The hottest ink market trend in Latin America

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Latin American ink market trends

it is estimated that the output value of the Latin American ink market has reached US $785million at present. Insiders pointed out that although the overall economic growth rate of Latin America slowed down slightly this year, due to the growth of domestic demand and the transfer of printing production capacity from other regions to the region, the Latin American ink market for specialized chemicals led by ethyl acetate, butyl acetate, plasticizer and Farnese will still show a moderate growth trend

ink manufacturers are generally optimistic about the region, especially in the field of food packaging and label printing. The growth of the ink market is partly affected by the GDP growth of the region. According to the prediction of the Western Hemisphere Department of the International Monetary Fund (IMF), the GDP growth rate of Latin America in 2007 was 5.6%, the growth rate in 2008 may fall to 4.4%, and the growth rate in 2009 will further fall to 3.6%

with the growth of GDP per capita in Latin America, it will promote the demand for printing materials and inks, especially in the food packaging, newspaper printing and other fast-moving consumer goods markets. In the next 10 years, Latin America's per capita GDP is expected to maintain an average annual growth rate of 3% and reach US $13000 in 2020. Of course, the growth in different areas of the ink market is very different. Liquid inks (including solvent based and water-based inks) will maintain a rapid growth of 0.61 ~ 0.70, while the situation of slurry inks will not be so optimistic

factors affecting the growth of the ink market in Latin America

factors affecting the growth of the ink market in Latin America deserve our attention, such as the negative impact of the U.S. economy, inflation and the trend of environmental protection. Insiders pointed out that the growth rate of the ink market in Latin America depends on the degree of economic recession in the United States and its impact on other countries, and inflation may become the biggest factor that 20 (3) universal testing machines cannot do tensile and zigzag experiments at the same time in 2008. According to the analysis of the International Monetary Fund, the inflation rate in Latin America reached 6.3% in 2007, exceeding the growth rate of GDP. The pressure of inflation continued to increase in 2008

although the environmental protection wind blowing strongly in Europe and the United States will not have an immediate impact on Latin America at present, the Latin American market has shown some environmental protection trends. Affected by this, the Latin American packaging and printing market may have changes in pattern simplification and color reduction, which will have an impact on the ink market

Argentina and Peru have the fastest growth rate in the ink market.

Argentina and Peru will become the fastest growing economies in Latin America, with a GDP growth rate of 7% in 2008. In 2007, the investment in the Argentine printing market reached US $100million, which is expected to exceed this figure in 2008. For example, shengweike group is currently establishing a new center of excellence in Buenos Aires; In the plastic packaging market, petropack also plans to list in Argentina this year

although Peru is a small market, its economy is very dynamic. Peru's inflation rate is only half of GDP growth. The recent free trade agreement signed by the United States and Peru has also directly attracted investment from the United States, a large part of which is mainly exports

the ink market in Mexico and Brazil grew steadily

many printers in the United States and Canada began to transfer their production capacity to Mexico and Brazil, making the growth rate of the printing market in Mexico and Brazil significantly higher than the development of their overall economy

Mexico is trying to mitigate the negative impact of the U.S. economic problems. In 2008, the economic growth rate of Mexico is likely to decline to 2.0% from 3.3% in 2007. However, the Mexican ink market has maintained a faster growth rate than GDP, and there are many potential market segments. These markets have not attracted the keen attention of printers in the United States and Canada, and there is strong demand growth, such as the flexible packaging market

Brazil's economy is relatively large. Although the economic growth rate will decline slightly in 2008, it will still reach 4.8%. Recently, many manufacturers have made a number of investments in Brazil, such as Agfa's investment of US $23million to build a production plant in Suzano, Brazil, and the construction of a new production center by sunvico group in Sao Paulo. These investment activities have injected impetus into the future development of the Brazilian ink market

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