Bolivia: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Bolivia

The Bolivian non-aqueous paint and varnish market rose remarkably to $X in 2022, growing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Bolivia

Non-aqueous paint and varnish exports from Bolivia reduced notably to X tons in 2022, with a decrease of -96.6% compared with the previous year's figure. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 293%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports dropped significantly to $X in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 533% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X kg) was the main destination for non-aqueous paint and varnish exports from Bolivia, with a 72% share of total exports. Moreover, non-aqueous paint and varnish exports to Chile exceeded the volume sent to the second major destination, Argentina (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-92.0% per year) and Peru (-99.9% per year).

In value terms, the largest markets for non-aqueous paint and varnish exported from Bolivia were Chile ($X), Argentina ($X) and Peru ($X).

In terms of the main countries of destination, Chile, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, with an increase of 103% against the previous year. Over the period under review, the export price recorded prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Chile ($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 Peru (+2,164.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Bolivia

In 2022, non-aqueous paint and varnish imports into Bolivia was estimated at X tons, picking up by 2.1% compared with 2021 figures. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, non-aqueous paint and varnish imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons), China (X tons) and Argentina (X tons) were the main suppliers of non-aqueous paint and varnish imports to Bolivia, together accounting for 93% of total imports. Uruguay and the United States lagged somewhat behind, together comprising a further 3.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Bolivia, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Argentina, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.9% per year) and Argentina (-9.7% per year).

Import Prices by Country

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, rising by 10% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 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 (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform