Latin America and the Caribbean: Color Printing Ink Market 2024

Color Printing Ink Market Size in Latin America and the Caribbean

The Latin American color printing ink market contracted to $X in 2023, waning by X% against the previous year. In general, consumption showed a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Color Printing Ink Production in Latin America and the Caribbean

In value terms, color printing ink production reduced slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Color Printing Ink Exports

Exports in Latin America and the Caribbean

After two years of growth, overseas shipments of color printing ink decreased by X% to X tons in 2023. In general, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, color printing ink exports stood at $X in 2023. Over the period under review, exports saw a pronounced decrease. The pace of growth appeared the most rapid in 2022 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), Colombia (X tons) and El Salvador (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Mexico (X tons), Chile (X tons) and Peru (X tons), together generating a X% share of total exports. Guatemala (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), El Salvador ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Mexico, Chile, Peru, Costa Rica and Guatemala lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the other leaders experienced more modest paces of growth.

Color Printing Ink Imports

Imports in Latin America and the Caribbean

In 2023, imports of color printing ink in Latin America and the Caribbean shrank to X tons, waning by X% against the previous year's figure. In general, imports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, color printing ink imports contracted slightly to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then reduced in the following year.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Guatemala (X tons), Peru (X tons), Argentina (X tons), Colombia (X tons), Ecuador (X tons) and Chile (X tons), together creating a X% share of total imports. The following importers - Honduras (X tons) and the Dominican Republic (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Colombia, Guatemala, Chile, Peru, Ecuador, Honduras and the Dominican Republic lagged somewhat behind, together comprising a further X%.

Honduras, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform