Report Update: May 1, 2024

Chile - Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights

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Price for Non-Aqueous Paint and Varnish in Chile - 2023

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

The average non-aqueous paint and varnish import price stood at $5,060 per ton in 2022, increasing by 24% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $5,449 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 France ($8,310 per ton), while the price for Costa Rica ($2,720 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Aqueous Paint and Varnish in Chile (FOB) - 2023

In July 2023, the average non-aqueous paint and varnish export price amounted to $4,935 per ton, surging by 13% against the previous month. In general, export price indicated a mild expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, non-aqueous paint and varnish export price decreased by -26.0% against April 2023 indices. The pace of growth was the most pronounced in November 2022 when the average export price increased by 43% month-to-month. The export price peaked at $6,665 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Paraguay ($14,154 per ton), while the average price for exports to Argentina ($4,268 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Aqueous Paint and Varnish in Chile

In 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium imported into Chile declined significantly to 12K tons, which is down by -20.4% against the previous year's figure. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of 15K tons, and then contracted significantly in the following year.

In value terms, non-aqueous paint and varnish imports shrank slightly to $60M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 +43.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports reached the peak of $61M, leveling off in the following year.

Import of Non-Aqueous Paint and Varnish in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	9.9	8.0	11.7	11.2	4.2%
United States	7.4	5.4	6.6	7.1	-1.4%
China	3.0	3.7	7.4	7.1	33.3%
Spain	5.1	3.7	5.0	4.7	-2.7%
Germany	4.1	2.9	4.9	4.5	3.2%
Argentina	5.6	3.0	4.3	4.3	-8.4%
Italy	2.4	2.6	3.6	4.0	18.6%
Japan	1.4	2.2	1.6	2.4	19.7%
Portugal	0.8	1.5	1.7	2.1	37.9%
France	0.8	1.5	1.6	1.8	31.0%
Uruguay	1.0	1.3	1.7	1.7	19.3%
Costa Rica	1.2	0.3	1.4	1.0	-5.9%
Belgium	0.3	0.4	0.5	0.9	44.2%
Others	4.4	5.4	8.5	7.5	19.5%
Total	47.3	41.9	60.6	60.0	8.3%

Top Suppliers of Non-Aqueous Paint and Varnish to Chile in 2022:

China (2476.4 tons)
Brazil (1787.0 tons)
Spain (1109.6 tons)
Argentina (955.2 tons)
United States (938.2 tons)
Italy (777.2 tons)
Germany (729.6 tons)
Uruguay (403.6 tons)
Costa Rica (356.6 tons)
Portugal (346.3 tons)
Japan (332.6 tons)
France (221.0 tons)
Belgium (182.0 tons)

Exports of Non-Aqueous Paint and Varnish in Chile

In 2022, non-aqueous paint and varnish exports from Chile stood at 866 tons, growing by 4.3% on 2021. Over the period under review, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 47%.

In value terms, non-aqueous paint and varnish exports surged to $3.9M in 2022. In general, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Non-Aqueous Paint and Varnish in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	2,247	1,193	1,972	2,066	-2.8%
Argentina	419	351	819	1,182	41.3%
Ecuador	225	163	135	193	-5.0%
Colombia	119	87.1	152	178	14.4%
Bolivia	238	53.0	13.5	65.9	-34.8%
Others	306	168	101	168	-18.1%
Total	3,553	2,015	3,193	3,853	2.7%

Top Export Markets for Non-Aqueous Paint and Varnish from Chile in 2022:

Peru (451.9 tons)
Argentina (303.5 tons)
Ecuador (30.9 tons)
Colombia (30.6 tons)
Bolivia (16.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for non-aqueous paint and varnish in Chile. 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 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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