Luxembourg: Color Printing Ink Market 2024

Color Printing Ink Market Size in Luxembourg

In 2022, the Luxembourg color printing ink market decreased by -14.3% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a deep slump. Color printing ink consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Color Printing Ink Production in Luxembourg

In value terms, color printing ink production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 1,421% against the previous year. Color printing ink production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Color Printing Ink Exports

Exports from Luxembourg

In 2022, exports of color printing ink from Luxembourg reduced modestly to X tons, with a decrease of -3.4% compared with 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 704% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced modestly in the following year.

In value terms, color printing ink exports shrank to $X in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 692%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons) was the main destination for color printing ink exports from Luxembourg, accounting for a 36% share of total exports. Moreover, color printing ink exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Hungary (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +37.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+41.8% per year) and Hungary (+44.1% per year).

In value terms, Germany ($X), Poland ($X) and France ($X) appeared to be the largest markets for color printing ink exported from Luxembourg worldwide, with a combined 67% share of total exports.

Poland, with a CAGR of +76.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, declining by -4.7% against the previous year. Over the period under review, the export price recorded a perceptible decline. The growth pace was the most rapid in 2021 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($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 Poland (+7.4%), while the prices for the other major destinations experienced a decline.

Color Printing Ink Imports

Imports into Luxembourg

In 2022, approx. X tons of color printing ink were imported into Luxembourg; falling by -11.9% against the previous year. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 29%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports reduced notably to $X in 2022. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 57%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of color printing ink imports to Luxembourg, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +17.9%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest color printing ink suppliers to Luxembourg, together accounting for 77% of total imports.

Italy, with a CAGR of +20.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, dropping by -7.3% against the previous year. In general, the import price recorded a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform