Brazil: 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 Brazil

After five years of growth, the Brazilian aqueous paint and varnish market decreased by -3% to $X in 2021. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Aqueous paint and varnish consumption peaked at $X in 2020, and then contracted modestly in the following year.

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

In value terms, aqueous paint and varnish production amounted to $X in 2021 estimated in export price. Overall, production saw a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of 0.4% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

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

Exports from Brazil

In 2021, the amount of paints and varnishes dispersed or dissolved in an aqueous medium exported from Brazil surged to X tons, jumping by 40% compared with the previous year. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern 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.

In value terms, aqueous paint and varnish exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons) was the main destination for aqueous paint and varnish exports from Brazil, accounting for a 39% share of total exports. Moreover, aqueous paint and varnish exports to Paraguay exceeded the volume sent to the second major destination, Bolivia (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+8.2% per year) and Argentina (+12.0% per year).

In value terms, Paraguay ($X), Argentina ($X) and Bolivia ($X) were the largest markets for aqueous paint and varnish exported from Brazil worldwide, together comprising 67% of total exports. These countries were followed by Chile, Colombia, Uruguay and Ghana, which together accounted for a further 26%.

In terms of the main countries of destination, Chile, with a CAGR of +9.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aqueous paint and varnish export price amounted to $X per ton, with an increase of 7.2% against the previous year. Overall, the export price, however, showed a perceptible slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Brazil

In 2021, purchases abroad of paints and varnishes dispersed or dissolved in an aqueous medium was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt downturn. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, aqueous paint and varnish imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of aqueous paint and varnish imports to Brazil, together accounting for 56% of total imports. Spain, Chile, Austria, Sweden, Switzerland and the Netherlands lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +42.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aqueous paint and varnish suppliers to Brazil were Italy ($X), the United States ($X) and Germany ($X), with a combined 54% share of total imports. These countries were followed by Austria, Sweden, Switzerland, Spain, Chile and the Netherlands, which together accounted for a further 31%.

Austria, with a CAGR of +40.1%, recorded the highest growth rate of 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 2021, the average aqueous paint and varnish import price amounted to $X per ton, growing by 13% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average import price increased by 24%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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