CIS: Ink-Pad Market 2024

Ink-Pad Market Size in CIS

The CIS ink-pad market expanded modestly to $X in 2022, rising by 2.8% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ink-Pad Production in CIS

In value terms, ink-pad production rose markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ink-Pad Exports

Exports in CIS

Ink-pad exports declined markedly to X units in 2022, which is down by -33.8% compared with 2021 figures. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 274%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ink-pad exports declined to $X in 2022. In general, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 139%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Belarus was the key exporter of ink-pads in the CIS, with the volume of exports amounting to X units, which was approx. 75% of total exports in 2022. Russia (X units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Azerbaijan (4.6%).

From 2012 to 2022, average annual rates of growth with regard to ink-pad exports from Belarus stood at +48.5%. At the same time, Azerbaijan (+102.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +102.4% from 2012-2022. Russia experienced a relatively flat trend pattern. While the share of Belarus (+68 p.p.) and Azerbaijan (+4.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-72.8 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest ink-pad supplier in the CIS, comprising 64% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +10.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Azerbaijan (+211.7% per year) and Belarus (+32.6% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, growing by 31% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The growth pace was the most rapid in 2019 an increase of 115%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while Belarus (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+53.9%), while the other leaders experienced mixed trends in the export price figures.

Ink-Pad Imports

Imports in CIS

In 2022, overseas purchases of ink-pads decreased by -11.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 88% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then declined in the following year.

In value terms, ink-pad imports dropped modestly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 36%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, resulting at X units, which was approx. 89% of total imports in 2022. The following importers - Belarus (X units), Armenia (X units) and Uzbekistan (X units) - together made up 7.8% of total imports.

Russia was also the fastest-growing in terms of the ink-pads imports, with a CAGR of +15.0% from 2012 to 2022. At the same time, Armenia (+10.4%), Uzbekistan (+9.3%) and Belarus (+3.7%) displayed positive paces of growth. From 2012 to 2022, the share of Russia and Uzbekistan increased by +8 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ink-pads in the CIS, comprising 80% of total imports. The second position in the ranking was taken by Belarus ($X), with a 6.4% share of total imports. It was followed by Uzbekistan, with a 4% share.

In Russia, ink-pad imports increased at an average annual rate of +5.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-3.4% per year) and Uzbekistan (+5.0% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, with an increase of 12% against the previous year. In general, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 41%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (-4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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