MERCOSUR: 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 MERCOSUR

After five years of growth, the MERCOSUR aqueous paint and varnish market decreased by -2% to $X in 2021. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then reduced in the following year.

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

In value terms, aqueous paint and varnish production fell slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2013 with an increase of 2.5% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

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

Exports in MERCOSUR

In 2021, approx. X tons of paints and varnishes dispersed or dissolved in an aqueous medium were exported in MERCOSUR; increasing by 30% on the previous year. The total export volume increased at an average annual rate of +2.8% 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. Overall, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was approx. 83% of total exports in 2021. Argentina (X tons) ranks second in terms of the total exports with a 6.3% share, followed by Colombia (4.9%). Chile (X tons) and Uruguay (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Colombia (+13.2%) and Chile (+7.5%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +13.2% from 2012-2021. By contrast, Argentina (-5.0%) and Uruguay (-12.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Colombia increased by +8.3 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest aqueous paint and varnish supplier in MERCOSUR, comprising 78% of total exports. The second position in the ranking was taken by Argentina ($X), with an 8% share of total exports. It was followed by Colombia, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-6.4% per year) and Colombia (+7.4% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, increasing by 4.5% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-0.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in MERCOSUR

In 2021, the amount of paints and varnishes dispersed or dissolved in an aqueous medium imported in MERCOSUR surged to X tons, increasing by 28% on the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aqueous paint and varnish imports surged to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Paraguay (X tons) and Chile (X tons) represented the main importers of paints and varnishes dispersed or dissolved in an aqueous medium in MERCOSUR, together accounting for approx. 43% of total imports. Argentina (X tons) held the next position in the ranking, followed by Brazil (X tons), Colombia (X tons), Uruguay (X tons) and Ecuador (X tons). All these countries together held near 49% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Argentina ($X) were the countries with the highest levels of imports in 2021, together accounting for 60% of total imports.

Chile, with a CAGR of +5.1%, saw the highest rates of growth with regard to 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 2021, picking up by 12% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform