Brazil: 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 Brazil

In 2022, the Brazilian non-aqueous paint and varnish market decreased by -0.8% to $X, falling for the ninth year in a row after two years of growth. Overall, consumption recorded a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Brazil

In value terms, non-aqueous paint and varnish production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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

Exports from Brazil

In 2022, exports of paints and varnishes dispersed or dissolved in a non-aqueous medium from Brazil expanded remarkably to X tons, picking up by 7.9% on the previous year. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +51.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, non-aqueous paint and varnish exports surged to $X in 2022. Overall, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +97.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for non-aqueous paint and varnish exports from Brazil, accounting for a 41% share of total exports. Moreover, non-aqueous paint and varnish exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. Bolivia (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-0.4% per year) and Bolivia (+0.7% per year).

In value terms, Argentina ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Brazil, comprising 45% of total exports. The second position in the ranking was taken by Paraguay ($X), with an 8.6% share of total exports. It was followed by Bolivia, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-0.1% per year) and Bolivia (+1.6% per year).

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, with an increase of 21% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the average price for exports to Ghana ($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 Chile (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Brazil

In 2022, non-aqueous paint and varnish imports into Brazil rose slightly to X tons, growing by 3.8% on the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, non-aqueous paint and varnish imports surged to $X in 2022. The total import value increased at an average annual rate of +2.3% 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 reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of non-aqueous paint and varnish imports to Brazil, with a combined 47% share of total imports. The United States, Spain, Portugal, South Korea, France, Japan, the UK, Argentina, Sweden and the Netherlands lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +36.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish suppliers to Brazil were the United States ($X), Germany ($X) and Italy ($X), together comprising 53% of total imports. China, Spain, the UK, Japan, France, the Netherlands, Sweden, Portugal, South Korea and Argentina lagged somewhat behind, together accounting for a further 36%.

China, with a CAGR of +24.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 non-aqueous paint and varnish import price amounted to $X per ton, surging by 17% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 UK (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :