EU: Printing Ink Market 2024

Printing Ink Market Size in the EU

In 2022, the EU printing ink market decreased by -2.9% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a mild curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Printing Ink Production in the EU

In value terms, printing ink production expanded slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Printing Ink Exports

Exports in the EU

Printing ink exports reduced to X tons in 2022, dropping by -12.6% on the previous year's figure. In general, exports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 28%. 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 dropped notably to $X in 2022. Over the period under review, exports showed a mild contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 32%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany was the major exporter of printing ink in the European Union, with the volume of exports reaching X tons, which was near 40% of total exports in 2022. The Netherlands (X tons) took the second position in the ranking, followed by Spain (X tons), Italy (X tons), France (X tons), Belgium (X tons) and Luxembourg (X tons). All these countries together took approx. 50% share of total exports.

Exports from Germany decreased at an average annual rate of -5.0% from 2012 to 2022. At the same time, Luxembourg (+8.8%) and Spain (+5.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +8.8% from 2012-2022. Belgium and France experienced a relatively flat trend pattern. By contrast, Italy (-1.9%) and the Netherlands (-3.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain and Luxembourg increased by +5.1 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest printing ink supplier in the European Union, comprising 34% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by France, with an 11% share.

In Germany, printing ink exports contracted by an average annual rate of -3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (-3.2% per year) and France (+1.0% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, waning by -2.9% against the previous year. Overall, the export price, however, recorded slight growth. The growth pace was the most rapid in 2013 an increase of 8.5% against the previous year. The level of export peaked at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: 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 (+3.5%), while the other leaders experienced more modest paces of growth.

Printing Ink Imports

Imports in the EU

In 2022, approx. X tons of printing ink were imported in the European Union; declining by -8.5% against the year before. Over the period under review, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2017 when imports increased by 10% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, printing ink imports fell to $X in 2022. In general, imports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2017 when imports increased by 32% against the previous year. 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

In 2022, Belgium (X tons), Germany (X tons), France (X tons), Italy (X tons) and Poland (X tons) represented the major importer of printing ink in the European Union, comprising 59% of total import. The Netherlands (X tons) ranks next in terms of the total imports with a 6.2% share, followed by Spain (5.6%) and Austria (5.4%). The Czech Republic (X tons), Hungary (X tons), Romania (X tons), Slovakia (X tons) and Portugal (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +5.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest printing ink importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together accounting for 41% of total imports. Italy, Poland, Belgium, Austria, Spain, the Czech Republic, Portugal, Hungary, Romania and Slovakia lagged somewhat behind, together accounting for a further 46%.

Among the main importing countries, Poland, with a CAGR of +2.1%, saw the highest rates of growth with regard to 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, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 25% against the previous year. 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 Portugal ($X per ton), while Belgium ($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 more modest paces of growth.

Source: IndexBox Platform

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