Black printing ink market in Finland

Earlier Report Observations

The market for black printing ink in Finland, measured in value, showed considerable fluctuation between 2018 and 2024. Starting at 4.4 million USD in 2018, it expanded significantly to 6.0 million USD in 2019. After a modest contraction to 5.6 million USD in 2020, the market declined further to 5.1 million USD in 2021 before rebounding to a peak of 6.2 million USD in 2022. The following two years saw a renewed downturn, with the market value settling at 5.5 million USD in 2023 and 5.1 million USD in 2024.

A shift in the printing technology landscape influenced the market's structure during this period. Major player Epson's strategic pivot away from laser printers to focus on inkjet technology globally altered product availability and likely supported demand for liquid inks in Finland. Concurrently, the domestic retail environment evolved with the continued operation of specialized online stores like Mustekasetti.com, which have offered a wide range of ink cartridges and supplies to consumers and businesses since 1996, facilitating market access.

Consumer preferences gradually shifted towards more durable, waterproof pigment-based inks, which are typically higher in value. This trend was set against a backdrop of ongoing price competition between original and compatible cartridges. Furthermore, the impending EU Ecodesign Regulation (EU 2024/1781), scheduled to take effect in mid-2024, introduced new environmental requirements for products, potentially affecting the sustainability specifications for inks and printers available on the Finnish market.

Production black printing ink in Finland

In value, 2017-2020, K $ US

Finland's black printing ink production value declined for the second consecutive year. In 2020, output was valued at 1 214 thousand US dollars, down 1.2% from the previous year. Over the 2017-2020 period, production increased by 32.1%, representing a compound annual growth rate of 9.7%. The largest increase occurred in 2018, when production rose by 51.2% to reach its peak value of 1 389 thousand US dollars. The following year saw the largest decline, with production falling by 11.6% in 2019.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, t

Finland's black printing ink production volume declined for the second consecutive year. In 2020, the country produced 296.3 tonnes of black printing ink, representing a 3.3% decrease from the previous year. Between 2017 and 2020, production increased by 35.7%, equivalent to an annualized growth rate of 10.7%. The largest increase occurred in 2018, when production rose by 50.5% to reach its peak volume of 328.4 tonnes. The following year saw the largest decline, with production falling by 6.7% in 2019.

Annual dynamics of production in Finland in kind, 2017-2020, t

Exports black printing ink from Finland

Exports in kind, t

Finland's black printing ink export volumes showed significant fluctuations during the period. In 2019, exports reached their minimum at just 4 tonnes, representing a 98.5% decline from the previous year. The following year saw a dramatic turnaround, with exports surging by 5,594.0% to reach 215 tonnes in 2020. Between 2017 and 2019, export volumes experienced extreme volatility, with a peak-to-trough amplitude of 79 times.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

Throughout the 2017-2020 period, Latvia, Estonia, and Sweden remained Finland's key export partners for black printing ink by volume. Latvia accounted for 33.8% of exports, Estonia for 25.5%, and Sweden for 25.1%. Together, these three countries represented 84.4% of Finland's total black printing ink exports by volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

Finland's black printing ink export value declined for the third consecutive year. In 2020, exports amounted to 772 thousand US dollars, reflecting a 15.6% decrease from 2019. Over the 2017-2020 period, export value decreased by 80.2%, representing a compound annual decline rate of 41.7%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

During the 2017-2020 period, Russia, Latvia, and Sweden continued to be Finland's main export markets for black printing ink by value. Russia accounted for 45.7% of export value, Latvia for 15.7%, and Sweden for 10.2%. Together, these three countries represented 71.5% of Finland's total black printing ink export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports black printing ink to Finland

Imports in kind, t

Finland's black printing ink import volumes showed extreme volatility during the period. In 2019, imports reached their minimum at just 13 tonnes, representing a 99.4% decline from the previous year. The following year saw a dramatic recovery, with imports surging by 12,967.8% to reach 1 715 tonnes in 2020. Between 2017 and 2019, import volumes experienced a 215-fold shift from their peak to their trough.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

During the 2017-2020 period, Sweden, the Netherlands, and Germany formed Finland's main sources of black printing ink imports by volume. Sweden accounted for 24.1% of imports, the Netherlands for 23.9%, and Germany for 19.0%. Together, these three countries represented 67.0% of Finland's total black printing ink imports by volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Finland's black printing ink import value declined for the third consecutive year. In 2020, imports amounted to approximately 5 161 thousand US dollars, representing a 9.4% decrease from the previous year. Between 2017 and 2020, import value decreased by 55.7%, equivalent to an annualized decline rate of 23.7%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

During the 2017-2020 period, Germany, the Netherlands, and the United Kingdom formed Finland's main sources of black printing ink imports by value. Germany accounted for 22.8% of import value, the Netherlands for 16.8%, and the United Kingdom for 15.3%. Together, these three countries represented 54.8% of Finland's total black printing ink import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020