Chile: 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 Chile

In 2022, the Chilean market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -6.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed buoyant growth. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

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

Exports from Chile

In 2022, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Chile stood at X tons, remaining relatively unchanged against the previous year. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by 50% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium soared to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +9.1% 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 +124.6% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Argentina (X tons), Brazil (X tons) and Peru (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Chile, with a combined 95% share of total exports. The United States and Uruguay lagged somewhat behind, together accounting for a further 4.2%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +135.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Chile, comprising 59% of total exports. The second position in the ranking was taken by Argentina ($X), with a 28% share of total exports. It was followed by Peru, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+19.3% per year) and Peru (+10.6% 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 25% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by +38.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Chile

Imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium into Chile shrank to X tons in 2022, reducing by -6% compared with the previous year's figure. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 108% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 108%. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Costa Rica (X tons) and Germany (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Chile, with a combined 76% share of total imports. Brazil, Argentina, Spain, Peru and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +41.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Costa Rica ($X) and Germany ($X) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Chile, with a combined 74% share of total imports.

Costa Rica, with a CAGR of +58.1%, 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 import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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