Peru: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Peru

The Peruvian aqueous paint and varnish market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a perceptible contraction. Aqueous paint and varnish consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Peru

In value terms, aqueous paint and varnish production dropped to $X in 2022 estimated in export price. In general, production saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports from Peru

In 2022, the amount of paints and varnishes dispersed or dissolved in an aqueous medium exported from Peru expanded rapidly to X tons, picking up by X% compared with 2021 figures. In general, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, aqueous paint and varnish exports surged to $X in 2022. Over the period under review, exports enjoyed tangible growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Ecuador (X tons), Chile (X tons) and Colombia (X tons) were the main destinations of aqueous paint and varnish exports from Peru, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X), Chile ($X) and Colombia ($X) were the largest markets for aqueous paint and varnish exported from Peru worldwide, with a combined X% share of total exports.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average aqueous paint and varnish export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Chile ($X 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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports into Peru

In 2022, the amount of paints and varnishes dispersed or dissolved in an aqueous medium imported into Peru fell to X tons, waning by X% compared with 2021 figures. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, aqueous paint and varnish imports amounted to $X in 2022. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest aqueous paint and varnish supplier to Peru, accounting for a X% share of total imports. Moreover, aqueous paint and varnish imports from Guatemala exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Guatemala totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Guatemala ($X), Germany ($X) and the United States ($X) appeared to be the largest aqueous paint and varnish suppliers to Peru, with a combined X% share of total imports.

In terms of the main suppliers, Guatemala, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aqueous paint and varnish import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :