Report Update: May 1, 2024

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

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Ink Price in Spain - 2023

Ink Price in Spain (CIF) - 2022

In 2022, the average ink import price amounted to $47,833 per ton, increasing by 1.7% against the previous year. In general, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 62%. Over the period under review, average import prices hit record highs at $82,873 per ton in 2012; however, from 2013 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 France ($92,961 per ton), while the price for the United States ($20,154 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Ink Price in Spain (FOB) - 2023

The average ink export price stood at $12,036 per ton in June 2023, with a decrease of -56.3% against the previous month. In general, the export price showed a abrupt downturn. The growth pace was the most rapid in September 2022 when the average export price increased by 41% month-to-month. Over the period under review, the average export prices hit record highs at $31,306 per ton in December 2022; however, from January 2023 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($130K per ton), while the average price for exports to Australia ($2,763 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports in Spain

Ink imports into Spain contracted to 3K tons in 2022, standing approx. at the year before. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year.

In value terms, ink imports amounted to $146M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Import of Ink in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	27.9	51.4	53.6	50.7	22.0%
Netherlands	16.4	26.0	27.7	31.5	24.3%
Italy	3.7	17.4	17.8	15.0	59.5%
France	3.3	2.3	6.5	8.6	37.6%
Japan	7.5	7.5	9.0	8.5	4.3%
Czech Republic	1.2	4.9	5.8	7.9	87.4%
China	44.6	4.8	6.2	6.7	-46.8%
United States	5.5	0.7	1.2	1.4	-36.6%
Others	22.5	15.2	16.3	15.2	-12.3%
Total	133	130	144	146	3.2%

Top Suppliers of Ink to Spain in 2022:

Germany (688.5 tons)
Netherlands (676.3 tons)
Italy (476.2 tons)
Japan (423.7 tons)
China (244.8 tons)
Czech Republic (99.6 tons)
France (92.5 tons)
United States (69.7 tons)

Ink Exports in Spain

In 2022, shipments abroad of inks (excluding printing ink) decreased by -0.1% to 3.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 25%.

In value terms, ink exports expanded rapidly to $90M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Ink in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	4.6	14.0	12.3	17.5	56.1%
Italy	7.9	10.5	22.2	15.3	24.6%
Portugal	8.0	9.7	12.2	14.8	22.8%
Germany	4.4	4.7	5.0	10.7	34.5%
France	4.6	3.9	5.7	8.8	24.1%
Bangladesh	3.1	4.5	3.9	2.2	-10.8%
Turkey	0.6	0.3	0.4	1.7	41.5%
Morocco	0.8	0.4	0.9	1.4	20.5%
Cuba	1.6	1.3	0.6	1.0	-14.5%
Brazil	0.1	0.2	0.2	0.2	26.0%
Others	14.0	16.5	16.6	16.0	4.6%
Total	49.7	66.1	80.1	89.6	21.7%

Top Export Markets for Ink from Spain in 2022:

Netherlands (717.6 tons)
Bangladesh (519.0 tons)
Portugal (484.9 tons)
Italy (431.0 tons)
France (337.3 tons)
Germany (214.8 tons)
Morocco (114.3 tons)
Turkey (110.2 tons)
Cuba (58.2 tons)
Brazil (54.2 tons)

Source: IndexBox Market Intelligence Platform

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

Spain

Data coverage:

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