Europe: Ink Market 2024

Ink Market Size in Europe

The Europe ink market shrank to $X in 2021, declining by -5.7% against the previous year. Over the period under review, consumption showed a mild setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ink Production in Europe

In value terms, ink production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Ink Exports

Exports in Europe

Ink exports expanded notably to X tons in 2021, growing by 10% against the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 58%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ink exports stood at $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 112% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) and Germany (X tons) were the largest exporters of inks (excluding printing ink) in 2021, recording near 25% and 23% of total exports, respectively. France (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by the UK (11%) and Spain (4.7%). The following exporters - Switzerland (X tons), Italy (X tons), Belgium (X tons), the Czech Republic (X tons), Poland (X tons) and Denmark (X tons) - together made up 16% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Switzerland (with a CAGR of +12.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the UK ($X) constituted the countries with the highest levels of exports in 2021, together comprising 78% of total exports. These countries were followed by France, the Czech Republic, Spain, Belgium, Italy, Poland, Denmark and Switzerland, which together accounted for a further 16%.

In terms of the main exporting countries, Italy, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, waning by -7.5% against the previous year. In general, the export price continues to indicate a mild curtailment. The growth pace was the most rapid in 2018 when the export price increased by 34% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+7.4%), while the other leaders experienced more modest paces of growth.

Ink Imports

Imports in Europe

In 2021, the amount of inks (excluding printing ink) imported in Europe expanded markedly to X tons, surging by 6.1% compared with 2020 figures. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 63% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, ink imports rose modestly to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +136.3% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by 108%. Over the period under review, imports reached the peak figure at $X in 2013; afterwards, it flattened through to 2021.

Imports by Country

In 2021, the Netherlands (X tons), Germany (X tons) and France (X tons) represented the largest importer of inks (excluding printing ink) in Europe, mixing up 54% of total import. It was distantly followed by the UK (X tons) and Italy (X tons), together mixing up a 14% share of total imports. The following importers - Russia (X tons), Belgium (X tons), Spain (X tons), the Czech Republic (X tons) and Poland (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +6.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ink importing markets in Europe were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 65% of total imports. These countries were followed by the UK, Italy, the Czech Republic, Spain, Poland, Russia and Belgium, which together accounted for a further 22%.

Poland, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Europe stood at $X per ton in 2021, falling by -3.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 28% against the previous year. The level of import peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform