Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Colombia - 2022

Contents:

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

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Colombia (CIF) - 2022

In February 2022, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $6,483 per ton, jumping by 19% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in November 2021 an increase of 34% m-o-m. The import price peaked at $6,947 per ton in August 2021; however, from September 2021 to February 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($30,666 per ton), while the price for Spain ($4,540 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.1%), 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 Colombia (FOB) - 2022

The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $4,635 per ton in February 2022, waning by -19% against the previous month. Overall, export price indicated tangible growth from February 2021 to February 2022: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, export price for paints and varnishes, based on polyesters, non-aqueous medium decreased by -4.5% against September 2021 indices. The pace of growth appeared the most rapid in September 2021 when the average export price increased by 51% month-to-month. The export price peaked at $5,719 per ton in January 2022, and then contracted dramatically in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Guatemala ($14,830 per ton), while the average price for exports to Panama ($3,047 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+17.4%), 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 Colombia

Imports of paints and varnishes, based on polyesters, non-aqueous medium into Colombia rose remarkably to 1.1K tons in 2022, with an increase of 9.1% on the year before. Overall, imports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium surged to $6.6M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. Mexico (371.9 tons)
2. Brazil (199.1 tons)
3. Spain (196.5 tons)
4. Germany (79.9 tons)
5. El Salvador (78.7 tons)
6. United States (67.1 tons)
7. Ecuador (50.9 tons)
8. Italy (30.2 tons)
9. France (3.5 tons)

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

In 2022, exports of paints and varnishes, based on polyesters, non-aqueous medium from Colombia fell dramatically to 633 tons, shrinking by -45.9% compared with 2021. Overall, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium declined rapidly to $3.3M in 2022. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, the exports reached the peak of $4.1M, and then fell markedly in the following year.

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

1. Panama (251.9 tons)
2. Ecuador (137.0 tons)
3. Venezuela (58.7 tons)
4. Honduras (40.1 tons)
5. Dominican Republic (37.7 tons)
6. United States (36.1 tons)
7. Guatemala (25.9 tons)
8. Peru (21.7 tons)
9. Costa Rica (7.8 tons)
10. Trinidad and Tobago (5.7 tons)

Source: IndexBox Market Intelligence Platform