Denmark - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Denmark: Ink Market 2022
Ink Market Size in Denmark
The Danish ink market surged to $X in 2021, rising by 42% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.0% against 2016 indices. Ink consumption peaked in 2021 and is expected to retain growth in years to come.
Ink Production in Denmark
In value terms, ink production shrank to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 372% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.
Ink Exports
Exports from Denmark
In 2021, after two years of growth, there was decline in shipments abroad of inks (excluding printing ink), when their volume decreased by -5% to X tons. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 36%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.
In value terms, ink exports fell to $X in 2021. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 131% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Exports by Country
Germany (X tons), the United States (X tons) and Sweden (X tons) were the main destinations of ink exports from Denmark, with a combined 66% share of total exports.
From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +116.5%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Sweden ($X) remains the key foreign market for ink exports from Denmark, comprising 51% of total exports. The second position in the ranking was held by Norway ($X), with a 19% share of total exports. It was followed by Algeria, with an 8.1% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+0.6% per year) and Algeria (+0.1% per year).
Export Prices by Country
In 2021, the average ink export price amounted to $X per ton, dropping by -8.8% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 75% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Algeria ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Ink Imports
Imports into Denmark
In 2021, ink imports into Denmark surged to X tons, with an increase of 49% on 2020 figures. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 60%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.
In value terms, ink imports rose to $X in 2021. Overall, imports saw a temperate expansion. The pace of growth was the most pronounced in 2017 when imports increased by 102%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
Imports by Country
The Netherlands (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of ink imports to Denmark, together accounting for 78% of total imports. Poland, Spain, China, Belgium and the UK lagged somewhat behind, together accounting for a further 13%.
From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +83.8%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($X) constituted the largest supplier of ink to Denmark, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Sweden, with a 6.7% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and Sweden (-4.8% per year).
Import Prices by Country
In 2021, the average ink import price amounted to $X per ton, with a decrease of -31.3% against the previous year. In general, the import price recorded a perceptible decline. The pace of growth appeared the most rapid in 2017 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
| Base Year | Historical Period | Forecast Period | Units |
|---|---|---|---|
| 2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the ink market in Denmark. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
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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