Slovakia: Color Printing Ink Market 2024

Color Printing Ink Market Size in Slovakia

The Slovak color printing ink market contracted markedly to $X in 2022, falling by -24.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Color Printing Ink Exports

Exports from Slovakia

In 2022, overseas shipments of color printing ink decreased by -34.7% to X tons, falling for the third year in a row after two years of growth. Overall, exports, however, showed a moderate expansion. The pace of growth was the most pronounced in 2013 when exports increased by 521% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, color printing ink exports fell notably to $X in 2022. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 511% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Germany (X tons) were the main destinations of color printing ink exports from Slovakia, with a combined 79% share of total exports. Belarus, Lithuania, the United States, Slovenia, Hungary and Belgium lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +158.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for color printing ink exports from Slovakia, comprising 45% of total exports. The second position in the ranking was taken by Austria ($X), with a 21% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+37.2% per year) and Germany (-0.4% per year).

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, with a decrease of -4% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per ton), while the average price for exports to the United States ($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 the United States (+0.3%), while the prices for the other major destinations experienced a decline.

Color Printing Ink Imports

Imports into Slovakia

In 2022, imports of color printing ink into Slovakia declined remarkably to X tons, waning by -27.2% against the previous year. Overall, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, color printing ink imports dropped markedly to $X in 2022. Over the period under review, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 52%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of color printing ink imports to Slovakia, with a combined 78% share of total imports. Poland, Spain, Hungary and India lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +60.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink suppliers to Slovakia were Germany ($X), Austria ($X) and Italy ($X), with a combined 64% share of total imports. Poland, Spain, Hungary and India lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, India, with a CAGR of +59.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average color printing ink import price amounted to $X per ton, increasing by 7.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2016 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 Spain ($X per ton), while the price for Poland ($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 (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform