Russian Federation: Printing Ink Market 2025

Printing Ink Market Size in the Russian Federation

The Russian printing ink market soared to $X in 2022, rising by 23% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Printing Ink Production in the Russian Federation

In value terms, printing ink production reduced to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 41%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Printing Ink Exports

Exports from the Russian Federation

In 2022, after five years of growth, there was decline in overseas shipments of printing ink, when their volume decreased by -4.6% to X tons. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 66%. The exports peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, printing ink exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 61%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of printing ink exports from Russia, with a combined 83% share of total exports. Armenia and Uzbekistan lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +104.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for printing ink exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 86% share of total exports. Armenia and Uzbekistan lagged somewhat behind, together comprising a further 14%.

In terms of the main countries of destination, Armenia, with a CAGR of +108.6%, recorded 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 printing ink export price amounted to $X per ton, waning by -2.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 an increase of 22%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the 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 Belarus ($X per ton), while the average price for exports to Uzbekistan ($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 Belarus (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Ink Imports

Imports into the Russian Federation

In 2022, the amount of printing ink imported into Russia declined modestly to X tons, approximately mirroring the previous year's figure. Over the period under review, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 8% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing ink imports fell slightly to $X in 2022. Overall, imports recorded a slight contraction. The pace of growth was the most pronounced in 2016 with an increase of 10%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of printing ink to Russia, accounting for a 38% share of total imports. Moreover, printing ink imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Switzerland (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+13.5% per year) and Switzerland (+2.3% per year).

In value terms, Germany ($X), Switzerland ($X) and the Netherlands ($X) were the largest printing ink suppliers to Russia, with a combined 62% share of total imports. The UK, India, Italy, France, Spain, Turkey, Belarus, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 26%.

India, with a CAGR of +18.0%, recorded the highest rates of growth with regard to 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 printing ink import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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