Estonia: Black Printing Ink Market 2025

Black Printing Ink Market Size in Estonia

After two years of growth, the Estonian black printing ink market decreased by -8.5% to $X in 2022. In general, consumption saw a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Black Printing Ink Exports

Exports from Estonia

In 2022, black printing ink exports from Estonia shrank slightly to X tons, remaining relatively unchanged against the previous year's figure. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 193%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports rose rapidly to $X in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 252%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for black printing ink exports from Estonia, with a 68% share of total exports. Moreover, black printing ink exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), sixfold. Ukraine (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+74.1% per year) and Ukraine (+38.0% per year).

In value terms, Russia ($X) remains the key foreign market for black printing ink exports from Estonia, comprising 64% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total exports. It was followed by Finland, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+58.0% per year) and Finland (+71.2% per year).

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, picking up by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Ukraine ($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 Lithuania (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into Estonia

Black printing ink imports into Estonia shrank to X tons in 2022, reducing by -8.1% compared with the year before. Overall, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 17% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, black printing ink imports reduced to $X in 2022. In general, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2016 when imports increased by 18% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest black printing ink supplier to Estonia, accounting for a 63% share of total imports. Moreover, black printing ink imports from Finland exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Finland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+16.2% per year) and Germany (-18.5% per year).

In value terms, Finland ($X), Germany ($X) and Poland ($X) were the largest black printing ink suppliers to Estonia, with a combined 56% share of total imports. The UK, the Czech Republic and Sweden lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, the Czech Republic, with a CAGR of +55.2%, recorded 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

In 2022, the average black printing ink import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Finland ($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 (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform