Croatia: Black Printing Ink Market 2024

Black Printing Ink Market Size in Croatia

In 2022, after four years of decline, there was growth in the Croatian black printing ink market, when its value increased by 1.5% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Black Printing Ink Production in Croatia

In value terms, black printing ink production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 59%. Black printing ink production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Black Printing Ink Exports

Exports from Croatia

In 2022, approx. X tons of black printing ink were exported from Croatia; growing by 46% against the year before. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 80%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, black printing ink exports surged to $X in 2022. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Slovenia (X tons) was the main destination for black printing ink exports from Croatia, accounting for a 64% share of total exports. Moreover, black printing ink exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +57.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-9.4% per year) and Hungary (+85.5% per year).

In value terms, Slovenia ($X) remains the key foreign market for black printing ink exports from Croatia, comprising 61% of total exports. The second position in the ranking was taken by Serbia ($X), with an 11% share of total exports. It was followed by Bosnia and Herzegovina, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia totaled +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+21.7% per year) and Bosnia and Herzegovina (-0.8% per year).

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, with a decrease of -13.9% against the previous year. In general, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2017 when the average export price increased by 79%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into Croatia

In 2022, purchases abroad of black printing ink decreased by -0.7% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports recorded a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, black printing ink imports totaled $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 31%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Slovenia (X tons) and Hungary (X tons) were the main suppliers of black printing ink imports to Croatia, together comprising 77% of total imports. Italy, Spain, Austria, Poland, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +38.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Hungary ($X) appeared to be the largest black printing ink suppliers to Croatia, together comprising 56% of total imports.

Slovenia, with a CAGR of +32.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average black printing ink import price stood at $X per ton in 2022, increasing by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. The growth pace was the most rapid in 2014 when the average import price increased by 17%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform