Brazil: 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 Brazil

The Brazilian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced slightly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 0.9% against the previous year. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 2.1%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Brazil

In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Brazil contracted modestly to X tons, almost unchanged from the year before. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports attained the peak of X tons, leveling off in the following year.

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 +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Paraguay (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Brazil, accounting for a 47% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Paraguay exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. Uruguay (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Paraguay stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+5.2% per year) and Uruguay (+6.3% per year).

In value terms, Paraguay ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Brazil, comprising 43% of total exports. The second position in the ranking was held by Bolivia ($X), with a 16% share of total exports. It was followed by Argentina, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+1.5% per year) and Argentina (+10.5% per year).

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, rising by 16% against the previous year. Overall, the export price, however, continues to indicate a pronounced reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Uruguay ($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 Argentina (+2.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Brazil

After three years of decline, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by 47% to X tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Chile (X tons) and Spain (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Brazil, together comprising 49% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Brazil were the United States ($X), Germany ($X) and Italy ($X), together comprising 43% of total imports. Chile, Sweden, Thailand, Spain, the UK, the Netherlands and Uruguay lagged somewhat behind, together comprising a further 47%.

In terms of the main suppliers, Thailand, with a CAGR of +27.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, shrinking by -12.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2019 when the average import price increased by 31% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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