China printing ink industry keeps growth

With the fast growth of China economy, printing ink industry develops very quickly in China. The industry will hit a new climax in 2004. Chinese printing ink not only do well in domestic market, but also makes a great progress in oversea market.
China printing ink continually and steadily grows in recent year
The total output of Chinese printing ink continually increases and various new products have been developed, at present, China has produced more than one thousand types of printing oil, the proportion of high-grade printing ink rises up continually; Chinese printing ink industry also made great progress in improving the quality of all kinds of products, the quality of some kinds of printing ink have reached or surpassed the same products which produced by foreign manufacturers. According to the statistic from China Printing Ink Association, the total output of printing ink in China in 2000, 2001, 2002, 2003 reached 185 thousand tons, 205 thousand tons, 220 thousand tons, 246 thousand tons respectively, the growth rate reach 8.7%、10.5%、7.3%、11.8%; at present, the total output of China printing ink ranks in the top fourth in the world, the first is Germany, the second is Japan and the third is USA.
China printing ink makes great progress in oversea market, the export amount of printing oil reached 9.7 thousand tons, 9.5 thousand tons, 10.8 thousand tons in 2001, 2002, 2003; the growth rate reached 8.7%, 10.5% and 7.3%; annual export value reach about 50 million USD. The import amount of printing oil in China reached 24.7 thousand tons, 31.6 thousand tons and 39.4 thousand tons in 2001, 2002, 2003. The main export markets for China printing ink are Asia, Africa and North America; Asia is the largest export market and nearly 90 percent Chinese printing ink was exported to the area. China mainly import printing ink from Asia countries and European countries, about 75 percent of printing ink was imported from the Asia and the left of 25 percent was imported from European countries and North America countries.
China printing ink has broad foreground because the average consumption of presswork in China is not large than twentieth of those in developed countries; there is great gap between China and developed countries in the consumption of printing ink. With the development of China economy, the consumption of printing ink in China increase quickly, printing ink industry takes excellent development environment in China.