28 May 2021
Printing industry stabilised in Q1
Output, orders and confidence to recover in Q2 but cost pressures intensify squeeze on margins.
The UK printing and printed packaging industry achieved a steady balance in Q1 and is expected to take strong strides up the recovery path, with significant increases in output and orders in Q2. To re-cap - the Covid-19 outbreak hit at the end of Q1, Q2 bore the brunt of the impact and whilst Q3 exhibited a recovery, of sorts, Q4 experienced a halt on that recovery path and Q1 saw some moderate improvements as an equilibrium was achieved between the ups and the downs. Fortunately forecasts for Q2 are finally showing the significant improvements that we would all loved to have seen continue six months ago. Now the Covid-19 lockdown restrictions are being lifted, more of the economy is opening up and printers are beginning to see more business returning.
The latest Printing Outlook survey reveals that 33% of printers managed to increase their output levels in the first quarter of 2021. One-third (33%) were able to hold output steady, whilst the remaining 34% were adversely affected by a decline in output. The resulting balance (the difference between the ups and the downs) was -1, up from the -9 reported in Q4 2020 and, whilst still negative, well above the Q1 forecast (-24). Output has yet to return to the positive zone (where more companies report an improvement rather than a decline) but a return towards it is promising.Downloads
1 September 2021
Access the latest edition of the Economic Newsletter for the European Printing Industry for data on paper consumption and pricing data for pulp, paper, recovered paper, and various packaging grades.
6 September 2021
More environmentally friendly printing is fast emerging as a key industry trend for the 2020s. With the UN's Intergovernmental Panel on Climate Change issuing a 'Red Alert' for climate change on 9 August, brand owners and consumers are increasingly searching out and choosing solutions that minimise carbon emissions and waste.