Romania: Color Printing Ink Market 2024

Color Printing Ink Market Size in Romania

In 2022, the Romanian color printing ink market decreased by -10.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Color Printing Ink Production in Romania

In value terms, color printing ink production surged to $X in 2022 estimated in export price. In general, production, however, showed a slight expansion. Color printing ink production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Color Printing Ink Exports

Exports from Romania

In 2022, the amount of color printing ink exported from Romania rose notably to X tons, growing by 11% against the previous year's figure. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by 154% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, color printing ink exports totaled $X in 2022. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 149%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for color printing ink exports from Romania, accounting for a 61% share of total exports. Moreover, color printing ink exports to Hungary exceeded the volume sent to the second major destination, Bulgaria (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary stood at +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+16.4% per year) and Italy (+41.8% per year).

In value terms, the largest markets for color printing ink exported from Romania were Hungary ($X), Bulgaria ($X) and Moldova ($X), with a combined 84% share of total exports. Italy lagged somewhat behind, comprising a further 9.1%.

Italy, with a CAGR of +31.2%, recorded the highest rates of growth with regard to the value of exports, among 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 color printing ink export price amounted to $X per ton, waning by -6.5% against the previous year. In general, the export price, however, recorded a modest expansion. The growth pace was the most rapid in 2016 when the average export price increased by 187%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Italy ($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 Moldova (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Color Printing Ink Imports

Imports into Romania

For the sixth year in a row, Romania recorded growth in purchases abroad of color printing ink, which increased by 0.9% to X tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 8%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, color printing ink imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Greece (X tons) were the main suppliers of color printing ink imports to Romania, with a combined 59% share of total imports. France, the Netherlands, Hungary, Poland, Turkey and Austria lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink suppliers to Romania were Germany ($X), Italy ($X) and France ($X), together accounting for 50% of total imports. The Netherlands, Greece, Hungary, Poland, Turkey and Austria lagged somewhat behind, together comprising a further 32%.

The Netherlands, with a CAGR of +11.6%, recorded the highest growth rate of the value of imports, among 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 color printing ink import price stood at $X per ton in 2022, shrinking by -10.7% against 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 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform