Italy: Ink-Pad Market 2024

Ink-Pad Market Size in Italy

The Italian ink-pad market was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption, however, recorded a deep setback. Ink-pad consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ink-Pad Production in Italy

In value terms, ink-pad production stood at $X in 2022 estimated in export price. Overall, production faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Ink-Pad Exports

Exports from Italy

In 2022, approx. X units of ink-pads were exported from Italy; with a decrease of -17.4% on the previous year's figure. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 31%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, ink-pad exports contracted rapidly to $X in 2022. Overall, exports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2014 when exports increased by 62% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Spain (X units) and the United States (X units) were the main destinations of ink-pad exports from Italy, with a combined 58% share of total exports. Japan, India, France, Vietnam, Qatar, Morocco, the Czech Republic, Germany, Guatemala and Romania lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +95.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ink-pad exported from Italy were Spain ($X), Canada ($X) and Qatar ($X), with a combined 36% share of total exports. France, Vietnam, Morocco, Germany, Romania, Guatemala, Japan, the United States, India and the Czech Republic lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Guatemala, with a CAGR of +60.2%, saw 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 ink-pad export price stood at $X per unit in 2022, reducing by -5.9% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ink-pad export price decreased by -23.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 44% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 Qatar ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ink-Pad Imports

Imports into Italy

In 2022, after two years of decline, there was significant growth in purchases abroad of ink-pads, when their volume increased by 38% to X units. Over the period under review, imports, however, continue to indicate a abrupt downturn. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ink-pad imports amounted to $X in 2022. Overall, imports, however, continue to indicate a deep reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ink-pad to Italy, with a 48% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-15.3% per year) and Germany (-2.0% per year).

In value terms, the largest ink-pad suppliers to Italy were Austria ($X), China ($X) and Japan ($X), with a combined 63% share of total imports. Germany, France, Thailand, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, France, with a CAGR of +9.9%, recorded the highest rates of growth with regard to 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 average ink-pad import price stood at $X per unit in 2022, dropping by -25% against the previous year. Over the period under review, the import price recorded a perceptible setback. The growth pace was the most rapid in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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