Argentina: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Argentina

The Argentinian aqueous paint and varnish market was finally on the rise to reach $X in 2021, after five years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Argentina

In value terms, aqueous paint and varnish production rose modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 9.6% against the previous year. Aqueous paint and varnish production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports from Argentina

After two years of growth, overseas shipments of paints and varnishes dispersed or dissolved in an aqueous medium decreased by -17.7% to X tons in 2021. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 24%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aqueous paint and varnish exports reduced remarkably to $X in 2021. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for aqueous paint and varnish exports from Argentina, accounting for a 87% share of total exports. Moreover, aqueous paint and varnish exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to Uruguay totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-8.3% per year) and Brazil (-11.5% per year).

In value terms, Uruguay ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in an aqueous medium exports from Argentina, comprising 85% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 6.9% share of total exports. It was followed by Brazil, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Uruguay amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-7.1% per year) and Brazil (-13.3% per year).

Export Prices by Country

The average aqueous paint and varnish export price stood at $X per ton in 2021, growing by 1.8% against the previous year. Over the period under review, the export price, however, showed a mild decline. The pace of growth appeared the most rapid in 2013 an increase of 11%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Brazil ($X per ton) and Chile ($X per ton), while the average price for exports to Uruguay ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports into Argentina

For the third year in a row, Argentina recorded growth in supplies from abroad of paints and varnishes dispersed or dissolved in an aqueous medium, which increased by 40% to X tons in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +158.3% against 2014 indices. The growth pace was the most rapid in 2015 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, aqueous paint and varnish imports surged to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of aqueous paint and varnish to Argentina, accounting for a 61% share of total imports. Moreover, aqueous paint and varnish imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.1% per year) and Germany (+4.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in an aqueous medium to Argentina, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.5% per year) and the United States (-2.4% per year).

Import Prices by Country

The average aqueous paint and varnish import price stood at $X per ton in 2021, picking up by 26% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :