CIS: Ink Market 2024

Ink Market Size in CIS

The CIS ink market rose sharply to $X in 2021, growing by 15% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ink Production in CIS

In value terms, ink production fell to $X in 2021 estimated in export price. In general, production showed a mild downturn. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ink Exports

Exports in CIS

In 2021, overseas shipments of inks (excluding printing ink) decreased by -9.3% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 151% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, ink exports fell to $X in 2021. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 88%. Over the period under review, the exports hit record highs at $X in 2020, and then fell slightly in the following year.

Exports by Country

Russia (X tons) and Belarus (X tons) prevails in exports structure, together generating 95% of total exports. It was distantly followed by Kazakhstan (X tons), making up a 4.5% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +88.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest ink supplier in the CIS, comprising 83% of total exports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +23.1%. In the other countries, the average annual rates were as follows: Belarus (+62.5% per year) and Kazakhstan (+42.0% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, growing by 9.7% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ink export price increased by +69.0% against 2019 indices. The growth pace was the most rapid in 2020 when the export price increased by 54%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.9%), while the other leaders experienced a decline in the export price figures.

Ink Imports

Imports in CIS

In 2021, the amount of inks (excluding printing ink) imported in the CIS soared to X tons, surging by 19% against 2020 figures. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the main importing country with an import of about X tons, which finished at 71% of total imports. Kazakhstan (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (6.5%) and Belarus (4.6%).

Imports into Russia increased at an average annual rate of +1.9% from 2012 to 2021. At the same time, Kazakhstan (+12.8%), Belarus (+7.2%) and Uzbekistan (+2.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +12.8% from 2012-2021. From 2012 to 2021, the share of Kazakhstan and Uzbekistan increased by +7.9 and +6.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported inks (excluding printing ink) in the CIS, comprising 83% of total imports. The second position in the ranking was held by Belarus ($X), with an 8.3% share of total imports. It was followed by Kazakhstan, with a 5.8% share.

In Russia, ink imports increased at an average annual rate of +1.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+10.6% per year) and Kazakhstan (+15.3% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with an increase of 2.4% against the previous year. In general, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2016 an increase of 28%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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