The black printing inks market in Lithuania exhibited steady growth from 2013 to 2018, with the volume peaking at 334.3 Thousand Kilograms. This was followed by two consecutive years of decline in 2019 and 2020. However, since 2021, the market has shown a rebound, culminating in a volume of 351.8 Thousand Kilograms in 2023. Over the last five years, the compound annual growth rate (CAGR) stood at 1.03%, indicating modest growth. The year-on-year increase for 2022 and 2023 was 5.74% and 2.94% respectively, suggesting a stabilizing trend.
Future trends to watch for:
- Technological advancements in digital printing could drive demand for specialized inks.
- Environmental regulations may push for more eco-friendly ink solutions.
- Economic factors influencing the manufacturing sector could impact market dynamics.
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31,957,000 | 2023 | -5.83% | -5.47% | View data |
| 2 | 2 United Kingdom | 13,276,000 | 2023 | -6.99% | -6.92% | View data |
| 3 | 3 Italy | 12,556,000 | 2023 | -2.69% | +1.72% | View data |
| 4 | 4 France | 12,482,000 | 2023 | -0.76% | -1.92% | View data |
| 5 | 5 Poland | 9,150,200 | 2023 | +2.35% | +3.21% | View data |
| 9 | 9 Denmark | 1,303,800 | 2023 | -2.33% | -2.67% | View data |
| 10 | 10 Croatia | 667,250 | 2023 | -1.5% | -4.55% | View data |
| 11 | 11 Lithuania | 351,800 | 2023 | +2.94% | +1.03% | |
| 12 | 12 Bulgaria | 339,460 | 2023 | -5.19% | -0.79% | View data |
