Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico (CIF) - 2023
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico (FOB) - 2023
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico (CIF) - 2023
In October 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $6,827 per ton, increasing by 5.5% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 12% against the previous month. As a result, import price attained the peak level of $7,180 per ton. From April 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($14,112 per ton), while the price for Brazil ($4,765 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+15.2%), 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 Mexico (FOB) - 2023
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $7,643 per ton in October 2023, with an increase of 9.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 26% month-to-month. The export price peaked in October 2023.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the United States ($9,540 per ton), while the average price for exports to Guatemala ($4,165 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+5.3%), 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 Mexico
Imports of paints and varnishes, based on polyesters, non-aqueous medium into Mexico reduced to 17K tons in 2022, dropping by -5.6% on the previous year. Over the period under review, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 4.2% against the previous year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium expanded markedly to $102M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 67.8 | 62.7 | 69.7 | 79.4 | 5.4% |
| Germany | 8.0 | 6.9 | 10.6 | 8.8 | 3.2% |
| Italy | 4.9 | 4.3 | 7.4 | 7.9 | 17.3% |
| Brazil | 1.0 | 1.0 | 1.7 | 1.7 | 19.3% |
| Others | 4.7 | 4.0 | 4.3 | 4.6 | -0.7% |
| Total | 86.5 | 78.9 | 93.6 | 102 | 5.6% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Mexico in 2022:
- United States (13.8K tons)
- Germany (1.1K tons)
- Italy (1.1K tons)
- Brazil (0.3K tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico
In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium increased by 34% to 6.4K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 surged to $37M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.5 | 8.4 | 10.1 | 22.0 | 28.0% |
| Costa Rica | 6.2 | 6.2 | 7.3 | 8.4 | 10.7% |
| Guatemala | 2.1 | 1.3 | 2.0 | 2.7 | 8.7% |
| Peru | 1.7 | 1.9 | 1.3 | 1.0 | -16.2% |
| Panama | 0.9 | 0.6 | 0.8 | 0.9 | 0.0% |
| Colombia | 1.3 | 1.4 | 0.8 | 0.9 | -11.5% |
| El Salvador | 0.3 | 0.3 | 0.8 | 0.6 | 26.0% |
| Argentina | 0.5 | 2.0 | 0.2 | N/A | -36.8% |
| Others | 1.2 | 1.0 | 0.5 | 0.7 | -16.4% |
| Total | 24.8 | 23.1 | 23.7 | 37.2 | 14.5% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Mexico in 2022:
- United States (3277.6 tons)
- Costa Rica (1327.9 tons)
- Guatemala (771.5 tons)
- Panama (295.6 tons)
- El Salvador (240.6 tons)
- Colombia (184.9 tons)
- Peru (160.7 tons)
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This report provides an in-depth analysis of the market for non-aqueous paint and varnish in Mexico.
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This report provides an in-depth analysis of the global market for non-aqueous paint and varnish.
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