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EU printing ink market falling

EU printing ink market falling

August 11, 2016

inkjetExports from the region “decelerated in the last year”, despite having grown “steadily over the past six years”.

In a press release, IndexBox Marketing’s new report, EU: Printing Ink – Market Report, Analysis and Forecast to 2020, found that the total number of exports of printing inks from EU member states “grew steadily over the past six years”, but that this growth “decelerated in the last year”, totalling €3.135 billion ($3.493 billion) in 2015. Its data also showed that “EU trade with non-EU countries” has grown, with the EU “remain[ing] a net exporter of printing ink”.

On a nation-by-nation basis, Germany, the Netherlands and the UK were said to be the “main suppliers” in the EU, with respective shares of total exports of 33 percent, 18 percent and 13 percent for a combined share of 64 percent. The Netherlands had seen a 6.1 percent increase per year from 2007 to 2015, making it the “fastest growing supplier among the leaders”, while the UK saw “more modest growth” and Germany “displayed negative dynamics” with a fall of 3.4 percent.

In terms of European exports, the Netherlands and the UK saw respective growth of seven and two percent, with the analysts noting that the countries have “strengthened their positions”, while Germany again saw its share “reduced” from 41 percent in 2007 to 33 percent in 2015. EU member states “engaged in the majority of the printing ink trade”, while “extra-EU exports” accounted for 32 percent of the total last year, for a value of $1.018 billion ($1.134 billion), an increase of six percent year-over-year.

In terms of extra-EU exports share of the total EU printing ink output last year, the analysts commented that the EU industry “is sensitive to the environment [in] the foreign markets”, with “stable demand” providing “significant support to [its] recovery”. Russia, the USA and Turkey have been “the main foreign markets […] for many years”, with shares of 13 percent, nine percent and eight percent respectively, and shipments making up around 30 percent of the whole market.

Categories : City News

Tags : EU Inkjet Market Data

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