Colombia - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Colombia - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends And Insights

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Ink Price in Colombia - 2022

Contents:

  1. Ink Price in Colombia (CIF) - 2022
  2. Ink Price in Colombia (FOB) - 2022
  3. Ink Imports in Colombia
  4. Ink Exports in Colombia

Ink Price in Colombia (CIF) - 2022

The average ink import price stood at $7,300 per ton in February 2022, growing by 4.3% against the previous month. In general, the import price, however, showed a mild decline. The growth pace was the most rapid in April 2021 when the average import price increased by 204% against the previous month. The import price peaked at $17,538 per ton in June 2021; however, from July 2021 to February 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($26,621 per ton), while the price for China ($1,767 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Ink Price in Colombia (FOB) - 2022

The average ink export price stood at $5,803 per ton in 2022, surging by 2.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. Over the period under review, the average export prices attained the maximum at $9,849 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($7,217 per ton), while the average price for exports to the Dominican Republic ($3,158 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 (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ink Imports in Colombia

In 2022, approx. 354 tons of inks (excluding printing ink) were imported into Colombia; approximately mirroring the previous year. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year.

In value terms, ink imports shrank to $3.2M in 2022. Over the period under review, imports faced a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 17%.

Import of Ink in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1,3931,1251,3231,140-6.5%
Germany1,078763665707-13.1%
China539421620535-0.2%
Peru323185268231-10.6%
Taiwan (Chinese)49.079.217615245.8%
United Kingdom10473.710187.2-5.7%
Japan47.529.211.624.9-19.4%
Nicaragua708N/AN/AN/A0%
Others530305313354-12.6%
Total4,7722,9823,4793,230-12.2%

Top Suppliers of Ink to Colombia in 2022:

  1. China (162.4 tons)
  2. Germany (62.6 tons)
  3. United States (48.6 tons)
  4. Peru (45.8 tons)
  5. United Kingdom (11.8 tons)
  6. Taiwan (Chinese) (7.5 tons)
  7. Japan (2.8 tons)

Ink Exports in Colombia

In 2022, the amount of inks (excluding printing ink) exported from Colombia dropped remarkably to 146 tons, reducing by -30.7% on the previous year. Overall, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 173% against the previous year. As a result, the exports reached the peak of 211 tons, and then declined remarkably in the following year.

In value terms, ink exports fell rapidly to $849K in 2022. Over the period under review, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by 138% against the previous year. As a result, the exports attained the peak of $1.2M, and then shrank markedly in the following year.

Export of Ink in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador5153218105472.0%
Argentina13545.077.095.8-10.8%
Dominican Republic3.447.375.150.0145.0%
United Arab Emirates30.321.554.136.16.0%
Mexico28.924.449.534.56.1%
Honduras10.912.827.018.018.2%
Bolivia20.21.022.214.8-9.8%
El Salvador15.01.422.314.8-0.4%
Panama16.37.615.714.0-4.9%
Others24.420.042.923.9-0.7%
Total7995021,1958492.0%

Top Export Markets for Ink from Colombia in 2022:

  1. Ecuador (85.5 tons)
  2. Dominican Republic (15.8 tons)
  3. Argentina (13.3 tons)
  4. Mexico (8.8 tons)
  5. United Arab Emirates (6.0 tons)
  6. Honduras (5.3 tons)
  7. Panama (3.7 tons)
  8. El Salvador (2.9 tons)
  9. Bolivia (2.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ink market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20593000 - Inks (excluding printing ink)

Country coverage:

  • Colombia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Colombia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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