Benelux: Color Printing Ink Market 2024

Color Printing Ink Market Size in Benelux

In 2022, the Benelux color printing ink market decreased by -16.7% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +67.2% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Color Printing Ink Production in Benelux

In value terms, color printing ink production expanded to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 with an increase of 44% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Color Printing Ink Exports

Exports in Benelux

In 2022, exports of color printing ink in Benelux reduced to X tons, falling by -10.7% against the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 36%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, color printing ink exports reduced remarkably to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 40%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X tons) represented the largest exporter of color printing ink, committing 59% of total exports. Belgium (X tons) ranks second in terms of the total exports with a 21% share, followed by Luxembourg (20%).

From 2012 to 2022, average annual rates of growth with regard to color printing ink exports from the Netherlands stood at -3.7%. At the same time, Luxembourg (+37.0%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +37.0% from 2012-2022. Belgium experienced a relatively flat trend pattern. From 2012 to 2022, the share of Luxembourg and Belgium increased by +19 and +2.5 percentage points, respectively.

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

Luxembourg, with a CAGR of +34.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, falling by -21.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a 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 (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Color Printing Ink Imports

Imports in Benelux

After two years of growth, purchases abroad of color printing ink decreased by -10.4% to X tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, color printing ink imports dropped markedly to $X in 2022. In general, imports showed a mild downturn. The growth pace was the most rapid in 2017 with an increase of 37%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Belgium was the largest importer of color printing ink in Benelux, with the volume of imports finishing at X tons, which was approx. 67% of total imports in 2022. It was distantly followed by the Netherlands (X tons), constituting a 31% share of total imports. Luxembourg (X tons) took a relatively small share of total imports.

Belgium was also the fastest-growing in terms of the color printing ink imports, with a CAGR of +5.4% from 2012 to 2022. The Netherlands (-5.3%) and Luxembourg (-6.1%) illustrated a downward trend over the same period. Belgium (+26 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and the Netherlands saw its share reduced by -1.8% and -24.3% from 2012 to 2022, respectively.

In value terms, the largest color printing ink importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

In terms of the main importing countries, Belgium, with a CAGR of +1.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, declining by -12.3% against the previous year. Over the period under review, the import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2016 when the import price increased by 17% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform