United Kingdom: Color Printing Ink Market 2024

Color Printing Ink Market Size in the UK

The UK color printing ink market dropped to $X in 2022, declining by -2.1% against the previous year. Over the period under review, consumption recorded a mild shrinkage. Color printing ink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Color Printing Ink Production in the UK

In value terms, color printing ink production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 12%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Color Printing Ink Exports

Exports from the UK

In 2022, overseas shipments of color printing ink decreased by -12.8% to X tons, falling for the sixth consecutive year after three years of growth. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 16% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, color printing ink exports totaled $X in 2022. Over the period under review, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 when exports increased by 11%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Italy (X tons) and Spain (X tons) were the main destinations of color printing ink exports from the UK, with a combined 22% share of total exports. The United States, Poland, Turkey, India, France, Austria, Germany, Vietnam, Ireland and Australia lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +37.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for color printing ink exported from the UK were the Netherlands ($X), the United States ($X) and Italy ($X), with a combined 33% share of total exports. Austria, Turkey, Poland, Spain, India, France, Germany, Australia, Ireland and Vietnam lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Vietnam, with a CAGR of +28.6%, 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 color printing ink export price stood at $X per ton in 2022, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level 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 the United States ($X per ton), while the average price for exports to Vietnam ($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 Italy (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into the UK

Color printing ink imports into the UK contracted to X tons in 2022, shrinking by -11% on the previous year. Over the period under review, imports saw a pronounced setback. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports plummeted to $X in 2022. Overall, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when imports increased by 37%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of color printing ink imports to the UK, with a combined 66% share of total imports. Italy, Luxembourg, the United States, France, Belgium and Ireland lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +14.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) were the largest color printing ink suppliers to the UK, with a combined 44% share of total imports. France, Spain, Italy, Belgium, Luxembourg and Ireland lagged somewhat behind, together comprising a further 32%.

Luxembourg, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average color printing ink import price amounted to $X per ton, which is down by -6.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 65% against the previous year. As a result, import price attained 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 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 Belgium (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform