Venezuela: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2025

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Venezuela

The Venezuelan market for paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021, growing by 197% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep setback. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Venezuela

For the third year in a row, Venezuela recorded decline in shipments abroad of paint, distemper, varnish or similar brushes, paint pads and rollers, which decreased by -10% to X units in 2021. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 1,050% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers dropped modestly to $X in 2021. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 1,292%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Venezuela, accounting for a 60% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Panama exceeded the volume sent to the second major destination, Costa Rica (X units), twofold. The Dominican Republic (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Panama totaled -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+16.2% per year) and the Dominican Republic (-7.8% per year).

In value terms, Panama ($X) remains the key foreign market for paint, distemper, varnish or similar brushes, paint pads and rollers exports from Venezuela, comprising 59% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 25% share of total exports. It was followed by Spain, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+24.5% per year) and Spain (+2.3% per year).

Export Prices by Country

The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, surging by 9.5% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 129% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Venezuela

In 2021, approx. X units of paint, distemper, varnish or similar brushes, paint pads and rollers were imported into Venezuela; growing by 190% compared with the year before. In general, imports, however, faced a deep slump. Over the period under review, imports of attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. Overall, imports, however, showed a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest paint, distemper, varnish or similar brush, paint pad and roller supplier to Venezuela, with a 86% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. Colombia (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-24.3% per year) and Colombia (+1.1% per year).

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Venezuela, comprising 73% of total imports. The second position in the ranking was taken by Panama ($X), with a 5.5% share of total imports. It was followed by Brazil, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-11.4% per year) and Brazil (-24.7% per year).

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, increasing by 3.4% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform