Switzerland: Ink Market 2024

Ink Market Size in Switzerland

The Swiss ink market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Ink consumption peaked in 2022 and is likely to see gradual growth in years to come.

Ink Production in Switzerland

In value terms, ink production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Ink Exports

Exports from Switzerland

After two years of growth, overseas shipments of inks (excluding printing ink) decreased by X% to X tons in 2022. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced remarkably in the following year.

In value terms, ink exports fell notably to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for ink exports from Switzerland, with a X% share of total exports. Moreover, ink exports to China exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, China ($X) remains the key foreign market for inks (excluding printing ink) exports from Switzerland, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average ink export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to China ($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 India (X%), while the prices for the other major destinations experienced a decline.

Ink Imports

Imports into Switzerland

In 2022, supplies from abroad of inks (excluding printing ink) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, ink imports reduced dramatically to $X in 2022. In general, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest ink supplier to Switzerland, accounting for a X% share of total imports. Moreover, ink imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, the Netherlands ($X), Japan ($X) and China ($X) constituted the largest ink suppliers to Switzerland, with a combined X% share of total imports. Germany, the Philippines, Malaysia, the United States, the Czech Republic, Singapore, France and Italy lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 ink import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Singapore ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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