Report Update: May 1, 2024

Serbia - Black Printing Ink - Market Analysis, Forecast, Size, Trends And Insights

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Black Printing Ink Price in Serbia - 2023

Black Printing Ink Price in Serbia (CIF) - 2022

In 2022, the average black printing ink import price amounted to $6,988 per ton, surging by 15% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink import price increased by +38.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 27%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($39,093 per ton), while the price for Luxembourg ($1,799 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Black Printing Ink Price in Serbia (FOB) - 2022

In 2022, the average black printing ink export price amounted to $3,547 per ton, which is down by -36.4% against the previous year. In general, the export price showed a slight reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 39% against the previous year. The export price peaked at $6,433 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($19,839 per ton), while the average price for exports to Russia ($1,602 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 Germany (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports in Serbia

In 2022, approx. 616 tons of black printing ink were imported into Serbia; with a decrease of -8.1% compared with the previous year. Over the period under review, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 8.5% against the previous year.

In value terms, black printing ink imports rose notably to $4.3M in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Black Printing Ink in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	795	841	1,148	1,060	10.1%
Germany	765	667	749	869	4.3%
Netherlands	249	280	250	299	6.3%
France	290	309	314	265	-3.0%
Italy	94.1	104	192	256	39.6%
Spain	237	215	238	229	-1.1%
India	135	128	164	185	11.1%
Greece	49.4	35.9	60.8	142	42.2%
China	44.1	40.9	58.9	122	40.4%
Luxembourg	23.5	25.6	26.6	29.5	7.9%
Austria	120	110	93.8	13.5	-51.7%
Others	738	784	794	838	4.3%
Total	3,540	3,541	4,090	4,307	6.8%

Top Suppliers of Black Printing Ink to Serbia in 2022:

Germany (236.1 tons)
Spain (68.9 tons)
France (50.0 tons)
Italy (49.0 tons)
Netherlands (45.5 tons)
India (38.0 tons)
Greece (27.1 tons)
United Kingdom (27.1 tons)
Luxembourg (16.4 tons)
China (10.9 tons)
Austria (3.0 tons)

Black Printing Ink Exports in Serbia

In 2022, approx. 249 tons of black printing ink were exported from Serbia; rising by 40% against the previous year's figure. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 147%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, black printing ink exports declined to $883K in 2022. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2021 when exports increased by 152% against the previous year. As a result, the exports attained the peak of $991K, and then fell in the following year.

Export of Black Printing Ink in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	N/A	163	264	62.0%
Bosnia and Herzegovina	177	156	163	173	-0.8%
North Macedonia	82.3	102	123	146	21.1%
Montenegro	90.0	71.3	90.7	103	4.6%
Croatia	10.7	10.4	10.9	28.3	38.3%
Others	179	53.8	441	169	-1.9%
Total	539	393	991	883	17.9%

Top Export Markets for Black Printing Ink from Serbia in 2022:

Russia (164.7 tons)
North Macedonia (36.8 tons)
Bosnia and Herzegovina (32.4 tons)
Montenegro (5.2 tons)
Croatia (3.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the black printing ink market in Serbia. 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

Country coverage:

Serbia

Data coverage:

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