Jordan: Color Printing Ink Market 2024

Color Printing Ink Market Size in Jordan

In 2023, the Jordanian color printing ink market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, the total consumption indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Color Printing Ink Production in Jordan

In value terms, color printing ink production contracted modestly to $X in 2023 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Color Printing Ink Exports

Exports from Jordan

After two years of decline, overseas shipments of color printing ink increased by X% to X tons in 2023. In general, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, color printing ink exports surged to $X in 2023. Overall, exports, however, saw a slight shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for color printing ink exports from Jordan, with a X% share of total exports. Moreover, color printing ink exports to Russia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sixfold. Ukraine (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Ukraine (X% per year).

In value terms, Russia ($X) remains the key foreign market for color printing ink exports from Jordan, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Ukraine ($X per ton) and Kuwait ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Jordan

In 2023, approx. X tons of color printing ink were imported into Jordan; standing approx. at the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, color printing ink imports reduced slightly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Germany (X tons), Saudi Arabia (X tons) and Sweden (X tons) were the main suppliers of color printing ink imports to Jordan, with a combined X% share of total imports. Italy, Switzerland, the UK, China, India, Japan, Lebanon, Belgium, the Netherlands and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and Italy ($X) were the largest color printing ink suppliers to Jordan, with a combined X% share of total imports. Sweden, the UK, Switzerland, China, India, Japan, Belgium, Lebanon, Turkey and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, recorded the highest growth rate of 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 color printing ink import price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then shrank modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Turkey ($X per ton), while the price for Sweden ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform