Italy: Ink Market 2024

Ink Market Size in Italy

The Italian ink market contracted to $X in 2021, shrinking by -5.5% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.0% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Ink Production in Italy

In value terms, ink production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 24%. Ink production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ink Exports

Exports from Italy

In 2021, the amount of inks (excluding printing ink) exported from Italy soared to X tons, rising by 19% on 2020. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.8% against 2014 indices. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, ink exports surged to $X in 2021. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 38%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Spain (X tons) and Germany (X tons) were the main destinations of ink exports from Italy, together accounting for 38% of total exports. Russia, Portugal, France, Mexico, the Netherlands, the Czech Republic, Austria, Brazil, Albania and Hong Kong SAR lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +53.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for inks (excluding printing ink) exports from Italy, comprising 27% of total exports. The second position in the ranking was taken by Turkey ($X), with a 9.9% share of total exports. It was followed by Spain, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+9.2% per year) and Spain (+1.8% per year).

Export Prices by Country

In 2021, the average ink export price amounted to $X per ton, increasing by 2.8% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ink export price decreased by -19.1% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 24%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, 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 Germany ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Italy

Ink imports into Italy rose to X tons in 2021, surging by 4.9% compared with 2020. In general, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% 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 +78.1% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, ink imports totaled $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 +1.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 105% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest ink supplier to Italy, accounting for a 40% share of total imports. Moreover, ink imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.9% per year) and the Netherlands (-2.5% per year).

In value terms, Germany ($X) constituted the largest supplier of inks (excluding printing ink) to Italy, comprising 58% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports. It was followed by the Czech Republic, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.9% per year) and the Czech Republic (+28.1% per year).

Import Prices by Country

In 2021, the average ink import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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