Sweden: Ink Market 2024

Ink Market Size in Sweden

The Swedish ink market contracted to $X in 2021, dropping by -8.7% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Ink Production in Sweden

In value terms, ink production dropped dramatically to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 +39.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 79%. As a result, production attained the peak level of $X, and then contracted markedly in the following year.

Ink Exports

Exports from Sweden

In 2021, overseas shipments of inks (excluding printing ink) were finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.7% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ink exports skyrocketed to $X in 2021. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 89%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of ink exports from Sweden, with a combined 52% share of total exports. These countries were followed by France, Poland, Germany, the UK, Lithuania, Ireland and Switzerland, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +37.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for inks (excluding printing ink) exports from Sweden, comprising 55% of total exports. The second position in the ranking was taken by Denmark ($X), with a 20% share of total exports. It was followed by Finland, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Norway totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+1.0% per year) and Finland (+15.3% per year).

Export Prices by Country

The average ink export price stood at $X per ton in 2021, jumping by 27% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ink export price increased by +73.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 36%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Sweden

Ink imports into Sweden was estimated at X tons in 2021, with an increase of 12% compared with 2020 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, ink imports amounted to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 22%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of ink imports to Sweden, together accounting for 77% of total imports. France, the Philippines, the United States, the UK, China and Switzerland lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +171.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Denmark ($X) and Germany ($X) appeared to be the largest ink suppliers to Sweden, with a combined 81% share of total imports. The Philippines, France, the UK, China, the United States and Switzerland lagged somewhat behind, together accounting for a further 12%.

The Philippines, with a CAGR of +178.9%, recorded the highest rates of growth with regard to the value of imports, among 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 2021, the average ink import price amounted to $X per ton, reducing by -9.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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