Brazil: Ink Market 2022

Ink Market Size in Brazil

The Brazilian ink market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, recorded a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ink Exports

Exports from Brazil

In 2021, after two years of growth, there was significant decline in shipments abroad of inks (excluding printing ink), when their volume decreased by -17.7% to X tons. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2020 when exports increased by 165% against the previous year. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, ink exports reduced to $X in 2021. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 216%. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

Argentina (X tons) was the main destination for ink exports from Brazil, with a 70% share of total exports. Moreover, ink exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), eightfold. Bolivia (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina stood at +64.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+30.3% per year) and Bolivia (+12.0% per year).

In value terms, Argentina ($X) remains the key foreign market for ink exports from Brazil, comprising 64% of total exports. The second position in the ranking was held by Paraguay ($X), with an 11% share of total exports. It was followed by Chile, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+35.5% per year) and Chile (+41.0% per year).

Export Prices by Country

In 2021, the average ink export price amounted to $X per ton, rising by 19% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ink export price increased by +41.5% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Mexico ($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 Venezuela (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports

Imports into Brazil

In 2021, purchases abroad of inks (excluding printing ink) increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 when imports increased by 15%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ink imports dropped to $X in 2021. In general, imports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2017 when imports increased by 16%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and Mexico (X tons) were the main suppliers of ink imports to Brazil, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ink suppliers to Brazil were Germany ($X), Mexico ($X) and the United States ($X), with a combined 60% share of total imports. These countries were followed by China, Spain, France, Belgium, Japan, India and the UK, which together accounted for a further 32%.

In terms of the main suppliers, Spain, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ink import price amounted to $X per ton, reducing by -18.6% against the previous year. In general, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2013 an increase of 34%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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