Brazil: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Brazil

The Brazilian polishes for coachwork market fell modestly to $X in 2022, declining by -1.7% against the previous year. In general, consumption showed a drastic downturn. The growth pace was the most rapid in 2019 when the market value increased by 8%. Polishes for coachwork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polishes For Coachwork Production in Brazil

In value terms, polishes for coachwork production dropped slightly to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 8%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Polishes For Coachwork Exports

Exports from Brazil

In 2022, the amount of polishes for coachwork exported from Brazil reduced to X tons, with a decrease of -7.6% compared with the previous year's figure. Over the period under review, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +45.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 57%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, polishes for coachwork exports totaled $X in 2022. In general, exports, however, showed perceptible growth. The pace of growth was the most pronounced in 2021 when exports increased by 74% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Colombia (X tons) was the main destination for polishes for coachwork exports from Brazil, accounting for a 22% share of total exports. Moreover, polishes for coachwork exports to Colombia exceeded the volume sent to the second major destination, Peru (X tons), twofold. Chile (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+4.5% per year) and Chile (+3.8% per year).

In value terms, the largest markets for polishes for coachwork exported from Brazil were Colombia ($X), Chile ($X) and Peru ($X), together accounting for 41% of total exports.

Colombia, with a CAGR of +10.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polishes for coachwork export price amounted to $X per ton, picking up by 16% 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; afterwards, it flattened through to 2022.

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 Chile ($X per ton), while the average price for exports to Argentina ($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 Bolivia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Brazil

Polishes for coachwork imports into Brazil surged to X tons in 2022, rising by 17% against 2021. In general, imports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2017 when imports increased by 31%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polishes for coachwork imports shrank modestly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of polishes for coachwork imports to Brazil, together accounting for 76% of total imports. China, South Korea, the UK and Finland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +46.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Brazil were Germany ($X), the United States ($X) and South Korea ($X), with a combined 68% share of total imports. Japan, China, the UK and Finland lagged somewhat behind, together accounting for a further 27%.

Finland, with a CAGR of +73.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 polishes for coachwork import price amounted to $X per ton, declining by -15.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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