Colombia: Ink Market 2024

Ink Market Size in Colombia

In 2022, after five years of decline, there was significant growth in the Colombian ink market, when its value increased by X% to $X. In general, consumption, however, continues to indicate a mild contraction. Ink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Ink Exports

Exports from Colombia

Ink exports from Colombia fell markedly to X tons in 2022, waning by X% compared with the previous year. Overall, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, ink exports reduced remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a notable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Ecuador (X tons) was the main destination for ink exports from Colombia, accounting for a X% share of total exports. Moreover, ink exports to Ecuador exceeded the volume sent to the second major destination, Argentina (X tons), sixfold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Mexico (X% per year).

In value terms, Ecuador ($X) remains the key foreign market for inks (excluding printing ink) exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average ink export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the Dominican Republic ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Ink Imports

Imports into Colombia

In 2022, overseas purchases of inks (excluding printing ink) increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, ink imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced decline. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ink to Colombia, accounting for a X% share of total imports. Moreover, ink imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Peru (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Peru (X% per year).

In value terms, the largest ink suppliers to Colombia were the United States ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Peru, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ink import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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