Eastern Europe: Ink Market 2024

Ink Market Size in Eastern Europe

In 2021, the East European ink market increased by 3.3% to $X, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Ink Production in Eastern Europe

In value terms, ink production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 97%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ink Exports

Exports in Eastern Europe

In 2021, the amount of inks (excluding printing ink) exported in Eastern Europe contracted slightly to X tons, reducing by -3.1% against the previous year. In general, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 43% 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 rose rapidly to $X in 2021. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) and Poland (X tons) dominates exports structure, together generating 73% of total exports. It was distantly followed by Slovakia (X tons), comprising a 9.3% share of total exports. Lithuania (X tons), Russia (X tons), Belarus (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +88.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest ink supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was taken by Poland ($X), with a 23% share of total exports. It was followed by Hungary, with a 7.8% share.

In the Czech Republic, ink exports plunged by an average annual rate of -17.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+8.1% per year) and Hungary (+19.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 8.5% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 12%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+11.8%), while the other leaders experienced more modest paces of growth.

Ink Imports

Imports in Eastern Europe

In 2021, ink imports in Eastern Europe contracted slightly to X tons, with a decrease of -3.2% against the year before. Total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 43%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, ink imports rose remarkably to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Russia was the main importing country with an import of about X tons, which resulted at 33% of total imports. It was distantly followed by the Czech Republic (X tons), Poland (X tons), Slovakia (X tons), Bulgaria (X tons) and Ukraine (X tons), together generating a 51% share of total imports. Hungary (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ink importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Russia ($X), with a combined 70% share of total imports. Slovakia, Hungary, Bulgaria and Ukraine lagged somewhat behind, together comprising a further 19%.

In terms of the main importing countries, Bulgaria, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2015 when the import price increased by 25%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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