Croatia: Color Printing Ink Market 2024

Color Printing Ink Market Size in Croatia

The Croatian color printing ink market dropped to $X in 2022, waning by -5.9% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Color printing ink consumption peaked at $X in 2021, and then shrank in the following year.

Color Printing Ink Production in Croatia

In value terms, color printing ink production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 83%. Color printing ink production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Color Printing Ink Exports

Exports from Croatia

In 2022, shipments abroad of color printing ink increased by 44% to X tons, rising for the fourth year in a row after two years of decline. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, color printing ink exports skyrocketed to $X in 2022. Overall, exports posted buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for color printing ink exports from Croatia, with a 69% share of total exports. Moreover, color printing ink exports to Slovenia exceeded the volume sent to the second major destination, Hungary (X tons), fivefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+60.1% per year) and Bosnia and Herzegovina (-0.7% per year).

In value terms, Slovenia ($X) remains the key foreign market for color printing ink exports from Croatia, comprising 46% of total exports. The second position in the ranking was taken by Hungary ($X), with a 20% share of total exports. It was followed by Serbia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia stood at +45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+49.5% per year) and Serbia (+28.9% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, with a decrease of -14.3% against the previous year. In general, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Slovenia ($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 Serbia (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

Color Printing Ink Imports

Imports into Croatia

In 2022, color printing ink imports into Croatia shrank modestly to X tons, with a decrease of -2.4% on the previous year. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, color printing ink imports stood at $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 in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of color printing ink imports to Croatia, together accounting for 64% of total imports. Slovenia, Poland, Austria, France and Spain lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +24.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Italy ($X) were the largest color printing ink suppliers to Croatia, together accounting for 59% of total imports. Slovenia, Poland, Austria, France and Spain lagged somewhat behind, together accounting for a further 27%.

Slovenia, with a CAGR of +23.9%, recorded the highest growth rate of the value of imports, among 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 color printing ink import price stood at $X per ton in 2022, picking up by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 an increase of 10%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform