Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Chile - 2023

Contents:

  1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Chile (CIF) - 2023
  2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Chile (FOB) - 2022
  3. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Chile
  4. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Chile

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Chile (CIF) - 2023

In November 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,957 per ton, waning by -27% against the previous month. Over the period under review, the import price continues to indicate a mild reduction. The growth pace was the most rapid in January 2023 an increase of 44% against the previous month. Over the period under review, average import prices attained the peak figure at $7,100 per ton in March 2023; however, from April 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,758 per ton), while the price for China ($2,079 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Colombia (+8.2%), 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 Chile (FOB) - 2022

In 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $4,997 per ton, with a decrease of -14.9% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for paints and varnishes, based on polyesters, non-aqueous medium increased by +41.3% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 34%. As a result, the export price reached the peak level of $5,870 per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($9,398 per ton), while the average price for exports to Argentina ($3,549 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 Costa Rica (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of paints and varnishes, based on polyesters, non-aqueous medium into Chile fell notably to 2.9K tons, with a decrease of -15.9% against the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, imports attained the peak of 3.4K tons, and then shrank significantly in the following year.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium amounted to $14M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil4.23.65.25.38.1%
United States2.21.62.22.20.0%
Argentina1.31.11.51.30.0%
Germany0.60.61.11.226.0%
China0.10.41.01.0115.4%
Italy0.40.61.00.720.5%
Taiwan (Chinese)N/A0.10.10.4100.0%
Spain0.50.30.20.4-7.2%
Others1.01.21.61.617.0%
Total10.59.313.814.210.6%

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

  1. Brazil (872.3 tons)
  2. China (540.7 tons)
  3. United States (447.7 tons)
  4. Argentina (348.7 tons)
  5. Germany (194.4 tons)
  6. Italy (116.7 tons)
  7. Taiwan (Chinese) (67.2 tons)
  8. Spain (54.3 tons)

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

In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium increased by 275% to 67 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium skyrocketed to $337K in 2022. Overall, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru90.959.362.914416.6%
EcuadorN/AN/A0.971.97888.9%
Argentina4.80.37.267.1140.9%
Paraguay0.120.731.533.7595.9%
United States22.4N/A0.915.0-12.5%
Bolivia4.44.32.15.57.7%
Colombia97.28.4N/AN/A-91.4%
Others1.43.70.2N/A-62.2%
Total22196.710633715.1%

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

  1. Peru (30.4 tons)
  2. Argentina (18.9 tons)
  3. Ecuador (7.7 tons)
  4. Paraguay (6.7 tons)
  5. United States (2.7 tons)
  6. Bolivia (1.1 tons)

Source: IndexBox Market Intelligence Platform

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