Northern America: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2025

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Northern America

The North American market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X in 2022, with an increase of 6.8% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

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

Exports in Northern America

For the third consecutive year, Northern America recorded decline in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, which decreased by -9.6% to X tons in 2022. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 14% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded rapidly to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +74.3% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 12%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the United States (X tons) was the key exporter of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, committing 73% of total exports. It was distantly followed by Canada (X tons), generating a 27% share of total exports.

Exports from the United States decreased at an average annual rate of -9.9% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of Canada (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-15.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in Northern America, comprising 92% of total exports. The second position in the ranking was held by Canada ($X), with an 8.3% share of total exports.

In the United States, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded at an average annual rate of +5.8% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 23% against the previous year. Overall, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2020 when the export price increased by 117% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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 the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.4%).

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

Imports in Northern America

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by 5.5% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 12% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +79.3% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada represented the key importing country with an import of around X tons, which recorded 89% of total imports. It was distantly followed by the United States (X tons), comprising a 10% share of total imports.

Canada was also the fastest-growing in terms of the paints and varnishes, based on acrylic or vinyl polymers, aqueous medium imports, with a CAGR of +3.1% from 2012 to 2022. The United States (-2.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +5.9 percentage points.

In value terms, Canada ($X) constitutes the largest market for imported paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Northern America, comprising 75% of total imports. The second position in the ranking was held by the United States ($X), with a 25% share of total imports.

In Canada, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded at an average annual rate of +5.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2019 an increase of 12%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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 the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%).

Source: IndexBox Platform

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