EU: Color Printing Ink Market 2024

Color Printing Ink Market Size in the EU

After two years of growth, the EU color printing ink market decreased by -2.9% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Color Printing Ink Production in the EU

In value terms, color printing ink production rose significantly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 27%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Color Printing Ink Exports

Exports in the EU

In 2022, the amount of color printing ink exported in the European Union contracted to X tons, falling by -11.6% against the year before. In general, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of 22%. 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, color printing ink exports shrank to $X in 2022. Over the period under review, exports saw a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. 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

Germany was the key exporter of color printing ink in the European Union, with the volume of exports recording X tons, which was near 38% of total exports in 2022. It was distantly followed by the Netherlands (X tons), Spain (X tons), Italy (X tons), France (X tons), Belgium (X tons) and Luxembourg (X tons), together generating a 51% share of total exports.

Exports from Germany decreased at an average annual rate of -5.5% from 2012 to 2022. At the same time, Luxembourg (+37.0%) and Spain (+4.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +37.0% from 2012-2022. Belgium and France experienced a relatively flat trend pattern. By contrast, Italy (-1.9%) and the Netherlands (-3.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Luxembourg, Spain, Belgium and France increased by +5.3, +4.7, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest color printing ink supplier in the European Union, comprising 34% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled -4.1%. In the other countries, the average annual rates were as follows: the Netherlands (-3.7% per year) and France (+1.5% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, dropping by -3.1% against the previous year. Over the period under review, the export price, however, showed a mild increase. The pace of growth appeared the most rapid in 2013 an increase of 8.8%. The level of export peaked at $X per ton in 2021, and then shrank modestly 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 (+2.3%), while the other leaders experienced more modest paces of growth.

Color Printing Ink Imports

Imports in the EU

In 2022, the amount of color printing ink imported in the European Union dropped to X tons, declining by -7.6% compared with the year before. In general, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of 8.7% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports dropped to $X in 2022. Over the period under review, imports saw a mild decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the nine major importers of color printing ink, namely Belgium, Germany, France, Poland, Italy, the Netherlands, Spain, Austria and the Czech Republic, represented more than two-thirds of total import. Hungary (X tons), Romania (X tons), Slovakia (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +5.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink importing markets in the European Union were Germany ($X), France ($X) and Poland ($X), with a combined 42% share of total imports.

Poland, with a CAGR of +1.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 20% 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.

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 Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform