Argentina: Ink Market 2022

Ink Market Size in Argentina

The Argentinian ink market shrank to $X in 2021, approximately reflecting 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). Over the period under review, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X, leveling off in the following year.

Ink Exports

Exports from Argentina

In 2021, overseas shipments of inks (excluding printing ink) were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 89%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ink exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 76% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons), Senegal (X kg) and Chile (X kg) were the main destinations of ink exports from Argentina, together comprising 57% of total exports.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +5.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Uruguay ($X), Chile ($X) and the United States ($X) were the largest markets for ink exported from Argentina worldwide, with a combined 23% share of total exports. These countries were followed by Russia, Canada, Ecuador, Panama, Paraguay and Senegal, which together accounted for a further 13%.

In terms of the main countries of destination, Senegal, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ink export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.1%. The pace of growth was the most pronounced in 2014 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Argentina

In 2021, the amount of inks (excluding printing ink) imported into Argentina fell modestly to X tons, waning by -2.2% compared with the previous year. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 82%. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, ink imports totaled $X in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +108.4% against 2017 indices. The pace of growth was the most pronounced in 2020 when imports increased by 78%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Brazil (X tons) constituted the largest ink supplier to Argentina, accounting for a 77% share of total imports. Moreover, ink imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The United States (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +59.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.9% per year) and the United States (-14.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of ink to Argentina, comprising 65% of total imports. The second position in the ranking was taken by the United States ($X), with a 22% share of total imports. It was followed by China, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +56.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.4% per year) and China (+3.9% per year).

Import Prices by Country

The average ink import price stood at $X per ton in 2021, increasing by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :