Paraguay: Black Printing Ink Market 2024

Black Printing Ink Market Size in Paraguay

The Paraguayan black printing ink market surged to $X in 2022, picking up by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Black Printing Ink Exports

Exports from Paraguay

In 2022, overseas shipments of black printing ink decreased by -15.1% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 187%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, black printing ink exports rose markedly to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 118% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for black printing ink exports from Paraguay, accounting for a 95% share of total exports. It was followed by Argentina (X kg), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at +13.0%.

In value terms, Brazil ($X) remains the key foreign market for black printing ink exports from Paraguay, comprising 93% of total exports. The second position in the ranking was taken by Argentina ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to +14.3%.

Export Prices by Country

In 2022, the average black printing ink export price amounted to $X per ton, growing by 31% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 35% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.1%).

Black Printing Ink Imports

Imports into Paraguay

After four years of decline, purchases abroad of black printing ink increased by 5.6% to X tons in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 12%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, black printing ink imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of black printing ink to Paraguay, with a 53% share of total imports. Moreover, black printing ink imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.8% per year) and Germany (+5.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of black printing ink to Paraguay, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.6% per year) and the United States (+7.3% per year).

Import Prices by Country

In 2022, the average black printing ink import price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 30%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Italy ($X per ton), while the price for Spain ($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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform