Portugal: Ink-Pad Market 2024

Ink-Pad Market Size in Portugal

The Portuguese ink-pad market skyrocketed to $X in 2022, picking up by 22% against the previous year. In general, consumption, however, showed a pronounced descent. Ink-pad consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ink-Pad Production in Portugal

In value terms, ink-pad production fell to $X in 2022 estimated in export price. Overall, production, however, saw a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of 0.9%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ink-Pad Exports

Exports from Portugal

In 2022, ink-pad exports from Portugal reduced sharply to X units, with a decrease of -92.8% on the year before. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 1,008% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, ink-pad exports shrank remarkably to $X in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 427%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Guinea-Bissau (X units), Angola (X units) and the Netherlands (X units) were the main destinations of ink-pad exports from Portugal, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +320.6%), while shipments for the other leaders experienced a decline.

In value terms, Angola ($X) emerged as the key foreign market for ink-pads exports from Portugal, comprising 57% of total exports. The second position in the ranking was held by Guinea-Bissau ($X), with a 25% share of total exports. It was followed by Ukraine, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola stood at -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea-Bissau (-9.6% per year) and Ukraine (+350.6% per year).

Export Prices by Country

The average ink-pad export price stood at $X per unit in 2022, rising by 135% against the previous year. Overall, the export price posted a mild expansion. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to the Netherlands ($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 Ukraine (+1,088.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ink-Pad Imports

Imports into Portugal

For the third year in a row, Portugal recorded growth in supplies from abroad of ink-pads, which increased by 83% to X units in 2022. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 129% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, ink-pad imports skyrocketed to $X in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 96% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of ink-pad to Portugal, with a 69% share of total imports. Moreover, ink-pad imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was taken by the Netherlands (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.3% per year) and the Netherlands (-0.5% per year).

In value terms, Spain ($X) constituted the largest supplier of ink-pads to Portugal, comprising 73% of total imports. The second position in the ranking was held by Austria ($X), with an 8.7% share of total imports. It was followed by China, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-3.7% per year) and China (+0.4% per year).

Import Prices by Country

In 2022, the average ink-pad import price amounted to $X per unit, reducing by -20.2% against the previous year. In general, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 103% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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