Denmark: Color Printing Ink Market 2024

Color Printing Ink Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish color printing ink market, when its value decreased by -32.9% to $X. Over the period under review, consumption continues to indicate a noticeable curtailment. Color printing ink consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Color Printing Ink Production in Denmark

In value terms, color printing ink production declined markedly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

Color Printing Ink Exports

Exports from Denmark

In 2022, shipments abroad of color printing ink decreased by -12.2% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, color printing ink exports dropped significantly to $X in 2022. Over the period under review, exports recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons), the United States (X tons) and Colombia (X tons) were the main destinations of color printing ink exports from Denmark, with a combined 38% share of total exports. Austria, Turkey, Cyprus, Chile, South Africa, the Czech Republic, Sweden, Russia, Poland and North Macedonia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +39.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) remains the key foreign market for color printing ink exports from Denmark, comprising 22% of total exports. The second position in the ranking was taken by Austria ($X), with a 6.6% share of total exports. It was followed by Sweden, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+29.0% per year) and Sweden (-19.3% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, with a decrease of -11.7% against the previous year. In general, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 58%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the United States ($X 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 Sweden (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Denmark

In 2022, purchases abroad of color printing ink decreased by -23.6% to X tons, falling for the ninth consecutive year after two years of growth. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by 2.2%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, color printing ink imports fell to $X in 2022. Overall, imports recorded a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of 33%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of color printing ink to Denmark, with a 61% share of total imports. Moreover, color printing ink imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. France (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-9.3% per year) and France (+13.4% per year).

In value terms, Germany ($X), Sweden ($X) and the Netherlands ($X) were the largest color printing ink suppliers to Denmark, together accounting for 75% of total imports. France, the UK, Belgium and Finland lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, France, with a CAGR of +20.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, growing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform