Chile: Paint And Varnish Market 2024

Paint And Varnish Market Size in Chile

The Chilean paint and varnish market dropped to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a pronounced reduction. Paint and varnish consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Paint And Varnish Production in Chile

In value terms, paint and varnish production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Paint and varnish production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Paint And Varnish Exports

Exports from Chile

Paint and varnish exports from Chile shrank slightly to X tons in 2022, remaining constant against 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, paint and varnish exports soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

Argentina (X tons), Peru (X tons) and Brazil (X tons) were the main destinations of paint and varnish exports from Chile, together accounting for X% of total exports. The United States, Colombia and Ecuador lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for paint and varnish exported from Chile were Peru ($X), Argentina ($X) and Brazil ($X), with a combined X% share of total exports. Ecuador, the United States and Colombia lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average paint and varnish export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

Paint And Varnish Imports

Imports into Chile

Paint and varnish imports into Chile shrank notably to X tons in 2022, waning by X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, paint and varnish imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and Costa Rica (X tons) were the main suppliers of paint and varnish imports to Chile, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Costa Rica (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paint and varnish suppliers to Chile were the United States ($X), Brazil ($X) and Germany ($X), with a combined X% share of total imports. Spain, China, Costa Rica, Italy, Argentina, Uruguay and Peru lagged somewhat behind, together comprising a further X%.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average paint and varnish import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Peru ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform