Colombia - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Oil and Water Paints and Varnishes in Colombia - 2022
Contents:
- Price for Oil and Water Paints and Varnishes in Colombia (CIF) - 2022
- Price for Oil and Water Paints and Varnishes in Colombia (FOB) - 2022
- Imports of Oil and Water Paints and Varnishes in Colombia
- Exports of Oil and Water Paints and Varnishes in Colombia
Price for Oil and Water Paints and Varnishes in Colombia (CIF) - 2022
In 2022, the average import price for oil and water paints and varnishes amounted to $3,592 per ton, rising by 39% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $5,494 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,015 per ton), while the price for China ($1,448 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil and Water Paints and Varnishes in Colombia (FOB) - 2022
In 2022, the average export price for oil and water paints and varnishes amounted to $6,243 per ton, rising by 83% against the previous year. In general, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($14,958 per ton), while the average price for exports to Curacao ($2,269 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 Mexico (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil and Water Paints and Varnishes in Colombia
In 2022, overseas purchases of oil and water paints and varnishes decreased by -10.4% to 916 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 132% against the previous year. As a result, imports reached the peak of 1K tons, and then declined in the following year.
In value terms, imports of oil and water paints and varnishes surged to $3.3M in 2022. In general, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Oil and Water Paints and Varnishes in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 726 | 369 | 596 | 947 | 9.3% |
| China | 169 | 294 | 635 | 683 | 59.3% |
| Italy | 415 | 125 | 230 | 545 | 9.5% |
| Spain | 424 | 448 | 336 | 309 | -10.0% |
| Taiwan (Chinese) | 177 | 120 | 132 | 185 | 1.5% |
| Switzerland | N/A | 52.9 | 304 | 181 | 85.0% |
| Brazil | 70.8 | 42.2 | 41.0 | 71.4 | 0.3% |
| Others | 94.4 | 185 | 363 | 368 | 57.4% |
| Total | 2,076 | 1,635 | 2,637 | 3,289 | 16.6% |
Top Suppliers of Oil and Water Paints and Varnishes to Colombia in 2022:
- China (471.9 tons)
- Spain (159.5 tons)
- Italy (87.6 tons)
- United States (86.0 tons)
- Taiwan (Chinese) (32.0 tons)
- Brazil (29.5 tons)
- Switzerland (17.5 tons)
Exports of Oil and Water Paints and Varnishes in Colombia
In 2022, exports of oil and water paints and varnishes from Colombia plummeted to 13 tons, waning by -80.7% against 2021. In general, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 165%. As a result, the exports reached the peak of 67 tons, and then shrank notably in the following year.
In value terms, exports of oil and water paints and varnishes shrank dramatically to $81K in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 251% against the previous year. As a result, the exports reached the peak of $230K, and then fell significantly in the following year.
| Export of Oil and Water Paints and Varnishes in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 65.1 | 1.2 | 16.3 | 41.7 | -13.8% |
| Aruba | 0.4 | 1.0 | 22.7 | 11.4 | 205.5% |
| Panama | 5.0 | 4.1 | 11.5 | 8.0 | 17.0% |
| Honduras | N/A | N/A | N/A | 7.0 | 0% |
| Mexico | N/A | N/A | N/A | 6.0 | 0% |
| Venezuela | 31.4 | 56.4 | 176 | 5.6 | -43.7% |
| Curacao | 0.2 | 0.2 | N/A | 0.5 | 35.7% |
| Others | 16.9 | 2.3 | 3.2 | 0.3 | -73.9% |
| Total | 119 | 65.3 | 230 | 80.6 | -12.2% |
Top Export Markets for Oil and Water Paints and Varnishes from Colombia in 2022:
- Ecuador (5.9 tons)
- Aruba (2.7 tons)
- Venezuela (1.5 tons)
- Panama (1.2 tons)
- Honduras (0.8 tons)
- Mexico (0.4 tons)
- Curacao (0.2 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes 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 20302213 - Oil paints and varnishes (including enamels and lacquers)
- Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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