MERCOSUR: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in MERCOSUR

The MERCOSUR polishes for coachwork market contracted to $X in 2022, which is down by -5% against the previous year. In general, consumption showed a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polishes For Coachwork Production in MERCOSUR

In value terms, polishes for coachwork production reduced to $X in 2022 estimated in export price. Overall, production recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by 7.7% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Polishes For Coachwork Exports

Exports in MERCOSUR

In 2022, the amount of polishes for coachwork exported in MERCOSUR declined markedly to X tons, shrinking by -15.1% on the year before. Total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +28.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, polishes for coachwork exports reduced modestly to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +67.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Brazil represented the largest exporting country with an export of around X tons, which recorded 75% of total exports. It was distantly followed by Peru (X tons) and Colombia (X tons), together creating a 22% share of total exports.

Exports from Brazil increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, Peru (+8.6%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +8.6% from 2012-2022. By contrast, Colombia (-4.1%) illustrated a downward trend over the same period. Brazil (+12 p.p.) and Peru (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Colombia saw its share reduced by -7.4% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest polishes for coachwork supplier in MERCOSUR, comprising 78% of total exports. The second position in the ranking was taken by Colombia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +2.7%. In the other countries, the average annual rates were as follows: Colombia (-0.8% per year) and Peru (+8.8% 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 showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Polishes For Coachwork Imports

Imports in MERCOSUR

In 2022, the amount of polishes for coachwork imported in MERCOSUR shrank dramatically to X tons, dropping by -26.9% on 2021 figures. Overall, imports, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, polishes for coachwork imports declined to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +53.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Chile represented the main importer of polishes for coachwork in MERCOSUR, with the volume of imports reaching X tons, which was near 45% of total imports in 2022. Peru (X tons) held the second position in the ranking, followed by Colombia (X tons), Argentina (X tons), Brazil (X tons) and Ecuador (X tons). All these countries together held approx. 44% share of total imports. Paraguay (X tons) took a minor share of total imports.

Chile was also the fastest-growing in terms of the polishes for coachwork imports, with a CAGR of +16.9% from 2012 to 2022. At the same time, Colombia (+8.1%), Argentina (+5.9%) and Peru (+2.4%) displayed positive paces of growth. Paraguay experienced a relatively flat trend pattern. By contrast, Ecuador (-2.4%) and Brazil (-3.1%) illustrated a downward trend over the same period. Chile (+32 p.p.), Colombia (+3.7 p.p.) and Argentina (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Paraguay, Ecuador and Brazil saw its share reduced by -2.2%, -4.3% and -6.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported polishes for coachwork in MERCOSUR, comprising 41% of total imports. The second position in the ranking was held by Brazil ($X), with a 13% share of total imports. It was followed by Argentina, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Chile amounted to +12.9%. In the other countries, the average annual rates were as follows: Brazil (-0.9% per year) and Argentina (+5.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by 22% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform