Guatemala: Color Printing Ink Market 2024

Color Printing Ink Market Size in Guatemala

The Guatemalan color printing ink market reduced to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Color printing ink consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Color Printing Ink Production in Guatemala

In value terms, color printing ink production dropped to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 22%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Color Printing Ink Exports

Exports from Guatemala

In 2022, color printing ink exports from Guatemala dropped significantly to X tons, with a decrease of -21.2% on the year before. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 56%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, color printing ink exports rose modestly to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 74% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of color printing ink exports from Guatemala, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +6.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) were the largest markets for color printing ink exported from Guatemala worldwide, with a combined 94% share of total exports.

Nicaragua, with a CAGR of +16.2%, 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 a decline.

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, growing by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Mexico ($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 Colombia (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Guatemala

In 2022, imports of color printing ink into Guatemala expanded remarkably to X tons, with an increase of 11% compared with the year before. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2017 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, color printing ink imports surged to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

El Salvador (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of color printing ink imports to Guatemala, with a combined 58% share of total imports. China, South Korea, Germany, Colombia and Peru lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), the United States ($X) and Mexico ($X) constituted the largest color printing ink suppliers to Guatemala, together accounting for 52% of total imports. China, Peru, South Korea, Germany and Colombia lagged somewhat behind, together comprising a further 27%.

Colombia, with a CAGR of +21.1%, saw the highest growth rate of the value of imports, among 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, increasing by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 when the average import price increased by 14%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform