Africa: Ink Market 2024

Ink Market Size in Africa

The African ink market expanded slightly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Ink Production in Africa

In value terms, ink production expanded sharply to $X in 2023 estimated in export price. The total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ink Exports

Exports in Africa

Ink exports soared to X tons in 2023, growing by X% compared with 2022 figures. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, ink exports soared to $X in 2023. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Cote d'Ivoire (X tons), creating a X% share of total exports. The following exporters - Tanzania (X tons) and Egypt (X tons) - each accounted for a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ink exports from South Africa stood at X%. At the same time, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Africa and Tanzania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest ink supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, remaining constant against the previous year. Export price indicated slight growth from 2012 to 2023: its price 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, ink export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Egypt ($X per ton) was amongst the lowest.

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

Ink Imports

Imports in Africa

In 2023, the amount of inks (excluding printing ink) imported in Africa amounted to X tons, growing by X% against 2022 figures. Total imports indicated a mild expansion from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ink imports rose markedly to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Nigeria (X tons) represented the key importers of inks (excluding printing ink) in 2023, finishing at near X% and X% of total imports, respectively. Algeria (X tons) took the next position in the ranking, followed by Tunisia (X tons), Ghana (X tons), Kenya (X tons) and Angola (X tons). All these countries together took approx. X% share of total imports. The following importers - Mozambique (X tons), Ethiopia (X tons), Zambia (X tons), Morocco (X tons), Tanzania (X tons) and Djibouti (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Djibouti (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported inks (excluding printing ink) in Africa, comprising X% of total imports. The second position in the ranking was held by Algeria ($X), with an X% share of total imports. It was followed by Tunisia, with an X% share.

In South Africa, ink imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (X% per year) and Tunisia (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Angola ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform