Report Update: May 1, 2024

Colombia - Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights

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Price for Aqueous Paint and Varnish in Colombia - 2022

Price for Aqueous Paint and Varnish in Colombia (CIF) - 2022

In 2022, the average aqueous paint and varnish import price amounted to $3,346 per ton, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($7,033 per ton), while the price for Free Zones ($1,049 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aqueous Paint and Varnish in Colombia (FOB) - 2022

The average aqueous paint and varnish export price stood at $1,346 per ton in 2022, reducing by -13% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 15%. The export price peaked at $2,484 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($4,982 per ton), while the average price for exports to Curacao ($397 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+18.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aqueous Paint and Varnish in Colombia

Aqueous paint and varnish imports into Colombia amounted to 6.3K tons in 2022, with an increase of 8% compared with the previous year's figure. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, aqueous paint and varnish imports surged to $21M in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Aqueous Paint and Varnish in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	2.5	2.2	3.7	6.3	36.1%
United States	2.6	1.7	2.4	3.0	4.9%
Spain	1.7	1.3	1.9	2.4	12.2%
Italy	0.9	0.8	1.4	1.7	23.6%
United Kingdom	0.8	1.6	2.8	1.5	23.3%
Mexico	0.7	1.0	1.0	1.4	26.0%
Netherlands	1.0	0.7	0.8	0.9	-3.5%
China	0.2	0.6	0.3	0.8	58.7%
Germany	0.4	0.3	0.5	0.7	20.5%
Free Zones	N/A	N/A	0.2	0.7	250.0%
Hong Kong SAR	0.5	0.3	0.6	0.5	0.0%
Others	0.7	0.8	1.1	1.1	16.3%
Total	12.1	11.2	16.7	21.0	20.2%

Top Suppliers of Aqueous Paint and Varnish to Colombia in 2022:

Brazil (1330.5 tons)
United States (775.9 tons)
United Kingdom (759.7 tons)
Free Zones (657.0 tons)
Italy (557.6 tons)
Mexico (470.6 tons)
China (402.9 tons)
Netherlands (351.2 tons)
Spain (344.4 tons)
Hong Kong SAR (173.6 tons)
Germany (172.0 tons)

Exports of Aqueous Paint and Varnish in Colombia

Aqueous paint and varnish exports from Colombia soared to 3.3K tons in 2022, with an increase of 61% compared with the year before. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.1% against 2020 indices. 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 skyrocketed to $4.5M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Aqueous Paint and Varnish in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Panama	663	376	1,202	1,846	40.7%
Bolivia	394	111	540	545	11.4%
Costa Rica	14.7	24.0	95.0	484	220.5%
Ecuador	151	87.3	328	459	44.9%
Venezuela	53.8	72.2	294	442	101.8%
Peru	1,781	1,802	160	288	-45.5%
Honduras	34.5	47.8	138	107	45.8%
Mexico	288	317	201	70.3	-37.5%
Curacao	54.7	0.7	4.8	27.9	-20.1%
Others	67.4	74.7	250	224	49.2%
Total	3,503	2,913	3,214	4,493	8.7%

Top Export Markets for Aqueous Paint and Varnish from Colombia in 2022:

Panama (2117.0 tons)
Bolivia (350.3 tons)
Venezuela (264.7 tons)
Ecuador (163.6 tons)
Peru (134.1 tons)
Costa Rica (97.2 tons)
Curacao (70.1 tons)
Honduras (31.3 tons)
Mexico (31.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for aqueous paint and varnish in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023