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

Contents:

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

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

In February 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $3,834 per ton, falling by -23.3% against the previous month. In general, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in November 2021 an increase of 42% month-to-month. The import price peaked at $7,814 per ton in June 2021; however, from July 2021 to February 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($17,187 per ton), while the price for Hong Kong SAR ($436 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $4,045 per ton in February 2022, with a decrease of -14.6% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 when the average export price increased by 58% m-o-m. As a result, the export price attained the peak level of $5,075 per ton. From November 2021 to February 2022, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In February 2022, the country with the highest price was El Salvador ($8,956 per ton), while the average price for exports to Honduras ($2,075 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+3.5%), 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, Non-Aqueous Medium in Colombia

In 2022, approx. 4.5K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were imported into Colombia; waning by -4% against the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 4.6K tons, and then contracted modestly in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium skyrocketed to $32M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (1786.6 tons)
2. United States (1075.2 tons)
3. Germany (335.5 tons)
4. Spain (331.4 tons)
5. France (276.7 tons)
6. Brazil (257.2 tons)
7. Mexico (114.5 tons)
8. Hong Kong SAR (45.8 tons)

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Colombia

In 2022, approx. 1.5K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were exported from Colombia; rising by 30% against the previous year. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium surged to $5.9M in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Ecuador (504.8 tons)
2. Venezuela (309.8 tons)
3. Honduras (181.2 tons)
4. Panama (158.6 tons)
5. Peru (57.7 tons)
6. Mexico (54.3 tons)
7. Costa Rica (40.3 tons)
8. Aruba (31.4 tons)
9. Argentina (25.2 tons)
10. United States (23.7 tons)

Source: IndexBox Market Intelligence Platform