MERCOSUR: Ink Market 2024

Ink Market Size in MERCOSUR

The MERCOSUR ink market rose significantly to $X in 2021, growing by 5.8% against the previous year. Over the period under review, consumption, however, showed a pronounced descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ink Production in MERCOSUR

In value terms, ink production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 25%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ink Exports

Exports in MERCOSUR

After six years of decline, shipments abroad of inks (excluding printing ink) increased by 83% to X tons in 2021. Total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ink exports skyrocketed to $X in 2021. Total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Peru represented the major exporter of inks (excluding printing ink) in MERCOSUR, with the volume of exports recording X tons, which was approx. 68% of total exports in 2021. Colombia (X tons) held the second position in the ranking, followed by Brazil (X tons). All these countries together took approx. 30% share of total exports.

Exports from Peru decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, Brazil (+18.4%) and Colombia (+12.3%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +18.4% from 2012-2021. While the share of Brazil (+10 p.p.) and Colombia (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Peru (-17.7 p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest ink supplier in MERCOSUR, comprising 57% of total exports. The second position in the ranking was held by Brazil ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Peru was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+27.0% per year) and Colombia (+12.3% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, with a decrease of -13.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. The level of export peaked at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.3%), while the other leaders experienced more modest paces of growth.

Ink Imports

Imports in MERCOSUR

In 2021, after two years of decline, there was significant growth in overseas purchases of inks (excluding printing ink), when their volume increased by 45% to X tons. In general, imports, however, continue to indicate a noticeable slump. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ink imports soared to $X in 2021. Overall, imports, however, saw a abrupt contraction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of ink imports in 2021 were Brazil (X tons), Peru (X tons), Colombia (X tons), Chile (X tons) and Ecuador (X tons), together accounting for 86% of total import. It was distantly followed by Argentina (X tons), mixing up a 6.3% share of total imports. Venezuela (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +5.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 60% share of total imports.

Chile, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, waning by -12.2% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by 4.7% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Venezuela ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform