Argentina: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Argentina

The Argentinian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced slightly to $X in 2022, approximately mirroring the previous year. Overall, consumption, however, saw a pronounced downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Argentina

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.7%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Argentina

Exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Argentina soared to X tons in 2022, surging by 25% against the year before. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. In general, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Argentina, accounting for a 77% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Uruguay exceeded the volume sent to the second major destination, Chile (X tons), ninefold. The third position in this ranking was held by Paraguay (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+13.3% per year) and Paraguay (-0.7% per year).

In value terms, Uruguay ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Argentina, comprising 76% of total exports. The second position in the ranking was held by Chile ($X), with a 10% share of total exports. It was followed by Paraguay, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+12.2% per year) and Paraguay (-1.3% per year).

Export Prices by Country

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, increasing by 5.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 an increase of 12%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($X per ton) and Uruguay ($X per ton), while the average price for exports to Paraguay ($X per ton) and Bolivia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Argentina

After three years of growth, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -7% to X tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 47% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose to $X in 2022. Over the period under review, imports, however, saw a slight expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to Argentina, accounting for a 53% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.0% per year) and Chile (+26.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Argentina, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Chile, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.7% per year) and Chile (+21.2% per year).

Import Prices by Country

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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