Slovakia: Printing Ink Market 2024

Printing Ink Market Size in Slovakia

The Slovak printing ink market dropped markedly to $X in 2022, waning by -24.1% 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). Over the period under review, consumption continues to indicate a pronounced decline. Printing ink consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Printing Ink Exports

Exports from Slovakia

In 2022, the amount of printing ink exported from Slovakia declined rapidly to X tons, shrinking by -32.2% against 2021 figures. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 191%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing ink exports declined markedly to $X in 2022. In general, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of 98% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Germany (X tons) were the main destinations of printing ink exports from Slovakia, with a combined 75% share of total exports. Belarus, Lithuania, the United States, Mexico, Hungary and Belgium lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +158.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for printing ink exports from Slovakia, comprising 46% of total exports. The second position in the ranking was taken by Austria ($X), with a 19% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to -23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+37.4% per year) and Germany (-2.0% per year).

Export Prices by Country

In 2022, the average printing ink export price amounted to $X per ton, dropping by -7.2% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2021 an increase of 42% against the previous year. 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 stood at a somewhat 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 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 Lithuania (-1.3%), while the prices for the other major destinations experienced a decline.

Printing Ink Imports

Imports into Slovakia

In 2022, printing ink imports into Slovakia declined sharply to X tons, dropping by -26.3% compared with 2021. Over the period under review, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 38%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, printing ink imports fell rapidly to $X in 2022. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2013 with an increase of 43% against the previous year. Over the period under review, imports attained the peak figure 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 printing ink imports to Slovakia, together accounting for 80% of total imports. Poland, Spain, India and Hungary lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +63.6%), while purchases for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, India, with a CAGR of +61.2%, 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

The average printing ink import price stood at $X per ton in 2022, with an increase of 6.7% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2018 an increase of 17%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Spain ($X per ton), while the price for Germany ($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 (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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