Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador - 2022

Contents:

1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador (CIF) - 2022
2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador (FOB) - 2022
3. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador
4. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador (CIF) - 2022

In 2022, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $4,178 per ton, with an increase of 13% against the previous year. In general, the import price, however, recorded a perceptible setback. Over the period under review, average import prices attained the peak figure at $5,809 per ton in 2018; however, from 2019 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 ($9,633 per ton), while the price for China ($2,166 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador (FOB) - 2022

The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $6,946 per ton in 2022, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +6.1%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 33%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($8,029 per ton), while the average price for exports to Colombia ($6,591 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 (+4.2%), while the prices for the other major destinations experienced a decline.

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador

In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium imported into Ecuador surged to 1.5K tons, growing by 21% on 2021 figures. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium surged to $6.1M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Ecuador in 2022:

1. China (874.2 tons)
2. Brazil (219.0 tons)
3. Colombia (139.9 tons)
4. Spain (73.4 tons)
5. United States (41.9 tons)
6. Italy (41.7 tons)
7. Germany (21.0 tons)
8. Mexico (18.3 tons)

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ecuador

In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium exported from Ecuador contracted to 287 tons, declining by -9.6% on 2021 figures. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 52%. As a result, the exports attained the peak of 318 tons, and then contracted in the following year.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium rose rapidly to $2M in 2022. In general, total exports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +4.3% 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 +54.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Ecuador in 2022:

1. Peru (177.8 tons)
2. Colombia (55.4 tons)
3. Chile (52.6 tons)
4. Spain (0.1 tons)

Source: IndexBox Market Intelligence Platform