Peru: 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 Peru

The Peruvian aqueous paint and varnish market skyrocketed to $X in 2021, with an increase of 17% against the previous year. In general, consumption, however, showed a noticeable setback. Aqueous paint and varnish consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, aqueous paint and varnish production totaled $X in 2021 estimated in export price. In general, production, however, showed a deep downturn. Aqueous paint and varnish production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports from Peru

In 2021, shipments abroad of paints and varnishes dispersed or dissolved in an aqueous medium decreased by -20.5% to X tons, falling for the second consecutive year after three years of growth. Overall, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -26.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 33%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, aqueous paint and varnish exports surged to $X in 2021. In general, total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.4% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 44%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Ecuador (X tons) and Colombia (X tons) were the main destinations of aqueous paint and varnish exports from Peru, together comprising 88% of total exports. These countries were followed by Guatemala, Bolivia and Venezuela, which together accounted for a further 7.4%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +37.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aqueous paint and varnish exported from Peru were Chile ($X), Ecuador ($X) and Guatemala ($X), with a combined 51% share of total exports. Colombia, Bolivia and Venezuela lagged somewhat behind, together comprising a further 11%.

In terms of the main countries of destination, Venezuela, with a CAGR of +33.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aqueous paint and varnish export price amounted to $X per ton, rising by 61% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Peru

In 2021, the amount of paints and varnishes dispersed or dissolved in an aqueous medium imported into Peru surged to X tons, rising by 15% compared with 2020 figures. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 70%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, aqueous paint and varnish imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Guatemala (X tons) constituted the largest aqueous paint and varnish supplier to Peru, accounting for a 41% share of total imports. Moreover, aqueous paint and varnish imports from Guatemala exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Guatemala totaled +134.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and the United States (-0.1% per year).

In value terms, the largest aqueous paint and varnish suppliers to Peru were Germany ($X), Guatemala ($X) and the United States ($X), with a combined 65% share of total imports.

In terms of the main suppliers, Guatemala, with a CAGR of +141.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aqueous paint and varnish import price amounted to $X per ton, rising by 28% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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