United Kingdom: Printing Ink Market 2024

Printing Ink Market Size in the UK

In 2022, the UK printing ink market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a mild descent. Printing ink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Printing Ink Production in the UK

In value terms, printing ink production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Printing Ink Exports

Exports from the UK

In 2022, printing ink exports from the UK plummeted to X tons, which is down by X% on 2021. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, printing ink exports fell slightly to $X in 2022. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. 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 Netherlands (X tons), the United States (X tons) and Italy (X tons) were the main destinations of printing ink exports from the UK, with a combined X% share of total exports. Germany, Spain, France, Turkey, India, Poland, Ireland, Russia, Austria and Finland lagged somewhat behind, together comprising a further X%.

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

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

In terms of the main countries of destination, Turkey, with a CAGR of X%, recorded the highest growth rate of 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 printing ink export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Finland ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Ink Imports

Imports into the UK

In 2022, the amount of printing ink imported into the UK fell slightly to X tons, declining by X% on the previous year's figure. In general, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, printing ink imports declined sharply to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

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

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

Import Prices by Country

The average printing ink import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform