Estonia - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Estonia - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends And Insights

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Ink Price in Estonia - 2023

Contents:

  1. Ink Price in Estonia (CIF) - 2023
  2. Ink Price in Estonia (FOB) - 2023
  3. Ink Imports in Estonia
  4. Ink Exports in Estonia

Ink Price in Estonia (CIF) - 2023

The average ink import price stood at $30,326 per ton in September 2023, reducing by -41.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 88% m-o-m. The import price peaked at $63,510 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($214K per ton), while the price for Poland ($6,002 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Ink Price in Estonia (FOB) - 2023

In September 2023, the average ink export price amounted to $54,399 per ton, which is down by -18.6% against the previous month. Over the period under review, the export price, however, showed a moderate increase. The growth pace was the most rapid in October 2022 an increase of 123% month-to-month. The export price peaked at $165K per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Russia ($57,757 per ton), while the average price for exports to Lithuania ($16,145 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Ink Imports in Estonia

In 2022, approx. 237 tons of inks (excluding printing ink) were imported into Estonia; surging by 2.7% compared with 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 45%. As a result, imports attained the peak of 294 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ink imports fell remarkably to $9.5M in 2022. Overall, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 16%. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Ink in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan6.95.64.93.5-20.2%
NetherlandsN/A4.02.02.2-25.8%
Singapore3.43.13.41.1-31.4%
Czech RepublicN/AN/AN/A0.60%
Sweden0.40.50.40.614.5%
Italy0.30.30.30.2-12.6%
PolandN/A0.10.20.241.4%
Germany0.10.10.10.10.0%
China0.60.10.2N/A-42.3%
Others1.71.71.70.9-19.1%
Total13.415.513.29.5-10.8%

Top Suppliers of Ink to Estonia in 2022:

  1. Japan (92.8 tons)
  2. Czech Republic (30.2 tons)
  3. Poland (28.8 tons)
  4. Sweden (24.4 tons)
  5. Netherlands (20.4 tons)
  6. Italy (16.9 tons)
  7. Germany (5.7 tons)
  8. Singapore (5.2 tons)
  9. China (0.2 tons)

Ink Exports in Estonia

In 2022, overseas shipments of inks (excluding printing ink) were finally on the rise to reach 85 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink exports skyrocketed to $4.2M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Ink in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1,2061,1731,3263,93248.3%
ArmeniaN/AN/AN/A1290%
Lithuania25.538.131.429.44.9%
Belarus42.020.9N/AN/A-50.2%
Others10264.92841205.6%
Total1,3761,2971,6424,21145.2%

Top Export Markets for Ink from Estonia in 2022:

  1. Russia (73.5 tons)
  2. Armenia (6.8 tons)
  3. Lithuania (1.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ink market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20593000 - Inks (excluding printing ink)

Country coverage:

  • Estonia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Estonia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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