Luxembourg: Printing Ink Market 2024

Printing Ink Market Size in Luxembourg

In 2022, the Luxembourg printing ink market decreased by -1.6% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption saw a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Printing Ink Production in Luxembourg

In value terms, printing ink production totaled $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.3% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 50% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Printing Ink Exports

Exports from Luxembourg

In 2022, the amount of printing ink exported from Luxembourg declined modestly to X tons, waning by -4.2% against 2021 figures. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 44% against the previous year. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, printing ink exports reduced to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.9% per year) and Hungary (+10.2% per year).

In value terms, Germany ($X), Poland ($X) and France ($X) were the largest markets for printing ink exported from Luxembourg worldwide, together comprising 67% of total exports.

Poland, with a CAGR of +39.4%, recorded the highest growth rate of 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

In 2022, the average printing ink export price amounted to $X per ton, reducing by -4.4% against the previous year. In general, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 (+8.6%), while the prices for the other major destinations experienced a decline.

Printing Ink Imports

Imports into Luxembourg

In 2022, purchases abroad of printing ink decreased by -11.5% to X tons, falling for the fourth year in a row after two years of growth. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, printing ink imports fell dramatically to $X in 2022. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 72% against the previous year. Over the period under review, imports hit record highs 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 printing ink imports to Luxembourg, together accounting for 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +18.0%), 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 printing ink suppliers to Luxembourg, with a combined 77% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average printing ink import price amounted to $X per ton, shrinking by -6.9% against the previous year. In general, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 29%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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