Germany: Ink Market 2024

Ink Market Size in Germany

The German ink market fell to $X in 2021, waning by -6.9% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Ink Production in Germany

In value terms, ink production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable shrinkage. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ink Exports

Exports from Germany

In 2021, shipments abroad of inks (excluding printing ink) increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 131%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ink exports rose sharply to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 534% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), the Netherlands (X tons) and Italy (X tons) were the main destinations of ink exports from Germany, together accounting for 34% of total exports. The UK, France, the Czech Republic, Poland, India, Spain, the United States, Austria, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +18.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ink exported from Germany were the Netherlands ($X), France ($X) and the UK ($X), together comprising 46% of total exports. These countries were followed by Italy, the Czech Republic, Spain, Poland, Austria, the United Arab Emirates, Russia, China, the United States and India, which together accounted for a further 35%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +50.0%, recorded 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 average ink export price amounted to $X per ton, shrinking by -4.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 174%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Germany

In 2021, overseas purchases of inks (excluding printing ink) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 224%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, ink imports shrank slightly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 453% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest ink supplier to Germany, with a 42% share of total imports. Moreover, ink imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and the United States (+12.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of inks (excluding printing ink) to Germany, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Singapore, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.9% per year) and Singapore (+8.2% per year).

Import Prices by Country

The average ink import price stood at $X per ton in 2021, shrinking by -7.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 71%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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