Poland: Color Printing Ink Market 2024

Color Printing Ink Market Size in Poland

In 2022, the Polish color printing ink market decreased by less than 0.1% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by 10%. Color printing ink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Color Printing Ink Production in Poland

In value terms, color printing ink production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. Color printing ink production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Color Printing Ink Exports

Exports from Poland

In 2022, overseas shipments of color printing ink decreased by -2.7% to X tons, falling for the third year in a row after four years of growth. In general, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 43%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, color printing ink exports contracted modestly to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 39%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X tons), the Czech Republic (X tons) and Russia (X tons) were the main destinations of color printing ink exports from Poland, together comprising 48% of total exports. Lithuania, Slovakia, Estonia, Germany, Kazakhstan, Turkey, Ukraine, Hungary, Romania and Italy lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +111.1%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), the Czech Republic ($X) and Russia ($X) appeared to be the largest markets for color printing ink exported from Poland worldwide, with a combined 45% share of total exports. Germany, Lithuania, Ukraine, Estonia, Slovakia, Kazakhstan, Hungary, Turkey, Romania and Italy lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Turkey, with a CAGR of +110.6%, 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

In 2022, the average color printing ink export price amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Germany (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Poland

In 2022, the amount of color printing ink imported into Poland fell to X tons, declining by -7.2% on the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 13%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 12%. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest color printing ink supplier to Poland, accounting for a 41% share of total imports. Moreover, color printing ink imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and Spain (+9.2% per year).

In value terms, Germany ($X) constituted the largest supplier of color printing ink to Poland, comprising 31% of total imports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+3.0% per year) and Italy (+3.9% per year).

Import Prices by Country

In 2022, the average color printing ink import price amounted to $X per ton, surging by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2018 an increase of 10%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Switzerland ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform