Portugal: Color Printing Ink Market 2024

Color Printing Ink Market Size in Portugal

The Portuguese color printing ink market dropped to $X in 2022, which is down by -10.8% against the previous year. Overall, consumption continues to indicate a perceptible curtailment. Color printing ink consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Color Printing Ink Production in Portugal

In value terms, color printing ink production soared to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 47%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Color Printing Ink Exports

Exports from Portugal

Color printing ink exports from Portugal declined to X tons in 2022, with a decrease of -12.5% against the previous year's figure. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.2% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 59% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, color printing ink exports contracted to $X in 2022. In general, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 56%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for color printing ink exports from Portugal, accounting for a 51% share of total exports. Moreover, color printing ink exports to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Angola (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.9% per year) and Angola (-12.0% per year).

In value terms, Spain ($X) remains the key foreign market for color printing ink exports from Portugal, comprising 57% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by Angola, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+51.7% per year) and Angola (-7.5% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to France ($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 Poland (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Portugal

In 2022, approx. X tons of color printing ink were imported into Portugal; declining by -12.1% against 2021 figures. Over the period under review, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports reduced rapidly to $X in 2022. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of color printing ink imports to Portugal, together accounting for 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +1.4%), while imports for the other leaders experienced a decline.

In value terms, the largest color printing ink suppliers to Portugal were Spain ($X), Germany ($X) and the Netherlands ($X), together accounting for 83% of total imports.

The Netherlands, with a CAGR of +0.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average color printing ink import price amounted to $X per ton, dropping by -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 when the average import price increased by 27%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform