EU: Black Printing Ink Market 2024

Black Printing Ink Market Size in the EU

In 2022, the EU black printing ink market increased by 13% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a mild downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Black Printing Ink Production in the EU

In value terms, black printing ink production rose sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Black Printing Ink Exports

Exports in the EU

In 2022, black printing ink exports in the European Union contracted notably to X tons, which is down by -16.6% compared with 2021. Overall, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2017 when exports increased by 45% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, black printing ink exports fell sharply to $X in 2022. Over the period under review, exports recorded a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X tons) represented the key exporter of black printing ink, mixing up 48% of total exports. The Netherlands (X tons) held the second position in the ranking, distantly followed by Spain (X tons), Belgium (X tons), Italy (X tons) and France (X tons). All these countries together held near 41% share of total exports. Sweden (X tons) and Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to black printing ink exports from Germany stood at -2.7%. At the same time, Spain (+10.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +10.5% from 2012-2022. By contrast, Sweden (-1.4%), Italy (-2.1%), France (-4.0%), the Netherlands (-4.1%), Belgium (-4.4%) and Luxembourg (-16.5%) illustrated a downward trend over the same period. Spain (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Luxembourg saw its share reduced by -2.3% and -5.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest black printing ink supplying countries in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 65% of total exports. Belgium, Spain, Italy, Sweden and Luxembourg lagged somewhat behind, together comprising a further 26%.

Spain, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, shrinking by -2.9% 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 2016 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

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 France ($X per ton), while Luxembourg ($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 more modest paces of growth.

Black Printing Ink Imports

Imports in the EU

In 2022, after three years of growth, there was significant decline in purchases abroad of black printing ink, when their volume decreased by -12.2% to X tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. 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 reduced to $X in 2022. Over the period under review, imports saw a slight contraction. The most prominent rate of growth was recorded in 2016 with an increase of 69%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons), Germany (X tons), Italy (X tons), Belgium (X tons), Poland (X tons), Spain (X tons), Austria (X tons), the Netherlands (X tons) and the Czech Republic (X tons) was the major importer of black printing ink in the European Union, constituting 82% of total import.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +9.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest black printing ink importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), together comprising 41% of total imports. The Netherlands, Belgium, Poland, Spain, Austria and the Czech Republic lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Belgium, with a CAGR of +4.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 53%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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