Russian Federation: Printing Ink Market 2024

Printing Ink Market Size in the Russian Federation

In 2022, the Russian printing ink market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Printing Ink Production in the Russian Federation

In value terms, printing ink production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Printing ink production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Printing Ink Exports

Exports from the Russian Federation

In 2022, shipments abroad of printing ink was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, printing ink exports expanded remarkably to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for printing ink exports from Russia, accounting for a X% share of total exports. Moreover, printing ink exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X tons), threefold. The third position in this ranking was held by Azerbaijan (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Azerbaijan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for printing ink exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The average printing ink export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Uzbekistan ($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 Uzbekistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Ink Imports

Imports into the Russian Federation

After two years of decline, supplies from abroad of printing ink increased by X% to X tons in 2022. Overall, imports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, printing ink imports shrank modestly to $X in 2022. In general, imports, however, saw a mild setback. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of printing ink imports to Russia, together accounting for X% of total imports. China, the Netherlands, Poland, India, France, Lithuania, the UK, Spain and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest printing ink suppliers to Russia were Turkey ($X), Germany ($X) and China ($X), together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average printing ink import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform