Ukraine: Color Printing Ink Market 2025

Color Printing Ink Market Size in Ukraine

The Ukrainian color printing ink market fell markedly to $X in 2022, which is down by -73.5% against the previous year. Overall, consumption saw a abrupt descent. Color printing ink consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Color Printing Ink Production in Ukraine

In value terms, color printing ink production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The growth pace was the most rapid in 2021 when the production volume increased by 6.2%. Color printing ink production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Color Printing Ink Exports

Exports from Ukraine

In 2022, approx. X tons of color printing ink were exported from Ukraine; with an increase of 38% compared with 2021 figures. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 131%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, color printing ink exports rose rapidly to $X in 2022. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 105% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for color printing ink exports from Ukraine, with a 78% share of total exports. Moreover, color printing ink exports to Poland exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. Belarus (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +82.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+288.5% per year) and Belarus (-13.4% per year).

In value terms, Poland ($X) emerged as the key foreign market for color printing ink exports from Ukraine, comprising 76% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 7.8% share of total exports. It was followed by Belarus, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Poland stood at +78.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+123.6% per year) and Belarus (-15.4% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, dropping by -23.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2019 an increase of 40%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uzbekistan ($X per ton) and Belarus ($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 Switzerland (+125.3%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Ukraine

In 2022, color printing ink imports into Ukraine dropped notably to X tons, shrinking by -61.3% against 2021 figures. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports declined remarkably to $X in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

Germany (X tons), Switzerland (X tons) and Poland (X tons) were the main suppliers of color printing ink imports to Ukraine, with a combined 49% share of total imports. Italy, Austria, the UK, Luxembourg, Turkey, Spain, India and France lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +17.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) constituted the largest supplier of color printing ink to Ukraine, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by the UK, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.4% per year) and the UK (-7.2% per year).

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, color printing ink import price increased by +83.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Switzerland ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform