Brazil: Paint And Varnish Market 2024

Paint And Varnish Market Size in Brazil

The Brazilian paint and varnish market reached $X in 2022, stabilizing at the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Paint And Varnish Production in Brazil

In value terms, paint and varnish production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 with an increase of 3.9%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Paint And Varnish Exports

Exports from Brazil

Paint and varnish exports from Brazil stood at X tons in 2022, surging by 4.8% on the year before. In general, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 +55.0% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 40%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, paint and varnish exports surged to $X in 2022. Over the period under review, total exports indicated tangible 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 +93.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 51%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Paraguay (X tons), Argentina (X tons) and Bolivia (X tons) were the main destinations of paint and varnish exports from Brazil, together accounting for 66% of total exports. Uruguay, Chile, Colombia, Ghana, Peru and the United States lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +8.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for paints and varnishes exports from Brazil, comprising 39% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 14% share of total exports. It was followed by Bolivia, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+2.5% per year) and Bolivia (+1.7% per year).

Export Prices by Country

In 2022, the average paint and varnish export price amounted to $X per ton, rising by 23% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked 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 export 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 Colombia (+0.0%), while the prices for the other major destinations experienced a decline.

Paint And Varnish Imports

Imports into Brazil

In 2022, the amount of paints and varnishes imported into Brazil totaled X tons, approximately reflecting 2021 figures. Over the period under review, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, paint and varnish imports surged to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) appeared to be the largest paint and varnish suppliers to Brazil, together comprising 53% of total imports. China, Spain, the UK, Sweden, France, the Netherlands, Japan, Portugal, South Korea and Argentina lagged somewhat behind, together accounting for a further 33%.

China, with a CAGR of +24.2%, 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

The average paint and varnish import price stood at $X per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2021 when the average import price increased by 19%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Spain (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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