The Printing Inks (Excluding Black) market in Belgium experienced fluctuating trends from 2012 to 2022. The market volume saw an initial rise due to positive year-on-year variations in early years, reaching its peak in 2017 with a value of 33.809 million kilograms. From 2018, a considerable decline was observed with a sharp drop of 24.96% followed by very modest to negative growth rates in the subsequent years. The last recorded volume for 2022 was 27.467 million kilograms, with a slight growth of 4.28% from the previous year. Over the last five years, the market exhibited an average decline with a CAGR of -4.07%.
Future trends to watch for include the potential impact of technological advancements in digital printing, sustainability trends driving demand for environmentally friendly inks, and shifts in consumer preferences. Monitoring how these factors could influence market growth or contraction through 2024 and beyond will be crucial for stakeholders.
How does Belgium rank in Printing Inks (Excluding Black) Market Size Volume?
| # | 17 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 226,380,000 | 2023 | +0.88% | -0.07% | View data |
| 2 | 2 Italy | 138,930,000 | 2023 | +1.2% | -3.33% | View data |
| 3 | 3 Spain | 64,141,000 | 2023 | +0.29% | +0.19% | View data |
| 4 | 4 Netherlands | 56,476,000 | 2023 | +2.53% | -3.26% | View data |
| 5 | 5 United Kingdom | 49,361,000 | 2023 | -4.84% | -4.93% | View data |
| 6 | 6 France | 47,660,000 | 2023 | -2.54% | -2.01% | View data |
| 7 | 7 Poland | 39,708,000 | 2023 | -0.48% | +1.45% | View data |
| 8 | 8 Belgium | 30,296,000 | 2023 | -0.18% | +3.61% | |
| 9 | 9 Czech Republic | 11,801,000 | 2023 | +0.37% | +2.05% | View data |
| 10 | 10 Hungary | 7,420,100 | 2023 | +0.23% | -0.68% | View data |
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