Italy: Color Printing Ink Market 2024

Color Printing Ink Market Size in Italy

The Italian color printing ink market reached $X in 2022, growing by 1.7% against the previous year. Over the period under review, consumption, however, posted tangible growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Color Printing Ink Production in Italy

In value terms, color printing ink production totaled $X in 2022 estimated in export price. Overall, production, however, showed a measured increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 2,993% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Color Printing Ink Exports

Exports from Italy

In 2022, approx. X tons of color printing ink were exported from Italy; with a decrease of -5.6% on the previous year's figure. In general, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 7.4% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, color printing ink exports dropped modestly to $X in 2022. Over the period under review, exports recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and Algeria (X tons) were the main destinations of color printing ink exports from Italy, together accounting for 34% of total exports. Spain, Hungary, Turkey, the UK, Greece, France, Austria, Romania, Slovakia and Croatia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +8.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Turkey ($X) were the largest markets for color printing ink exported from Italy worldwide, with a combined 29% share of total exports. Spain, Algeria, Hungary, the UK, France, Greece, Romania, Slovakia, Croatia and Austria lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Croatia, with a CAGR of +8.2%, saw the highest rates of growth with regard to 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, rising by 1.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 7.8% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Austria ($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 Algeria (+0.0%), while the prices for the other major destinations experienced a decline.

Color Printing Ink Imports

Imports into Italy

In 2022, approx. X tons of color printing ink were imported into Italy; shrinking by -1.7% against the year before. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 9%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, color printing ink imports reached $X in 2022. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest color printing ink supplier to Italy, accounting for a 57% share of total imports. Moreover, color printing ink imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.0% per year) and the Netherlands (-5.7% per year).

In value terms, Germany ($X) constituted the largest supplier of color printing ink to Italy, comprising 42% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.8% per year) and the Netherlands (-4.0% per year).

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, growing by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform