Switzerland: Ink Market 2024

Ink Market Size in Switzerland

In 2021, the Swiss ink market decreased by -18.7% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Ink consumption peaked at $X in 2020, and then shrank markedly in the following year.

Ink Production in Switzerland

In value terms, ink production rose to $X in 2021 estimated in export price. Over the period under review, production posted prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 79% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Ink Exports

Exports from Switzerland

In 2021, the amount of inks (excluding printing ink) exported from Switzerland soared to X tons, growing by 31% on 2020. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 46% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, ink exports soared to $X in 2021. Over the period under review, exports posted a moderate expansion. The pace of growth was the most pronounced in 2016 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for ink exports from Switzerland, with a 87% share of total exports. It was followed by Germany (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.4% per year) and India (-8.0% per year).

In value terms, China ($X) remains the key foreign market for inks (excluding printing ink) exports from Switzerland, comprising 40% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.2% per year) and India (-7.7% per year).

Export Prices by Country

The average ink export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.3%), while the prices for the other major destinations experienced a decline.

Ink Imports

Imports into Switzerland

In 2021, supplies from abroad of inks (excluding printing ink) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, ink imports reduced dramatically to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 75% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of ink imports to Switzerland, together accounting for 57% of total imports. Germany, the Philippines, the UK, the United States, the Czech Republic, Malaysia, Italy, Singapore and France lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +58.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of inks (excluding printing ink) to Switzerland, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.8% per year) and the Netherlands (+17.1% per year).

Import Prices by Country

The average ink import price stood at $X per ton in 2021, shrinking by -26.2% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 36% against the previous year. The import price peaked at $X per ton in 2020, and then reduced remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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