Croatia: Ink Market 2024

Ink Market Size in Croatia

After two years of growth, the Croatian ink market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed strong growth. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Ink Production in Croatia

In value terms, ink production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ink Exports

Exports from Croatia

In 2022, the amount of inks (excluding printing ink) exported from Croatia surged to X tons, jumping by X% compared with the previous year. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, ink exports soared to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Serbia (X tons) and Slovenia (X tons) were the main destinations of ink exports from Croatia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Belgium ($X) and Serbia ($X) appeared to be the largest markets for ink exported from Croatia worldwide, together comprising X% of total exports. Turkey, Bosnia and Herzegovina, North Macedonia, Austria and Germany lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ink export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted a prominent increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Turkey ($X 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 North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Croatia

In 2022, imports of inks (excluding printing ink) into Croatia dropped dramatically to X tons, falling by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted sharply in the following year.

In value terms, ink imports fell to $X in 2022. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of ink to Croatia, with a X% share of total imports. Moreover, ink imports from Germany exceeded the figures recorded by the second-largest supplier, Israel (X tons), fourfold. The third position in this ranking was held by Austria (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and Austria (X% per year).

In value terms, Austria ($X) constituted the largest supplier of inks (excluding printing ink) to Croatia, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Austria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average ink import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price saw a strong expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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