Argentina: Ink-Pad Market 2024

Ink-Pad Market Size in Argentina

The Argentinian ink-pad market fell to $X in 2022, waning by -5.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. Ink-pad consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ink-Pad Exports

Exports from Argentina

In 2022, the amount of ink-pads exported from Argentina skyrocketed to X units, increasing by 64% compared with the year before. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 410%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ink-pad exports soared to $X in 2022. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 657%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for ink-pad exports from Argentina, accounting for a 66% share of total exports. Moreover, ink-pad exports to Brazil exceeded the volume sent to the second major destination, Paraguay (X units), threefold. Bolivia (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+44.2% per year) and Bolivia (+2.0% per year).

In value terms, Brazil ($X) remains the key foreign market for ink-pads exports from Argentina, comprising 64% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 25% share of total exports. It was followed by Bolivia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+51.8% per year) and Bolivia (-1.9% per year).

Export Prices by Country

In 2022, the average ink-pad export price amounted to $X per unit, dropping by -5.4% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 68% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bolivia ($X per unit) and Uruguay ($X per unit), while the average price for exports to Paraguay ($X per unit) and Brazil ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+242.4%), while the prices for the other major destinations experienced mixed trend patterns.

Ink-Pad Imports

Imports into Argentina

In 2022, overseas purchases of ink-pads decreased by -1.3% to X units, falling for the third consecutive year after two years of growth. In general, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 90% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, ink-pad imports contracted to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 40% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest ink-pad supplier to Argentina, accounting for a 83% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Romania (X units), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.0% per year) and Romania (+3.1% per year).

In value terms, China ($X) constituted the largest supplier of ink-pads to Argentina, comprising 67% of total imports. The second position in the ranking was taken by Romania ($X), with an 8.3% share of total imports. It was followed by Austria, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+24.4% per year) and Austria (-12.4% per year).

Import Prices by Country

The average ink-pad import price stood at $X per unit in 2022, falling by -5.9% against the previous year. In general, the import price continues to indicate a mild decrease. The pace of growth was the most pronounced in 2017 an increase of 55%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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