Ireland: Black Printing Ink Market 2024

Black Printing Ink Market Size in Ireland

For the fourth year in a row, the Irish black printing ink market recorded decline in sales value, which decreased by -39% to $X in 2022. Over the period under review, consumption showed a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Black Printing Ink Exports

Exports from Ireland

Black printing ink exports from Ireland surged to X tons in 2022, picking up by 181% on 2021 figures. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 446% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, black printing ink exports shrank dramatically to $X in 2022. In general, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2016 when exports increased by 820% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for black printing ink exports from Ireland, with a 91% share of total exports. Moreover, black printing ink exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+69.4% per year) and Germany (-50.8% per year).

In value terms, the UK ($X) emerged as the key foreign market for black printing ink exports from Ireland, comprising 80% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+110.7% per year) and Germany (-36.0% per year).

Export Prices by Country

The average black printing ink export price stood at $X per ton in 2022, declining by -76.7% against the previous year. In general, the export price, however, showed mild growth. The most prominent rate of growth was recorded in 2016 an increase of 665%. The export price peaked at $X per ton in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+171.0%), while the prices for the other major destinations experienced more modest paces of growth.

Black Printing Ink Imports

Imports into Ireland

In 2022, purchases abroad of black printing ink decreased by 0% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 77% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports amounted to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 26% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of black printing ink to Ireland, with a 69% share of total imports. Moreover, black printing ink imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. Belgium (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and Belgium (+51.5% per year).

In value terms, the largest black printing ink suppliers to Ireland were the UK ($X), China ($X) and Singapore ($X), together accounting for 54% of total imports.

Singapore, with a CAGR of +46.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average black printing ink import price amounted to $X per ton, remaining stable against the previous year. In general, the import price saw a mild slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform