Jordan: Color Printing Ink Market 2024

Color Printing Ink Market Size in Jordan

The Jordanian color printing ink market amounted to $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Color Printing Ink Production in Jordan

In value terms, color printing ink production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate resilient growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Color Printing Ink Exports

Exports from Jordan

In 2022, overseas shipments of color printing ink were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, color printing ink exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for color printing ink exports from Jordan, accounting for 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. The third position in this ranking was taken by Uzbekistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Uzbekistan (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 Uzbekistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Ukraine ($X per ton), while the average price for exports to Kuwait ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, 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 2022, after two years of decline, there was significant growth in supplies from abroad of color printing ink, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, color printing ink imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

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

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

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

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 color printing ink import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price posted tangible growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Lebanon ($X per ton) and Sweden ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, 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