Spain - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's 2023 Printing Ink Exports Reach An Average of $214 Million
Spain Printing Ink Exports
In 2023, shipments abroad of printing ink decreased by -9.4% to 37K tons, falling for the second consecutive year after five years of growth. Over the period under review, total exports indicated a moderate increase from 2013 to 2023: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by -10.2% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of 42K tons. From 2022 to 2023, the growth of the exports failed to regain momentum.
In value terms, printing ink exports shrank modestly to $214M (IndexBox estimates) in 2023. Overall, total exports indicated a notable increase from 2013 to 2023: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +69.8% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. The exports peaked at $214M in 2022, and then contracted modestly in the following year.
| COUNTRY | Export Value of Printing Ink in Spain (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| France | 20.3 | 17.7 | 15.2 | 13.5 | 17.2 | 16.6 | 18.1 | 15.5 | 18.7 | 21.4 | 23.7 |
| Belgium | 1.4 | 1.3 | 1.2 | 1.0 | 1.3 | 1.2 | 2.3 | 15.0 | 24.3 | 29.6 | 22.5 |
| Poland | 10.4 | 8.7 | 6.4 | 7.2 | 9.5 | 11.0 | 11.1 | 10.5 | 14.9 | 15.6 | 20.9 |
| Italy | 17.1 | 15.8 | 12.8 | 13.7 | 12.4 | 12.7 | 14.3 | 14.6 | 17.6 | 18.6 | 17.5 |
| Portugal | 24.7 | 18.3 | 15.8 | 17.7 | 18.5 | 11.1 | 11.0 | 10.5 | 14.6 | 16.0 | 17.1 |
| Germany | 14.3 | 13.7 | 9.3 | 10.2 | 12.7 | 14.1 | 12.4 | 10.5 | 13.5 | 14.8 | 14.9 |
| United Kingdom | 2.8 | 2.7 | 2.6 | 2.2 | 3.2 | 3.6 | 4.8 | 3.5 | 5.2 | 10.9 | 12.7 |
| Turkey | 4.3 | 4.2 | 3.1 | 3.4 | 4.2 | 5.6 | 6.1 | 7.2 | 7.1 | 9.7 | 10.0 |
| Others | 63.5 | 64.7 | 59.4 | 58.8 | 63.6 | 71.0 | 70.5 | 72.3 | 90.3 | 77.8 | 74.3 |
| Total | 159 | 147 | 126 | 128 | 143 | 147 | 151 | 160 | 206 | 214 | 214 |
Exports by Country
Italy (4.6K tons), France (4.4K tons) and Poland (3.6K tons) were the main destinations of printing ink exports from Spain, together comprising 33% of total exports. Belgium, the UK, Germany, Portugal and Turkey lagged somewhat behind, together accounting for a further 33%.
From 2013 to 2023, the biggest increases were recorded for Belgium (with a CAGR of +31.2%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for printing ink exported from Spain were France ($24M), Belgium ($23M) and Poland ($21M), with a combined 31% share of total exports.
Among the main countries of destination, Belgium, with a CAGR of +32.4%, saw 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.
Exports by Type
Color printing ink (30K tons) was the largest type of printing ink exported from Spain, with a 81% share of total exports. Moreover, color printing ink exceeded the volume of the second product type, black printing ink (6.9K tons), fourfold.
From 2013 to 2023, the average annual growth rate of the volume of color printing ink exports totaled +3.4%.
In value terms, color printing ink ($178M) remains the largest type of printing ink exported from Spain, comprising 83% of total exports. The second position in the ranking was held by black printing ink ($36M), with a 17% share of total exports.
From 2013 to 2023, the average annual growth rate of the value of color printing ink exports amounted to +2.7%.
Export Prices by Country
In 2023, the printing ink price amounted to $5,705 per ton (FOB, Spain), increasing by 9.9% against the previous year. In general, the export price, however, showed a mild curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 20%. Over the period under review, the average export prices attained the peak figure at $6,452 per ton in 2013; however, from 2014 to 2023, the 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 Portugal ($7,588 per ton), while the average price for exports to Australia ($2,654 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the printing 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 20302450 - Black printing inks
- Prodcom 20302470 - Printing inks (excluding black)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
