Sweden: Black Printing Ink Market 2024

Black Printing Ink Market Size in Sweden

The Swedish black printing ink market expanded markedly to $X in 2022, increasing by 5.9% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.7% against 2016 indices. Black printing ink consumption peaked in 2022 and is likely to see gradual growth in the near future.

Black Printing Ink Production in Sweden

In value terms, black printing ink production totaled $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 -0.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Black Printing Ink Exports

Exports from Sweden

In 2022, the amount of black printing ink exported from Sweden fell to X tons, waning by -6.2% compared with the year before. Over the period under review, exports showed a mild reduction. The most prominent rate of growth was recorded in 2013 with an increase of 58%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, black printing ink exports reached $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Norway (X tons) and Finland (X tons) were the main destinations of black printing ink exports from Sweden, with a combined 44% share of total exports. Denmark, the Netherlands, the UK, France, Turkey, Israel, Belgium, South Africa, Poland and Italy lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +25.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for black printing ink exported from Sweden were Germany ($X), Norway ($X) and France ($X), together accounting for 25% of total exports. The UK, Denmark, Poland, Turkey, Finland, Italy, the Netherlands, Israel, South Africa and Belgium lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Israel, with a CAGR of +16.5%, 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

The average black printing ink export price stood at $X per ton in 2022, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2021 an increase of 15%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($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 Germany (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Black Printing Ink Imports

Imports into Sweden

In 2022, supplies from abroad of black printing ink increased by 13% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 44% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, black printing ink imports declined modestly to $X in 2022. Over the period under review, imports, however, recorded a slight decline. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of black printing ink to Sweden, accounting for a 51% share of total imports. Moreover, black printing ink imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.7% per year) and the UK (-4.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of black printing ink to Sweden, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by the UK, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.2% per year) and the UK (-0.2% per year).

Import Prices by Country

The average black printing ink import price stood at $X per ton in 2022, dropping by -14.5% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink import price decreased by -25.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 40%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 the United States ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform