Benelux: Printing Ink Market 2024

Printing Ink Market Size in Benelux

The Benelux printing ink market reduced dramatically to $X in 2022, waning by -16.3% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Printing Ink Production in Benelux

In value terms, printing ink production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Printing Ink Exports

Exports in Benelux

In 2022, the amount of printing ink exported in Benelux declined notably to X tons, shrinking by -15.4% compared with 2021 figures. Over the period under review, exports saw a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. 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, printing ink exports fell markedly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 38%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X tons) was the main exporter of printing ink, achieving 61% of total exports. Belgium (X tons) ranks second in terms of the total exports with a 21% share, followed by Luxembourg (18%).

From 2012 to 2022, average annual rates of growth with regard to printing ink exports from the Netherlands stood at -3.8%. At the same time, Luxembourg (+8.8%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +8.8% from 2012-2022. Belgium experienced a relatively flat trend pattern. From 2012 to 2022, the share of Luxembourg and Belgium increased by +11 and +2.6 percentage points, respectively.

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

Luxembourg, with a CAGR of +5.3%, 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

In 2022, the export price in Benelux amounted to $X per ton, falling by -20.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 an increase of 19% 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Printing Ink Imports

Imports in Benelux

In 2022, after two years of growth, there was significant decline in supplies from abroad of printing ink, when their volume decreased by -10.4% to X tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, printing ink imports declined remarkably to $X in 2022. In general, imports showed a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of 44%. 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 main importer of printing ink, comprising 68% of total imports. It was distantly followed by the Netherlands (X tons), comprising a 30% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the printing ink imports, with a CAGR of +5.9% from 2012 to 2022. The Netherlands (-5.1%) and Luxembourg (-6.1%) illustrated a downward trend over the same period. While the share of Belgium (+27 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Luxembourg (-1.8 p.p.) and the Netherlands (-25 p.p.) displayed negative dynamics.

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

Belgium, with a CAGR of +1.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, which is down by -11.4% against the previous year. Overall, the import price showed a slight downturn. The most prominent rate of growth was recorded in 2016 when the import price increased by 21%. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform