Report Update: Apr 1, 2024

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

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Ink Price in Bulgaria - 2023

Ink Price in Bulgaria (CIF) - 2023

In June 2023, the average ink import price amounted to $30,434 per ton, remaining stable against the previous month. Overall, the import price posted temperate growth. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 332% month-to-month. As a result, import price attained the peak level of $88,094 per ton. From October 2022 to June 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Romania ($141K per ton), while the price for Germany ($9,042 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Ink Price in Bulgaria (FOB) - 2022

The average ink export price stood at $63,017 per ton in 2022, shrinking by -24.5% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2016 an increase of 105% against the previous year. The export price peaked at $83,431 per ton in 2021, and then reduced sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($154,573 per ton), while the average price for exports to Greece ($18,733 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports in Bulgaria

In 2022, overseas purchases of inks (excluding printing ink) decreased by -27.1% to 376 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, imports attained the peak of 516 tons, and then dropped markedly in the following year.

In value terms, ink imports reduced remarkably to $12M in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 198%. As a result, imports attained the peak of $19M, and then reduced remarkably in the following year.

Import of Ink in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	1,543	953	1,151	1,892	7.0%
Italy	331	1,537	11,829	1,852	77.5%
Germany	1,069	964	1,403	1,596	14.3%
Hungary	385	446	519	1,524	58.2%
Netherlands	451	481	1,176	1,126	35.7%
United States	549	543	759	1,077	25.2%
Denmark	520	537	544	925	21.2%
Czech Republic	2.7	180	116	509	473.4%
Turkey	230	215	638	313	10.8%
Poland	80.2	111	195	288	53.1%
Romania	77.0	77.2	162	247	47.5%
China	88.7	88.4	216	217	34.7%
Belgium	141	199	187	199	12.2%
Others	396	207	597	474	6.2%
Total	5,862	6,540	19,492	12,240	27.8%

Top Suppliers of Ink to Bulgaria in 2022:

Germany (147.5 tons)
Turkey (61.1 tons)
United States (30.0 tons)
Denmark (19.8 tons)
Netherlands (15.7 tons)
Italy (15.1 tons)
China (13.9 tons)
Czech Republic (13.8 tons)
Austria (11.4 tons)
Belgium (10.7 tons)
Poland (10.4 tons)
Romania (10.1 tons)
Hungary (6.0 tons)

Ink Exports in Bulgaria

In 2022, the amount of inks (excluding printing ink) exported from Bulgaria surged to 115 tons, with an increase of 72% against 2021 figures. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 112%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ink exports soared to $7.3M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 135% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Ink in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	741	1,474	1,046	1,611	29.5%
Turkey	6.1	221	301	1,103	465.5%
Germany	26.3	548	478	1,010	237.4%
Czech Republic	44.7	45.1	65.7	944	176.4%
Netherlands	201	261	319	527	37.9%
France	64.3	118	122	499	98.0%
Spain	120	155	171	296	35.1%
United Kingdom	54.9	53.5	30.3	125	31.6%
Finland	11.8	1.9	14.5	121	117.3%
Poland	85.3	143	188	111	9.2%
Serbia	2.3	41.0	11.1	111	264.1%
Romania	46.3	77.7	72.3	78.8	19.4%
Greece	431	390	123	69.5	-45.6%
Others	207	1,267	2,637	656	46.9%
Total	2,042	4,796	5,579	7,262	52.6%

Top Export Markets for Ink from Bulgaria in 2022:

Czech Republic (20.7 tons)
Germany (18.1 tons)
Turkey (17.7 tons)
France (10.6 tons)
Italy (10.4 tons)
Spain (6.3 tons)
Netherlands (5.2 tons)
Greece (3.7 tons)
Finland (3.0 tons)
Poland (2.5 tons)
United Kingdom (1.9 tons)
Romania (1.7 tons)
Serbia (1.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ink market in Bulgaria. 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:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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