MERCOSUR: 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 MERCOSUR

The MERCOSUR market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when the market value increased by 1.2% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in MERCOSUR

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 0.8%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in MERCOSUR

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were exported in MERCOSUR; with an increase of 3.4% against 2021 figures. The total export volume increased at an average annual rate of +3.1% over the period 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 2019 with an increase of 27% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium soared to $X in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 27%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Brazil prevails in medium structure, reaching X tons, which was approx. 78% of total exports in 2022. Argentina (X tons) took the second position in the ranking, followed by Colombia (X tons). All these countries together took near 14% share of total exports. Chile (X tons), Peru (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Brazil stood at +3.6%. At the same time, Peru (+35.1%), Colombia (+11.9%) and Chile (+7.3%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +35.1% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Uruguay (-11.2%) illustrated a downward trend over the same period. Brazil (+3.8 p.p.), Colombia (+3.1 p.p.) and Peru (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Uruguay saw its share reduced by -3.2% and -5.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in MERCOSUR, comprising 72% of total exports. The second position in the ranking was held by Argentina ($X), with a 12% share of total exports. It was followed by Chile, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (+1.2% per year) and Chile (+9.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by 13% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.6%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MERCOSUR

In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in MERCOSUR was estimated at X tons, growing by 2.4% on the previous year. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 24% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium totaled $X in 2022. Total imports indicated a temperate increase 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, imports increased by +43.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Paraguay (X tons), distantly followed by Chile (X tons), Uruguay (X tons), Argentina (X tons), Brazil (X tons), Ecuador (X tons), Colombia (X tons) and Peru (X tons) were the largest importers of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, together creating 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Paraguay ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, with a combined 60% share of total imports. Argentina, Uruguay, Colombia, Ecuador and Peru lagged somewhat behind, together accounting for a further 38%.

Peru, with a CAGR of +8.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by 2.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 13%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform