Latin America and the Caribbean: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Latin America and the Caribbean

The Latin American non-aqueous paint and varnish market totaled $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Latin America and the Caribbean

In value terms, non-aqueous paint and varnish production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports in Latin America and the Caribbean

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Brazil (X tons), distantly followed by Mexico (X tons), Guatemala (X tons), Costa Rica (X tons), El Salvador (X tons) and Colombia (X tons) represented the major exporters of paints and varnishes dispersed or dissolved in a non-aqueous medium, together mixing up X% of total exports. Argentina (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Costa Rica ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Guatemala, El Salvador, Colombia and Argentina lagged somewhat behind, together accounting for a further X%.

El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the other leaders experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports in Latin America and the Caribbean

Non-aqueous paint and varnish imports declined to X tons in 2022, shrinking by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Mexico represented the largest importing country with an import of about X tons, which recorded X% of total imports. Brazil (X tons) took the second position in the ranking, followed by Argentina (X tons), Honduras (X tons), Peru (X tons), Chile (X tons) and Colombia (X tons). All these countries together held near X% share of total imports. Nicaragua (X tons), Guatemala (X tons), Panama (X tons), Costa Rica (X tons), El Salvador (X tons) and Bolivia (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-aqueous paint and varnish imports into Mexico stood at X%. At the same time, Panama (X%), Guatemala (X%), Peru (X%), Nicaragua (X%), Costa Rica (X%), Chile (X%), Colombia (X%), Argentina (X%), Bolivia (X%), Honduras (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, El Salvador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Panama increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported paints and varnishes dispersed or dissolved in a non-aqueous medium in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, non-aqueous paint and varnish imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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