Ukraine: Printing Ink Market 2024

Printing Ink Market Size in Ukraine

The Ukrainian printing ink market reduced notably to $X in 2022, with a decrease of -71.2% against the previous year. In general, consumption faced a deep contraction. Printing ink consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Printing Ink Production in Ukraine

In value terms, printing ink production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 6.2% against the previous year. Printing ink production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Printing Ink Exports

Exports from Ukraine

Printing ink exports from Ukraine skyrocketed to X tons in 2022, with an increase of 32% on the previous year's figure. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2014 when exports increased by 135%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, printing ink exports amounted to $X in 2022. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 104% 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 printing ink exports from Ukraine, accounting for a 78% share of total exports. Moreover, printing ink exports to Poland exceeded the volume sent to the second major destination, Uzbekistan (X tons), tenfold. The third position in this ranking was held by Belarus (X tons), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at +81.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+285.4% per year) and Belarus (-12.7% per year).

In value terms, Poland ($X) emerged as the key foreign market for printing ink exports from Ukraine, comprising 75% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 8% share of total exports. It was followed by Belarus, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland amounted to +77.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+126.9% per year) and Belarus (-14.8% per year).

Export Prices by Country

In 2022, the average printing ink export price amounted to $X per ton, dropping by -20.8% against the previous year. In general, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 38%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Moldova ($X per ton) and Uzbekistan ($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 (+117.6%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Ink Imports

Imports into Ukraine

In 2022, approx. X tons of printing ink were imported into Ukraine; which is down by -61% against 2021 figures. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.5% 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, printing ink imports declined significantly to $X in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 39%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Switzerland (X tons) and Poland (X tons) were the main suppliers of printing ink imports to Ukraine, together accounting for 51% of total imports. Italy, Austria, the UK, Turkey, Luxembourg, Spain, India and France lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +17.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) constituted the largest supplier of printing ink to Ukraine, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by the UK, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.7% per year) and the UK (-6.4% per year).

Import Prices by Country

In 2022, the average printing ink import price amounted to $X per ton, increasing by 23% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, printing ink import price increased by +84.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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