Report Update: Apr 1, 2024

India - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Ink Price in India - 2023

Ink Price in India (CIF) - 2022

The average ink import price stood at $7,127 per ton in 2022, which is down by -11.7% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30%. Over the period under review, average import prices reached the maximum at $12,170 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Switzerland ($19,648 per ton), while the price for China ($5,409 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Ink Price in India (FOB) - 2022

In 2022, the average ink export price amounted to $8,222 per ton, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($11,078 per ton), while the average price for exports to Nepal ($4,165 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 New Caledonia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports in India

In 2022, imports of inks (excluding printing ink) into India skyrocketed to 8.4K tons, with an increase of 55% compared with the previous year. Overall, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink imports soared to $60M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Ink in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	16.4	15.2	14.9	30.4	22.8%
Germany	5.1	3.2	4.1	5.7	3.8%
South Korea	4.2	1.9	1.6	4.0	-1.6%
Switzerland	7.4	0.1	0.1	3.6	-21.4%
United States	3.0	3.2	2.5	2.4	-7.2%
Japan	4.1	2.3	2.6	2.0	-21.3%
United Kingdom	1.2	1.2	1.2	1.8	14.5%
Others	9.3	4.7	16.5	9.6	1.1%
Total	50.8	32.0	43.7	59.7	5.5%

Top Suppliers of Ink to India in 2022:

China (5.6K tons)
Germany (1.0K tons)
South Korea (0.5K tons)
United States (0.2K tons)
United Kingdom (0.2K tons)
Switzerland (0.2K tons)
Japan (0.1K tons)

Ink Exports in India

After two years of decline, shipments abroad of inks (excluding printing ink) increased by 33% to 2.6K tons in 2022. In general, exports, however, recorded a perceptible reduction.

In value terms, ink exports soared to $22M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Ink in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,351	1,234	1,287	2,310	19.6%
Bangladesh	1,993	1,145	1,127	2,054	1.0%
Indonesia	700	664	882	1,583	31.3%
United Arab Emirates	255	489	806	1,447	78.4%
Nepal	1,035	610	688	1,236	6.1%
Iran	1,167	1,065	308	1,171	0.1%
Nigeria	493	1,074	566	1,035	28.0%
New Caledonia	362	414	371	786	29.5%
Turkey	341	442	402	616	21.8%
Benin	325	354	302	609	23.3%
Sri Lanka	509	611	357	561	3.3%
Ethiopia	109	124	202	362	49.2%
United Kingdom	2.9	17.2	22.6	277	357.1%
Others	10,021	4,654	6,838	7,559	-9.0%
Total	18,662	12,896	14,159	21,605	5.0%

Top Export Markets for Ink from India in 2022:

Bangladesh (299.8 tons)
Nepal (296.7 tons)
China (245.7 tons)
Nigeria (187.4 tons)
Indonesia (159.3 tons)
United Arab Emirates (137.6 tons)
Iran (105.8 tons)
Turkey (99.8 tons)
Benin (71.7 tons)
New Caledonia (70.9 tons)
Ethiopia (67.1 tons)
Sri Lanka (66.2 tons)
United Kingdom (63.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ink market in India. 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 20593000 - Inks (excluding printing ink)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023