Denmark: Ink Market 2024

Ink Market Size in Denmark

The Danish ink market surged to $X in 2021, jumping by 74% against the previous year. Overall, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ink Production in Denmark

In value terms, ink production surged to $X in 2021 estimated in export price. In general, production continues to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 372%. Ink production peaked in 2021 and is likely to see gradual growth in the immediate term.

Ink Exports

Exports from Denmark

In 2021, shipments abroad of inks (excluding printing ink) decreased by -5.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 39% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, ink exports reduced to $X in 2021. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 131%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Sweden (X tons) were the main destinations of ink exports from Denmark, together accounting for 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +116.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for inks (excluding printing ink) exports from Denmark, comprising 51% of total exports. The second position in the ranking was held by Norway ($X), with a 19% share of total exports. It was followed by Algeria, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+0.6% per year) and Algeria (+0.1% per year).

Export Prices by Country

In 2021, the average ink export price amounted to $X per ton, declining by -8.6% against the previous year. In general, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 75% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Denmark

In 2021, approx. X tons of inks (excluding printing ink) were imported into Denmark; jumping by 50% compared with the year before. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 51% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, ink imports rose slightly to $X in 2021. Over the period under review, imports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 102%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of ink imports to Denmark, together comprising 78% of total imports. These countries were followed by Poland, Spain, China, Belgium and the UK, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +84.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of inks (excluding printing ink) to Denmark, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Sweden, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and Sweden (-4.8% per year).

Import Prices by Country

The average ink import price stood at $X per ton in 2021, shrinking by -31.8% against the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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