Venezuela - Paints And Varnishes, Based On Acrylic Or Vinyl Polymers - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Venezuela - Paints And Varnishes, Based On Acrylic Or Vinyl Polymers - Market Analysis, Forecast, Size, Trends And Insights

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Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela - 2022

Contents:

  1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela (CIF) - 2022
  2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela (FOB) - 2022
  3. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela
  4. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela (CIF) - 2022

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $1,336 per ton in 2022, reducing by -3.6% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 69%. As a result, import price reached the peak level of $5,427 per ton. From 2018 to 2022, the average import prices remained 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 ($2,422 per ton), while the price for Colombia ($999 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela (FOB) - 2022

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $4,900 per ton in 2022, waning by -3.7% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 135%. Over the period under review, the average export prices attained the maximum at $5,086 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($44,041 per ton), while the average price for exports to Aruba ($2,657 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 Colombia (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela

In 2022, approx. 947 tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were imported into Venezuela; almost unchanged from the year before. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 170%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank slightly to $1.3M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 63%.

Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico6561,0721,12896113.6%
China1.534.122.899.3304.5%
Colombia4.88.826.266.6140.3%
United Kingdom34.225.23.232.9-1.3%
Brazil10.18.023.332.547.6%
Others49.184.195.873.414.3%
Total7551,2321,2991,26618.8%

Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium to Venezuela in 2022:

  1. Mexico (758.4 tons)
  2. Colombia (66.7 tons)
  3. China (53.2 tons)
  4. United Kingdom (28.0 tons)
  5. Brazil (15.4 tons)

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela

In 2022, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were finally on the rise to reach 9.7 tons after two years of decline. Overall, exports, however, continue to indicate a noticeable contraction.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell slightly to $48K in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1.8%. As a result, the exports reached the peak of $48K, leveling off in the following year.

Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Aruba19.521.122.723.76.7%
Colombia21.621.521.320.4-1.9%
Dominican Republic1.61.61.51.5-2.1%
Others3.73.12.62.1-17.2%
Total46.547.348.147.70.9%

Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium from Venezuela in 2022:

  1. Aruba (8.9 tons)
  2. Colombia (0.5 tons)
  3. Dominican Republic (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Venezuela. 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)

Country coverage:

  • Venezuela

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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