Latin America and the Caribbean: Black Printing Ink Market 2024

Black Printing Ink Market Size in Latin America and the Caribbean

The Latin American black printing ink market rose remarkably to $X in 2022, with an increase of 5% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Black Printing Ink Production in Latin America and the Caribbean

In value terms, black printing ink production expanded to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Black Printing Ink Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of black printing ink increased by 0.3% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports declined modestly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted modestly in the following year.

Exports by Country

In 2022, Costa Rica (X tons) represented the key exporter of black printing ink, generating 32% of total exports. It was distantly followed by Brazil (X tons), Colombia (X tons), El Salvador (X tons), Mexico (X tons), Guatemala (X tons) and Peru (X tons), together comprising a 58% share of total exports.

Costa Rica was also the fastest-growing in terms of the black printing ink exports, with a CAGR of +43.8% from 2012 to 2022. At the same time, El Salvador (+8.3%) and Colombia (+1.7%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. By contrast, Guatemala (-1.7%), Mexico (-14.1%) and Brazil (-14.2%) illustrated a downward trend over the same period. While the share of Costa Rica (+31 p.p.), El Salvador (+6.9 p.p.), Colombia (+6.2 p.p.) and Peru (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (-17.8 p.p.) and Brazil (-30 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest black printing ink supplier in Latin America and the Caribbean, comprising 58% of total exports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total exports. It was followed by El Salvador, with a 7% share.

In Costa Rica, black printing ink exports expanded at an average annual rate of +56.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-6.7% per year) and El Salvador (+11.8% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, shrinking by -4.8% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 34% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+8.9%), while the other leaders experienced more modest paces of growth.

Black Printing Ink Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of black printing ink increased by 2.6% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, black printing ink imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented the key importers of black printing ink in 2022, amounting to approx. 31% and 23% of total imports, respectively. Argentina (X tons) took the next position in the ranking, followed by Guatemala (X tons), Chile (X tons), Colombia (X tons) and Peru (X tons). All these countries together took approx. 29% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +2.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest black printing ink importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), with a combined 62% share of total imports. Argentina, Colombia, Peru and Guatemala lagged somewhat behind, together accounting for a further 21%.

In terms of the main importing countries, Colombia, with a CAGR of +5.2%, recorded 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 4.1% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, black printing ink import price decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 27%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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