Romania: Ink Market 2022

Ink Market Size in Romania

The Romanian ink market surged to $X in 2021, increasing by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a strong expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Ink Exports

Exports from Romania

In 2021, the amount of inks (excluding printing ink) exported from Romania surged to X tons, rising by 285% compared with 2020. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 9,758% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, ink exports surged to $X in 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 8,558% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and Moldova (X tons) were the main destinations of ink exports from Romania, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +139.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ink exported from Romania were Germany ($X), Italy ($X) and Croatia ($X), together accounting for 73% of total exports.

Italy, with a CAGR of +116.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ink export price stood at $X per ton in 2021, picking up by 84% against the previous year. Over the period under review, the export price recorded strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 212%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Romania

In 2021, the amount of inks (excluding printing ink) imported into Romania rose rapidly to X tons, with an increase of 14% on the year before. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.6% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 107%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, ink imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 127%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of ink to Romania, with a 55% share of total imports. Moreover, ink imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.9% per year) and Poland (+6.6% per year).

In value terms, the Netherlands ($X), Germany ($X) and Austria ($X) appeared to be the largest ink suppliers to Romania, together comprising 77% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +35.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ink import price stood at $X per ton in 2021, surging by 22% against the previous year. Over the period under review, the import price posted a strong expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 61%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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