, United Kingdom, Italy, China, Singapore, Czech Republic, Spain, and Indonesia lead the market. Gain insights using IndexBox market intelligence platform.
In 2016, the amount of printing ink imported worldwide stood at X tons, approximately mirroring the previous year figure. In general, printing ink imports continue to indicate a relatively flat t...
In 2016, the amount of printing ink imported worldwide stood at X tons, approximately mirroring the previous year figure. In general, printing ink imports continue to indicate a relatively flat t...
Despite a slight dip in exports, Germany continued its dominance in the global printing ink trade. In 2014, Germany exported X thousand tons of printing ink totaling X million USD, X% under the previous year. Its primary trading partner was Fra
Explore the top import markets for ink based on the Import Value of Ink in various countries. Germany, Netherlands, France, United Kingdom, Italy, China, Singapore, Czech Republic, Spain, and Indonesia lead the market. Gain insights using IndexBox market intelligence platform.