Brazil: Color Printing Ink Market 2024

Color Printing Ink Market Size in Brazil

The Brazilian color printing ink market reduced to $X in 2022, remaining stable 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). Overall, consumption showed a slight setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Color Printing Ink Exports

Exports from Brazil

In 2022, overseas shipments of color printing ink increased by 27% to X tons, rising for the third consecutive year after six years of decline. In general, exports, however, showed a abrupt setback. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, color printing ink exports surged to $X in 2022. Overall, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons), the Dominican Republic (X tons) and Ecuador (X tons) were the main destinations of color printing ink exports from Brazil, together accounting for 55% of total exports. Argentina, Bolivia, the United States, Honduras, Chile, Mexico, Antigua and Barbuda, Colombia, Central African Republic and Uruguay lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Antigua and Barbuda (with a CAGR of +21,893.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for color printing ink exported from Brazil were Paraguay ($X), Argentina ($X) and the Dominican Republic ($X), with a combined 50% share of total exports. Ecuador, Bolivia, the United States, Chile, Colombia, Honduras, Uruguay, Mexico, Antigua and Barbuda and Central African Republic lagged somewhat behind, together comprising a further 37%.

Antigua and Barbuda, with a CAGR of +25,377.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, with a decrease of -5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 an increase of 37%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Antigua and Barbuda (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Brazil

In 2022, color printing ink imports into Brazil reduced slightly to X tons, stabilizing at 2021. Over the period under review, imports recorded a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 15%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, color printing ink imports rose rapidly to $X in 2022. Overall, imports saw a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Germany (X tons) and China (X tons) were the main suppliers of color printing ink imports to Brazil, with a combined 63% share of total imports. Spain, Switzerland, the United States, the UK, Italy, Japan, Belgium, South Korea, Taiwan (Chinese) and Argentina lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +36.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest color printing ink suppliers to Brazil were Germany ($X), India ($X) and the UK ($X), with a combined 38% share of total imports. Switzerland, China, the United States, Japan, Italy, Belgium, Spain, Taiwan (Chinese), South Korea and Argentina lagged somewhat behind, together comprising a further 43%.

Belgium, with a CAGR of +22.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, surging by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the average import price increased by 12%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform