Portugal: Black Printing Ink Market 2024

Black Printing Ink Market Size in Portugal

After four years of growth, the Portuguese black printing ink market decreased by -23.4% to $X in 2022. Overall, consumption showed a pronounced decrease. Black printing ink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Black Printing Ink Production in Portugal

In value terms, black printing ink production rose notably to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Black Printing Ink Exports

Exports from Portugal

After two years of growth, shipments abroad of black printing ink decreased by -0.4% to X tons in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by 107%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, black printing ink exports skyrocketed to $X in 2022. Overall, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for black printing ink exports from Portugal, with a 42% share of total exports. Moreover, black printing ink exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-13.7% per year) and Poland (+87.7% per year).

In value terms, the largest markets for black printing ink exported from Portugal were Poland ($X), Spain ($X) and Angola ($X), with a combined 57% share of total exports. Slovenia, Slovakia, Cabo Verde and France lagged somewhat behind, together comprising a further 23%.

Slovenia, with a CAGR of +92.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 black printing ink export price amounted to $X per ton, picking up by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Slovenia ($X per ton), while the average price for exports to France ($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 Slovenia (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into Portugal

In 2022, the amount of black printing ink imported into Portugal fell notably to X tons, with a decrease of -29.8% against the year before. Over the period under review, imports recorded a noticeable setback. The growth pace was the most rapid in 2013 when imports increased by 28%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, black printing ink imports plummeted to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

Spain (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of black printing ink imports to Portugal, together accounting for 85% of total imports. The Czech Republic, the Netherlands, France, Italy and the UK lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +105.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest black printing ink suppliers to Portugal were Germany ($X), Spain ($X) and the Netherlands ($X), with a combined 88% share of total imports. France, the UK, Italy, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 7.4%.

The Czech Republic, with a CAGR of +105.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average black printing ink import price stood at $X per ton in 2022, growing by 9.4% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink import price increased by +92.1% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 33% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform