Israel: Color Printing Ink Market 2024

Color Printing Ink Market Size in Israel

In 2022, the Israeli color printing ink market decreased by -16.9% to $X, falling for the second consecutive year after five years of growth. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Color Printing Ink Production in Israel

In value terms, color printing ink production expanded to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Color Printing Ink Exports

Exports from Israel

In 2022, approx. X tons of color printing ink were exported from Israel; growing by 20% on 2021 figures. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2014 with an increase of 183%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, color printing ink exports expanded rapidly to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 113%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Singapore (X tons) were the main destinations of color printing ink exports from Israel, together comprising 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +20.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for color printing ink exported from Israel were the United States ($X), the Netherlands ($X) and Singapore ($X), together accounting for 83% of total exports.

Among the main countries of destination, the United States, with a CAGR of +21.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, with a decrease of -6.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per ton) and the United States ($X per ton), while the average price for exports to Germany ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Israel

In 2022, supplies from abroad of color printing ink decreased by -41.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, color printing ink imports reached $X in 2022. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest color printing ink supplier to Israel, accounting for a 28% share of total imports. Moreover, color printing ink imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.8% per year) and the Netherlands (-3.0% per year).

In value terms, Germany ($X) constituted the largest supplier of color printing ink to Israel, comprising 28% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.7% share of total imports. It was followed by the Netherlands, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.4% per year) and the Netherlands (-0.4% per year).

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, picking up by 76% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and India ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform