Which Country Exports the Most Printing Ink in the World?
Paints and Varnishes May 28, 2018
Global printing ink exports amounted to 1.1M tonnes in 2016, export ,therefore, remained relatively stable against the previous year figure. Overall, printing ink exports continue to indicate a mild slump. The growth pace was the most rapid in 2010, when export increased by 9% y-o-y. Global printing ink export peaked of 1.2M tonnes in 2007; however, from 2008 to 2016, it stood at a somewhat lower level.
In value terms, printing ink exports stood at $11B in 2016. The total export value increased at an average annual rate of +3.1% from 2007 to 2016; the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, global printing ink exports attained its maximum level of $13B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Top Printing Ink Exporting Countries in the World
1. Germany (2,941.0 million USD)
2. Netherlands (1,317.9 million USD)
3. United Kingdom (1,046.5 million USD)
4. USA (932.0 million USD)
5. Japan (704.3 million USD)
6. France (639.3 million USD)
7. Singapore (369.8 million USD)
8. Italy (364.4 million USD)
9. China (315.9 million USD)
10. South Korea (210.7 million USD)
11. Spain (158.8 million USD)
12. India (149.5 million USD)
Printing Ink Exports By Country
Germany (296K tonnes) represented the largest exporter of printing ink in the world, amounting to 296K tonnes, which was near 27% of total exports in 2016. It was distantly followed by the U.S. (115K tonnes), the Netherlands (104K tonnes), and Italy (51K tonnes), together constituting 25% share of total printing ink exports. The UK (49K tonnes), India (48K tonnes), China (48K tonnes), France (45K tonnes), South Korea (34K tonnes), Japan (32K tonnes), Spain (25K tonnes), and Singapore (21K tonnes) held the slight share of total exports.
Exports from Germany decreased at an average annual rate of -1.9% from 2007 to 2016. At the same time, Singapore (+5.6%), the Netherlands (+3.5%), South Korea (+2.6%), and Spain (+1.8%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest growing importer/exporter in the world, with a CAGR of +5.6% from 2007-2016. Italy, the U.S., India, and China experienced a relatively flat trend pattern. By contrast, the UK (-2.0%), France (-2.1%), and Japan (-5.0%) illustrated a downward trend over the same period. While the share of Germany (5%), and Japan (2%) increased significantly, the share of the Netherlands (-2.6%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($2.9B) remains the largest printing ink supplier in the world, making up 26% of global exports. The second position in the ranking was occupied by the Netherlands ($1.3B), with the share of 12% of global exports. It was followed by the UK, with the share of 9%.
From 2007 to 2016, the average annual growth rate of value of printing ink exports in Germany stood at +6.4%. The remaining exporting countries recorded the following average annual rates: the Netherlands (+5.4% per year) and the UK (+2.0% per year).
Printing Ink Export Prices By Country
In 2016, the average export price for printing ink amounted to $11 per kg, remaining relatively unchanged against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the export price value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, printing ink export price decreased by -12.0% against its level of 2014. The pace of growth was the most pronounced in 2011, when export increased by 19% y-o-y. Global printing ink export peaked of $12 per kg in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Japan ($22 per kg), while India ($3,141 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of printing ink export prices was attained by Germany (+8.5% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global printing ink market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- printing ink market share
- printing ink prices
- printing ink industry
- printing ink sales
- printing ink import
- printing ink export
- printing ink market forecast
- printing ink price forecast
- key printing ink producers
All data provided in this article covers the following product: HS Code 3215 - Ink; printing, writing or drawing ink and other inks; whether or not concentrated or solid.
Source: World: Printing Ink - Market Report. Analysis and Forecast to 2025
