Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico (CIF) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico (FOB) - 2023
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico (CIF) - 2022
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $9,594 per ton in 2022, increasing by 11% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium increased by +65.8% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 49%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($16,315 per ton), while the price for China ($2,567 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico (FOB) - 2023
In October 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $4,552 per ton, shrinking by -9.7% against the previous month. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in January 2023 an increase of 24% m-o-m. Over the period under review, the average export prices hit record highs at $8,817 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Guatemala ($5,143 per ton), while the average price for exports to the United States stood at $4,433 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-0.6%).
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico
In 2022, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium was finally on the rise to reach 16K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt descent.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium skyrocketed to $158M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 116 | 100 | 94.1 | 122 | 1.7% |
| Germany | 6.8 | 8.3 | 12.2 | 12.1 | 21.2% |
| Japan | 7.9 | 4.7 | 6.4 | 6.6 | -5.8% |
| South Korea | 5.2 | 4.5 | 5.7 | 4.1 | -7.6% |
| Canada | 2.5 | 1.9 | 2.2 | 2.5 | 0.0% |
| Spain | 2.1 | 2.0 | 1.8 | 2.2 | 1.6% |
| China | 2.1 | 1.7 | 2.8 | 1.7 | -6.8% |
| Others | 9.0 | 8.1 | 6.4 | 6.8 | -8.9% |
| Total | 151 | 131 | 132 | 158 | 1.5% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Mexico in 2022:
- United States (12.3K tons)
- Germany (1.1K tons)
- China (0.7K tons)
- South Korea (0.5K tons)
- Japan (0.4K tons)
- Spain (0.4K tons)
- Canada (0.3K tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico
After two years of decline, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium increased by 8.8% to 4.2K tons in 2022. In general, exports, however, recorded a deep downturn.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium expanded rapidly to $30M in 2022. Over the period under review, exports, however, recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 15%.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.5 | 17.6 | 21.4 | 24.1 | -6.5% |
| Guatemala | 1.4 | 1.8 | 2.5 | 2.6 | 22.9% |
| Honduras | 0.5 | 0.4 | 0.7 | 0.7 | 11.9% |
| Colombia | 1.1 | 0.4 | 0.9 | 0.7 | -14.0% |
| Cuba | 2.4 | 0.2 | 0.2 | 0.5 | -40.7% |
| Costa Rica | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Belize | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| El Salvador | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Panama | 0.5 | 0.4 | 0.8 | 0.2 | -26.3% |
| Peru | 1.7 | 1.5 | N/A | 0.1 | -61.1% |
| Others | 1.1 | 1.2 | 0.5 | 0.1 | -55.0% |
| Total | 38.9 | 24.4 | 28.1 | 30.0 | -8.3% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Mexico in 2022:
- United States (2755.2 tons)
- Guatemala (602.6 tons)
- Honduras (179.1 tons)
- Colombia (166.6 tons)
- Belize (130.9 tons)
- Cuba (108.2 tons)
- Costa Rica (79.7 tons)
- El Salvador (62.4 tons)
- Panama (46.5 tons)
- Peru (9.8 tons)
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