Uruguay: Printing Ink Market 2024

Printing Ink Market Size in Uruguay

The Uruguayan printing ink market fell to $X in 2022, stabilizing at the previous year. Overall, consumption saw a perceptible contraction. 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 Uruguay

In value terms, printing ink production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 6% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Printing Ink Exports

Exports from Uruguay

In 2022, overseas shipments of printing ink increased by 4% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 920%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, printing ink exports reduced notably to $X in 2022. Over the period under review, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 488% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X tons), Ecuador (X tons) and Paraguay (X kg) were the main destinations of printing ink exports from Uruguay, with a combined 90% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +34.9%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the key foreign market for printing ink exports from Uruguay, comprising 60% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 21% share of total exports. It was followed by Ecuador, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Chile totaled +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+17.8% per year) and Ecuador (+21.7% per year).

Export Prices by Country

In 2022, the average printing ink export price amounted to $X per ton, falling by -22% against the previous year. Over the period under review, the export price, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2014 an increase of 41% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Ecuador ($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 Argentina (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Ink Imports

Imports into Uruguay

In 2022, the amount of printing ink imported into Uruguay shrank modestly to X tons, dropping by -1.7% on the year before. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 60%. 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, printing ink imports rose markedly to $X in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), the United States (X tons) and Brazil (X tons) were the main suppliers of printing ink imports to Uruguay, together comprising 68% of total imports. Germany, China, the Philippines and Peru lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printing ink suppliers to Uruguay were the United States ($X), Argentina ($X) and Brazil ($X), together comprising 54% of total imports. The Philippines, China, Germany and Peru lagged somewhat behind, together accounting for a further 25%.

The Philippines, with a CAGR of +36.6%, saw the highest growth rate of the value of imports, in terms of 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 printing ink import price stood at $X per ton in 2022, jumping by 16% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, printing ink import price decreased by -9.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 18%. Over the period under review, average import prices reached the peak figure 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Argentina ($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 (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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