Yogi Malik, Asia Correspondent11.12.19
Changing consumption patterns, increased competition from Chinese ink suppliers and declining demand in the domestic market have been some of the hallmarks of the Malaysian ink industry in recent years. Multinational and domestic ink producers are struggling to retain their share of the market pie.
Overview of the Malaysian Ink Industry
With a population of nearly 32 million in 2018, Malaysia is the smallest among the four major South East Asian countries. However, the country has the highest per capita income among the four major ASEAN countries.
The country’s economic growth has averaged above 5% over the past five years, leading to higher per capita income and reducing already low poverty. However, despite all the right ingredients for development, the country’s ink industry hasn’t been able to achieve its true potential.
Currently, the industry is served by approximately 20 ink producers, including most of the leading names in the global ink industry.
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