The import of printing ink (other than black) to China is forecast to decline steadily from 2024 to 2028. The volume is expected to decrease from 8.58 million kilograms in 2024 to 5.01 million kilograms in 2028. Relative to 2023, year-on-year variation reveals a continuous downward trend, which reflects a market contraction. Observed over five years, the compound annual growth rate (CAGR) highlights a notable decrease in demand.
Key trends to watch for:
- Potential shifts in domestic production capabilities, which might further reduce import needs.
- Technological advancements that could alter ink formulations, impacting international trade.
- Environmental regulations potentially affecting demand dynamics and sourcing strategies.