Belgium: Printing Ink Market 2024

Printing Ink Market Size in Belgium

In 2022, after two years of growth, there was significant decline in the Belgian printing ink market, when its value decreased by X% to $X. In general, consumption saw a slight setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Printing Ink Production in Belgium

In value terms, printing ink production dropped markedly to $X in 2022 estimated in export price. In general, production recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Printing ink production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Printing Ink Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in overseas shipments of printing ink, which increased by X% to X tons in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, printing ink exports expanded notably to $X in 2022. Overall, exports posted a moderate expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for printing ink exports from Belgium, accounting for a X% share of total exports. Moreover, printing ink exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, the largest markets for printing ink exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total exports. The UK, Poland, Spain, Brazil, Italy, the Czech Republic, Turkey, Austria, Mexico and Egypt lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Brazil, with a CAGR of X%, saw 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 printing ink export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Printing Ink Imports

Imports into Belgium

After two years of growth, overseas purchases of printing ink decreased by X% to X tons in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, printing ink imports contracted dramatically to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest printing ink supplier to Belgium, accounting for a X% share of total imports. Moreover, printing ink imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

In value terms, the largest printing ink suppliers to Belgium were Germany ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total imports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average printing ink import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform