Czech Republic: Ink Market 2024

Ink Market Size in the Czech Republic

In 2021, the Czech ink market increased by 16% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption showed a temperate expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Ink Production in the Czech Republic

In value terms, ink production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Ink production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ink Exports

Exports from the Czech Republic

In 2021, shipments abroad of inks (excluding printing ink) decreased by -1.7% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ink exports soared to $X in 2021. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for ink exports from the Czech Republic, with a 28% share of total exports. Moreover, ink exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-0.6% per year) and Italy (+18.8% per year).

In value terms, the largest markets for ink exported from the Czech Republic were Germany ($X), Italy ($X) and Slovakia ($X), together comprising 52% of total exports. France, Austria, Poland, Spain, Sweden, Belgium, Bulgaria, Denmark, Switzerland and China lagged somewhat behind, together comprising a further 41%.

Bulgaria, with a CAGR of +78.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ink export price amounted to $X per ton, picking up by 22% against the previous year. In general, the export price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 41%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into the Czech Republic

In 2021, supplies from abroad of inks (excluding printing ink) decreased by -1.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 77% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, ink imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of ink to the Czech Republic, with a 50% share of total imports. Moreover, ink imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.0% per year) and the Netherlands (+20.6% per year).

In value terms, Germany ($X) constituted the largest supplier of inks (excluding printing ink) to the Czech Republic, comprising 60% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by Poland, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+19.2% per year) and Poland (+26.1% per year).

Import Prices by Country

The average ink import price stood at $X per ton in 2021, growing by 26% against the previous year. Overall, the import price recorded perceptible growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 196% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :