Europe: Printing Ink Market 2024

Printing Ink Market Size in Europe

After two years of growth, the Europe printing ink market decreased by -2.2% to $X in 2022. In general, consumption showed a mild contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Printing Ink Production in Europe

In value terms, printing ink production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 11%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Printing Ink Exports

Exports in Europe

In 2022, printing ink exports in Europe contracted to X tons, with a decrease of -12.6% compared with 2021. Over the period under review, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 26% 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 somewhat lower figure.

In value terms, printing ink exports fell to $X in 2022. Overall, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2017 when exports increased by 29% against the previous year. 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

In 2022, Germany (X tons) was the largest exporter of printing ink, mixing up 38% of total exports. The Netherlands (X tons) took the second position in the ranking, followed by Spain (X tons), Italy (X tons), France (X tons) and Belgium (X tons). All these countries together took approx. 42% share of total exports. Luxembourg (X tons), the UK (X tons), Sweden (X tons) and Poland (X tons) held a minor 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%), Poland (+8.7%) and Spain (+5.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Europe, with a CAGR of +8.8% from 2012-2022. Sweden, Belgium and France experienced a relatively flat trend pattern. By contrast, Italy (-1.9%), the Netherlands (-3.8%) and the UK (-5.1%) illustrated a downward trend over the same period. While the share of Spain (+4.8 p.p.) and Luxembourg (+3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-1.8 p.p.) and Germany (-10 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest printing ink supplier in Europe, comprising 30% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at -3.6%. 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

The export price in Europe stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 7.6%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, 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 the UK ($X per ton), while Luxembourg ($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 Europe

In 2022, approx. X tons of printing ink were imported in Europe; reducing by -8.5% on 2021 figures. In general, imports showed a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 7.3%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing ink imports dropped to $X in 2022. Over the period under review, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons), Germany (X tons), France (X tons), Italy (X tons), Poland (X tons), Russia (X tons), the UK (X tons), the Netherlands (X tons), Spain (X tons), Austria (X tons) and the Czech Republic (X tons) was the largest importer of printing ink in Europe, constituting 78% of total import. The following importers - Belarus (X tons) and Hungary (X tons) - each resulted at a 4.3% 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, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 34% share of total imports. Italy, Poland, Russia, Belgium, the UK, Austria, Spain, the Czech Republic, Hungary and Belarus lagged somewhat behind, together accounting for a further 46%.

Among the main importing countries, Belarus, with a CAGR of +3.2%, saw 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

The import price in Europe stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 24%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 the Netherlands (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform