Ukraine: Black Printing Ink Market 2024

Black Printing Ink Market Size in Ukraine

The Ukrainian black printing ink market declined significantly to $X in 2022, waning by -58.9% 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). Overall, consumption saw a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Black Printing Ink Exports

Exports from Ukraine

After five years of growth, overseas shipments of black printing ink decreased by -12.5% to X tons in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 210% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, black printing ink exports contracted to $X in 2022. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2014 when exports increased by 90%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Poland (X tons) was the main destination for black printing ink exports from Ukraine, accounting for a 69% share of total exports. Moreover, black printing ink exports to Poland exceeded the volume sent to the second major destination, Belarus (X tons), sixfold. Uzbekistan (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at +75.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-3.8% per year) and Uzbekistan (+262.6% per year).

In value terms, Poland ($X) emerged as the key foreign market for black printing ink exports from Ukraine, comprising 65% of total exports. The second position in the ranking was taken by Belarus ($X), with an 11% share of total exports. It was followed by Uzbekistan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Poland stood at +69.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-7.8% per year) and Uzbekistan (+173.9% per year).

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, surging by 3.3% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Moldova ($X per ton) and Azerbaijan ($X per ton), while the average price for exports to Poland ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+5.8%), while the prices for the other major destinations experienced a decline.

Black Printing Ink Imports

Imports into Ukraine

In 2022, imports of black printing ink into Ukraine dropped sharply to X tons, reducing by -58.9% against 2021 figures. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 6.3% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports declined remarkably to $X in 2022. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 82% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of black printing ink to Ukraine, accounting for a 40% share of total imports. Moreover, black printing ink imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.8% per year) and Italy (-15.0% per year).

In value terms, Germany ($X) constituted the largest supplier of black printing ink to Ukraine, comprising 29% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by Poland, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-2.6% per year) and Poland (+7.0% per year).

Import Prices by Country

The average black printing ink import price stood at $X per ton in 2022, growing by 35% against the previous year. Overall, the import price posted strong growth. The growth pace was the most rapid in 2017 when the average import price increased by 80% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform