Color printing ink (excluding black) market in Portugal

Earlier Report Observations

The Portuguese color printing ink market grew to 7 207 t in 2019, supported by a concentrated industry structure where the top five companies held 53% of the market and leader CIN strengthened its position. That same year, SAGOB obtained ISO 9001 certification, enhancing product quality and competitiveness, which contributed to the market expansion.

After declining to 6 298 t in 2020, the market recovered to 6 370 t in 2021. This rebound coincided with the foundation of the innovative new player RETROTARGET and the continued growth of CIN, which ranked among Europe's top ten coatings manufacturers. Despite ongoing industry focus on innovation and SAGOB receiving PME Excelência recognition in 2022, the market volume fell to 5 867 t that year.

The market contracted further to 4 754 t in 2023 before partially recovering to 5 959 t in 2024. Domestic production experienced significant volatility, decreasing from 1 896 t in 2019 to 639 t by the end of the period.

Production color printing ink in Portugal

In value, 2018-2021, K $ US

Portugal's production of color printing ink (excluding black) declined for the second year in a row. In 2019, output reached its peak at 8 677 thousand US dollars, with the largest annual increase of 46.8%. By 2021, production had fallen to 5 840 thousand US dollars, marking a significant year-on-year decrease of 19.7%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

In kind, 2018-2021, t

The market showed notable fluctuations during this period. In 2019, production volumes peaked at 1 896 tonnes, with the largest annual increase of 85.8%. By 2021, output had dropped to 953 tonnes, a sharp decline of 37.1% compared to the previous year, resulting in a top-to-bottom ratio of 2 times.

Annual dynamics of production in Portugal in kind, 2018-2021, t

Exports color printing ink from Portugal

Exports in kind, t

Market behavior was volatile over these years. In 2020, exports hit their lowest point at 215 tonnes, with the largest annual decline of 25.2%. By 2021, exports had risen to 380 tonnes, a substantial year-on-year increase of 76.7%, creating a peak-to-trough amplitude of 1.8 times from 2020 to 2021.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

From 2018 to 2021, the main destinations for Portugal's exports of color printing ink (excluding black) in volume terms were Spain, accounting for 61.0% of exports, Angola with 18.4%, and Cabo Verde at 3.8%. Together, these three countries represented 83.1% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

After two years of decline, Portugal's exports of color printing ink (excluding black) in value terms rebounded. In 2020, exports reached their minimum at 7 649 thousand US dollars, with the largest annual decrease of 16.2%. By 2021, exports had increased to 10 138 thousand US dollars, showing a year-on-year improvement of 32.5%. Over the 2018-2021 period, exports decreased by 2.3%, with a compound annual growth rate of 0.8%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

Throughout 2018 to 2021, Spain was the leading partner for Portugal's exports of color printing ink (excluding black) in value terms, accounting for 60.7% of exports. Poland followed with 12.2%, and Angola with 8.4%. These three countries together made up 81.3% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports color printing ink to Portugal

Imports in kind, t

Following a two-year drop, Portugal's imports of color printing ink (excluding black) in volume terms increased. In 2020, imports were at their lowest at 4 997 tonnes, with the largest annual decline of 10.7%. By 2021, imports had risen to approximately 5 798 tonnes, indicating a robust year-on-year increase of 16.0%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

From 2018 to 2021, Spain, Germany, and Italy were the three principal sources for Portugal's imports of color printing ink (excluding black) in volume terms, collectively accounting for 83.7% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

After two years of decline, Portugal's imports of color printing ink (excluding black) in value terms saw an upturn. In 2020, imports were at their minimum at 58 899 thousand US dollars, with the largest annual decrease of 4.8%. By 2021, imports had totaled 67 126 thousand US dollars, equivalent to a significant year-on-year improvement of 14.0%. Over the 2018-2021 period, imports increased by 6.2%, with a compound annual growth rate of 2.0%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

From 2018 to 2021, Spain, Germany, and the Netherlands consistently led as the top sources for Portugal's imports of color printing ink (excluding black) in value terms. Spain accounted for 34.1% of imports, Germany for 29.6%, and the Netherlands for 18.6%, together representing 82.3% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021