Benelux: Black Printing Ink Market 2024

Black Printing Ink Market Size in Benelux

The Benelux black printing ink market skyrocketed to $X in 2022, increasing by 143% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Black Printing Ink Production in Benelux

In value terms, black printing ink production reduced markedly to $X in 2022 estimated in export price. Overall, production, however, saw a dramatic setback. The growth pace was the most rapid in 2016 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Black Printing Ink Exports

Exports in Benelux

In 2022, approx. X tons of black printing ink were exported in Benelux; waning by -32.7% on the year before. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports shrank sharply to $X in 2022. In general, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands was the key exporter of black printing ink in Benelux, with the volume of exports amounting to X tons, which was near 71% of total exports in 2022. Belgium (X tons) ranks second in terms of the total exports with a 22% share, followed by Luxembourg (6.8%).

The Netherlands was also the fastest-growing in terms of the black printing ink exports, with a CAGR of -4.1% from 2012 to 2022. Belgium (-4.4%) and Luxembourg (-16.5%) illustrated a downward trend over the same period. The Netherlands (+12 p.p.) and Belgium (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Luxembourg saw its share reduced by -15.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest black printing ink supplier in Benelux, comprising 70% of total exports. The second position in the ranking was held by Belgium ($X), with a 26% share of total exports.

In the Netherlands, black printing ink exports plunged by an average annual rate of -1.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+3.3% per year) and Luxembourg (-19.4% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, falling by -13.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2017 when the export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Black Printing Ink Imports

Imports in Benelux

In 2022, the amount of black printing ink imported in Benelux reduced to X tons, waning by -10.1% against 2021. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 26% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, black printing ink imports shrank remarkably to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 67%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) represented the key importer of black printing ink, making up 70% of total imports. It was distantly followed by the Netherlands (X tons), constituting a 29% share of total imports.

Belgium was also the fastest-growing in terms of the black printing ink imports, with a CAGR of +9.0% from 2012 to 2022. The Netherlands (-4.0%) illustrated a downward trend over the same period. While the share of Belgium (+31 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-29.4 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022.

Belgium, with a CAGR of +4.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with a decrease of -7.6% against the previous year. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of 33%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%).

Source: IndexBox Platform