United Kingdom: Black Printing Ink Market 2024

Black Printing Ink Market Size in the UK

The UK black printing ink market dropped modestly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a mild slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Black Printing Ink Production in the UK

In value terms, black printing ink production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Black Printing Ink Exports

Exports from the UK

In 2022, approx. X tons of black printing ink were exported from the UK; waning by -28% against 2021. Over the period under review, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 when exports increased by 21% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, black printing ink exports reduced to $X in 2022. In general, exports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 19%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of black printing ink exports from the UK, together comprising 27% of total exports. Finland, Ireland, France, Russia, India, Italy, Turkey, Norway, Belgium and Japan lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +19.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Italy ($X) were the largest markets for black printing ink exported from the UK worldwide, together comprising 32% of total exports. Germany, India, Turkey, France, Russia, Ireland, Japan, Belgium, Finland and Norway lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Turkey, with a CAGR of +7.3%, 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

In 2022, the average black printing ink export price amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Finland ($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 Belgium (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Black Printing Ink Imports

Imports into the UK

Black printing ink imports into the UK reduced rapidly to X tons in 2022, with a decrease of -32.3% compared with 2021. In general, imports saw a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 20% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, black printing ink imports declined markedly to $X in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 25%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest black printing ink supplier to the UK, accounting for a 46% share of total imports. Moreover, black printing ink imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.9% per year) and the United States (-13.4% per year).

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) were the largest black printing ink suppliers to the UK, together accounting for 58% of total imports. Japan, France, Belgium, India, Spain, Italy, Ireland and Luxembourg lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Japan, with a CAGR of +0.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average black printing ink import price stood at $X per ton in 2022, rising by 13% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2018 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 Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform