Report Update Nov 1, 2024

Ecuador - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Ink Market 2024

Ink Market Size in Ecuador

The Ecuadorian ink market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Ink Exports

Exports from Ecuador

Ink exports from Ecuador fell rapidly to X kg in 2021, waning by -97.5% on 2020. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 1,322%. The exports peaked at X tons in 2020, and then shrank markedly in the following year.

In value terms, ink exports dropped sharply to $X in 2021. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 2,154%. The exports peaked at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Free Zones (X kg), Colombia (X kg) and South Korea (X kg) were the main destinations of ink exports from Ecuador, with a combined 90% share of total exports. These countries were followed by China and Sudan, which together accounted for a further 5.6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Free Zones ($X) emerged as the key foreign market for inks (excluding printing ink) exports from Ecuador, comprising 49% of total exports. The second position in the ranking was taken by Colombia ($X), with a 19% share of total exports. It was followed by Sudan, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Free Zones totaled -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+3.0% per year) and Sudan (-16.2% per year).

Export Prices by Country

In 2021, the average ink export price amounted to $X per ton, waning by -7.7% against the previous year. Overall, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 115%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Ecuador

In 2021, after two years of decline, there was significant growth in supplies from abroad of inks (excluding printing ink), when their volume increased by 106% to X tons. Overall, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Guatemala (X tons) constituted the largest ink supplier to Ecuador, with a 57% share of total imports. Moreover, ink imports from Guatemala exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Colombia (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Guatemala stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Colombia (-2.6% per year).

In value terms, Guatemala ($X) constituted the largest supplier of inks (excluding printing ink) to Ecuador, comprising 42% of total imports. The second position in the ranking was taken by Colombia ($X), with an 11% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Guatemala totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+2.2% per year) and Mexico (-10.4% per year).

Import Prices by Country

The average ink import price stood at $X per ton in 2021, declining by -5.3% against the previous year. Overall, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inks (excluding printing ink) in the world?

The countries with the highest volumes of ink consumption in 2021 were China, the United States and India, with a combined 39% share of global consumption. These countries were followed by Greece, Indonesia, Japan, France, Thailand, the Philippines, Singapore, Germany, Saudi Arabia and Turkey, which together accounted for a further 27%.

What are the largest producers of inks (excluding printing ink) in the world?

The countries with the highest volumes of ink production in 2021 were China, the United States and India, with a combined 53% share of global production. Japan, Greece, the Philippines, Germany, Indonesia, South Korea, France, the UK, Spain and Saudi Arabia lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of inks (excluding printing ink) to Ecuador?

In value terms, Colombia, Mexico and Germany constituted the largest ink suppliers to Ecuador, with a combined 47% share of total imports.

What is the average export price for inks (excluding printing ink) in Ecuador?

In 2021, the average ink export price amounted to $3,991 per ton, dropping by -79.5% against the previous year.

What is the average import price for inks (excluding printing ink) in Ecuador?

The average ink import price stood at $6,215 per ton in 2021, which is down by -9.3% against the previous year.

This report provides an in-depth analysis of the ink market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20593000 - Inks (excluding printing ink)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023