Colombia: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Colombia

The Colombian market for paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021, growing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Colombia

Exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Colombia skyrocketed to X units in 2021, rising by 54% compared with 2020 figures. Over the period under review, exports enjoyed a slight increase. The growth pace was the most rapid in 2017 with an increase of 72% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. Overall, exports posted noticeable growth. The pace of growth was the most pronounced in 2017 with an increase of 112% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Ecuador (X units), Peru (X units) and Venezuela (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Colombia, with a combined 87% share of total exports. Chile, Brazil and the Dominican Republic lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +112.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Colombia were Ecuador ($X), Peru ($X) and Chile ($X), together comprising 90% of total exports.

Among the main countries of destination, Chile, with a CAGR of +185.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, falling by -8.8% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -16.4% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 90% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+34.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Colombia

In 2021, imports of paint, distemper, varnish or similar brushes, paint pads and rollers into Colombia surged to X units, picking up by 40% against the year before. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 61%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 33% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main paint, distemper, varnish or similar brush, paint pad and roller supplier to Colombia, accounting for a 95% share of total imports. It was followed by Brazil (X units), with a 2.4% share of total imports. The third position in this ranking was taken by Indonesia (X units), with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-3.2% per year) and Indonesia (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Colombia, comprising 86% of total imports. The second position in the ranking was held by Brazil ($X), with a 5.1% share of total imports. It was followed by Indonesia, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-5.7% per year) and Indonesia (+1.7% per year).

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, dropping by -10.8% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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