MERCOSUR: Printing Ink Market 2024

Printing Ink Market Size in MERCOSUR

The MERCOSUR printing ink market totaled $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by 7.8% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Printing Ink Production in MERCOSUR

In value terms, printing ink production amounted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 11%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Printing Ink Exports

Exports in MERCOSUR

In 2022, approx. X tons of printing ink were exported in MERCOSUR; with an increase of 9% on the year before. Overall, exports, however, saw a pronounced setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing ink exports rose notably to $X in 2022. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) and Brazil (X tons) represented roughly 63% of total exports in 2022. Chile (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Peru (14%) and Argentina (5.3%). Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Chile (with a CAGR of +14.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X), Colombia ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2022, with a combined 78% share of total exports.

In terms of the main exporting countries, Chile, with a CAGR of +11.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 7.7%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Printing Ink Imports

Imports in MERCOSUR

In 2022, the amount of printing ink imported in MERCOSUR reduced slightly to X tons, which is down by -3.2% compared with the previous year. Overall, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, printing ink imports amounted to $X in 2022. In general, imports showed a mild curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 17%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) was the largest importer of printing ink, mixing up 47% of total imports. It was distantly followed by Argentina (X tons), Peru (X tons), Colombia (X tons), Chile (X tons) and Ecuador (X tons), together mixing up a 49% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to printing ink imports into Brazil stood at -1.8%. Ecuador experienced a relatively flat trend pattern. Colombia (-2.2%), Paraguay (-2.8%), Argentina (-4.0%), Chile (-5.1%) and Peru (-5.2%) illustrated a downward trend over the same period. While the share of Brazil (+7.1 p.p.) and Ecuador (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (-1.9 p.p.) and Peru (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported printing ink in MERCOSUR, comprising 45% of total imports. The second position in the ranking was held by Argentina ($X), with a 14% share of total imports. It was followed by Chile, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Argentina (-1.7% per year) and Chile (-2.2% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2020 an increase of 16% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Ecuador ($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 (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform