Ecuador: Color Printing Ink Market 2025

Color Printing Ink Market Size in Ecuador

The Ecuadorian color printing ink market contracted to $X in 2022, which is down by -9.9% 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). The market value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Color printing ink consumption peaked at $X in 2021, and then reduced in the following year.

Color Printing Ink Exports

Exports from Ecuador

In 2022, the amount of color printing ink exported from Ecuador contracted slightly to X tons, which is down by -1.8% against the previous year. Overall, exports saw a sharp shrinkage. The growth pace was the most rapid in 2015 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, color printing ink exports amounted to $X in 2022. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2015 when exports increased by 29%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for color printing ink exports from Ecuador, accounting for a 75% share of total exports. Moreover, color printing ink exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to -8.3%.

In value terms, the largest markets for color printing ink exported from Ecuador were Peru ($X) and Colombia ($X).

Peru, with a CAGR of -9.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, picking up by 3.1% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2013 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external 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 Peru totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-0.6%), while the prices for the other major destinations experienced a decline.

Color Printing Ink Imports

Imports into Ecuador

In 2022, the amount of color printing ink imported into Ecuador reduced markedly to X tons, dropping by -16% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, color printing ink imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Colombia (X tons) constituted the largest supplier of color printing ink to Ecuador, accounting for a 44% share of total imports. Moreover, color printing ink imports from Colombia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.2% per year) and China (+6.9% per year).

In value terms, the largest color printing ink suppliers to Ecuador were Colombia ($X), the United States ($X) and China ($X), together accounting for 54% of total imports. Germany, the Philippines, Brazil, Spain, Peru, South Korea and India lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, the Philippines, with a CAGR of +117.5%, saw the highest growth rate of the value of imports, 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, with an increase of 8.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 21%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for India ($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 (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform