Scandinavia: Ink Market 2024

Ink Market Size in Scandinavia

The Scandinavia ink market skyrocketed to $X in 2021, jumping by 19% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Ink Production in Scandinavia

In value terms, ink production declined to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +24.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 88%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Ink Exports

Exports in Scandinavia

Ink exports amounted to X tons in 2021, approximately mirroring the previous year's figure. Total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, ink exports expanded remarkably to $X in 2021. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 99%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Denmark represented the main exporter of inks (excluding printing ink) in Scandinavia, with the volume of exports resulting at X tons, which was near 61% of total exports in 2021. It was distantly followed by Finland (X tons) and Sweden (X tons), together generating a 38% share of total exports.

Denmark experienced a relatively flat trend pattern with regard to volume of exports of inks (excluding printing ink). At the same time, Finland (+10.1%) and Sweden (+2.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +10.1% from 2012-2021. Finland (+10 p.p.) significantly strengthened its position in terms of the total exports, while Denmark saw its share reduced by -10.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 99% of total exports.

Finland, with a CAGR of +24.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 5.3% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ink export price increased by +6.9% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 67%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+13.3%), while the other leaders experienced more modest paces of growth.

Ink Imports

Imports in Scandinavia

Ink imports surged to X tons in 2021, with an increase of 25% compared with the previous year. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.9% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink imports stood at $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 40%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of ink imports in 2021 were Denmark (X tons), Sweden (X tons), Norway (X tons) and Finland (X tons), together accounting for 100% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +8.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 84% of total imports. Finland lagged somewhat behind, accounting for a further 16%.

Finland, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, declining by -15.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 26% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Denmark ($X per ton), while Finland ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform