
France - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends And Insights
France's Ink Price Reduces Modestly to $55 per kg
France Ink Import Price in October 2022
In October 2022, the ink price stood at $55.0 per kg (CIF, France), waning by -13.4% against the previous month. Over the period under review, the import price continues to indicate a noticeable setback. The growth pace was the most rapid in July 2022 when the average import price increased by 34% m-o-m. As a result, import price reached the peak level of $75.3 per kg. From August 2022 to October 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2022, the country with the highest price was Germany ($148 per kg), while the price for China ($12.1 per kg) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced a decline.
France Ink Imports
In October 2022, purchases abroad of inks (excluding printing ink) increased by 31% to 1.1K tons, rising for the third month in a row after two months of decline. In general, total imports indicated a modest expansion from January 2022 to October 2022: its volume increased at an average monthly rate of +1.7% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, imports increased by +74.1% against July 2022 indices. The pace of growth was the most pronounced in May 2022 with an increase of 31% against the previous month. Over the period under review, imports attained the maximum at 1.5K tons in March 2022; however, from April 2022 to October 2022, imports remained at a lower figure.
In value terms, ink imports rose notably to $63M (IndexBox estimates) in October 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 with an increase of 25% m-o-m. Imports peaked at 77K tons in March 2022; however, from April 2022 to October 2022, imports remained at a lower figure.
France Ink Imports by Country
In October 2022, the Netherlands (593 tons) constituted the largest ink supplier to France, with a 52% share of total imports. Moreover, ink imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Japan (151 tons), fourfold. The third position in this ranking was held by Germany (127 tons), with an 11% share.
From January 2022 to October 2022, the average monthly growth rate of volume from the Netherlands stood at +2.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-2.0% per month) and Germany (-4.7% per month).
In value terms, the largest ink suppliers to France were the Netherlands ($26M), Germany ($19M) and Japan ($6.8M), with a combined 82% share of total imports. These countries were followed by the Philippines, China, Belgium and the UK, which together accounted for a further 9.2%.
In terms of the main suppliers, the Philippines, with a CAGR of +68.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Factors Affecting Ink Prices
Ink prices in France are some of the highest in the world, and there are several factors that contribute to this. One is the high cost of living in the country, which drives up prices for all goods and services. Additionally, France has a very high tax rate on ink and other printing supplies, which further increases costs.
Finally, the French market for ink is relatively small, so there are fewer suppliers competing for business, which also drives up prices. There are only a handful of companies that control the majority of the market share, so they are able to set prices relatively high without fear of losing customers. Additionally, many of these companies have exclusive deals with printer manufacturers, which gives them a monopoly on the market.
This report provides an in-depth analysis of the ink market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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