Philippines - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPaint and Varnish Price in the Philippines - 2023
Contents:
- Paint and Varnish Price in the Philippines (CIF) - 2023
- Paint and Varnish Price in the Philippines (FOB) - 2022
- Paint and Varnish Imports in the Philippines
- Paint and Varnish Exports in the Philippines
Paint and Varnish Price in the Philippines (CIF) - 2023
In June 2023, the average paint and varnish import price amounted to $3,910 per ton, dropping by -18.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 14% m-o-m. Over the period under review, average import prices attained the peak figure at $4,782 per ton in May 2023, and then contracted significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($11,131 per ton), while the price for China ($1,041 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Paint and Varnish Price in the Philippines (FOB) - 2022
In 2022, the average paint and varnish export price amounted to $2,597 per ton, declining by -16.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The export price peaked at $3,368 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($6,484 per ton), while the average price for exports to Japan ($1,896 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 Vietnam (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Paint and Varnish Imports in the Philippines
Paint and varnish imports into the Philippines reduced markedly to 30K tons in 2022, waning by -18.5% against the previous year. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
In value terms, paint and varnish imports contracted to $111M in 2022. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.
| Import of Paint and Varnish in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 22.1 | 21.8 | 22.2 | 20.4 | -2.6% |
| Japan | 23.4 | 19.7 | 19.1 | 17.8 | -8.7% |
| Malaysia | 13.4 | 11.4 | 15.8 | 17.6 | 9.5% |
| Singapore | 13.7 | 7.9 | 9.5 | 7.7 | -17.5% |
| China | 8.2 | 6.2 | 8.9 | 6.5 | -7.5% |
| Indonesia | 7.1 | 5.5 | 5.5 | 5.9 | -6.0% |
| Vietnam | 2.8 | 3.4 | 8.4 | 5.8 | 27.5% |
| United States | 3.6 | 2.0 | 4.6 | 4.5 | 7.7% |
| Taiwan (Chinese) | 4.6 | 4.0 | 4.2 | 4.1 | -3.8% |
| Others | 18.1 | 13.7 | 16.4 | 20.8 | 4.7% |
| Total | 117 | 95.7 | 115 | 111 | -1.7% |
Top Suppliers of Paint and Varnish to the Philippines in 2022:
- Malaysia (5.2K tons)
- Japan (5.0K tons)
- China (5.0K tons)
- Thailand (4.5K tons)
- Singapore (1.5K tons)
- Indonesia (1.5K tons)
- Vietnam (1.4K tons)
- Taiwan (Chinese) (1.0K tons)
- United States (0.4K tons)
Paint and Varnish Exports in the Philippines
In 2022, paint and varnish exports from the Philippines reduced to 2.1K tons, dropping by -3.5% compared with 2021. Overall, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 30%.
In value terms, paint and varnish exports dropped markedly to $5.5M in 2022. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. As a result, the exports attained the peak of $6.8M, and then contracted significantly in the following year.
| Export of Paint and Varnish in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,234 | 1,564 | 3,062 | 1,998 | -3.7% |
| Indonesia | 1,360 | 726 | 1,730 | 1,169 | -4.9% |
| Vietnam | 640 | 415 | 274 | 528 | -6.2% |
| United States | 394 | 394 | 487 | 415 | 1.7% |
| Singapore | 26.8 | 316 | N/A | 197 | 94.4% |
| India | 621 | 287 | 306 | 170 | -35.1% |
| Thailand | 133 | 42.6 | 73.6 | 165 | 7.5% |
| Palau | 55.6 | 81.0 | 143 | 149 | 38.9% |
| Madagascar | N/A | N/A | N/A | 137 | 0% |
| Papua New Guinea | 252 | 247 | 149 | 98.6 | -26.9% |
| Micronesia | 50.3 | 53.1 | 33.3 | 81.9 | 17.6% |
| Northern Mariana Islands | 151 | 40.1 | 80.2 | 3.1 | -72.6% |
| Others | 532 | 440 | 469 | 375 | -11.0% |
| Total | 6,450 | 4,605 | 6,808 | 5,488 | -5.2% |
Top Export Markets for Paint and Varnish from the Philippines in 2022:
- Japan (1053.6 tons)
- Indonesia (456.4 tons)
- United States (155.9 tons)
- Vietnam (81.5 tons)
- Palau (57.5 tons)
- Thailand (54.0 tons)
- Singapore (45.0 tons)
- India (39.3 tons)
- Micronesia (38.2 tons)
- Madagascar (32.5 tons)
- Papua New Guinea (30.3 tons)
- Northern Mariana Islands (1.9 tons)
This report provides an in-depth analysis of the paint and varnish market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
- Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
- Prodcom 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
- Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
- Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
- Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
- Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
- Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.
- Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
- Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the paint and varnish market in the Philippines.
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This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in the Philippines.
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This report provides an in-depth analysis of the market for aqueous paint and varnish in the Philippines.
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This report provides an in-depth analysis of the global paint and varnish market.
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This report provides an in-depth analysis of the global market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium.
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This report provides an in-depth analysis of the global market for aqueous paint and varnish.
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This report provides an in-depth analysis of the global market for metal spiral or discs spring.
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This report provides an in-depth analysis of the paint and varnish market in the Philippines.
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This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in the Philippines.
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Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
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Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
1662
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
3016
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
