Singapore - Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Aqueous Paint and Varnish in Singapore - 2022
Contents:
- Price for Aqueous Paint and Varnish in Singapore (FOB) - 2022
- Price for Aqueous Paint and Varnish in Singapore (CIF) - 2022
- Exports of Aqueous Paint and Varnish in Singapore
- Imports of Aqueous Paint and Varnish in Singapore
Price for Aqueous Paint and Varnish in Singapore (FOB) - 2022
In September 2022, the average aqueous paint and varnish export price amounted to $4,708 per ton, standing approximately at the previous month. Over the period from September 2021 to September 2022, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 45% month-to-month. The export price peaked at $4,984 per ton in June 2022; however, from July 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was China ($7,781 per ton), while the average price for exports to Australia ($1,847 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aqueous Paint and Varnish in Singapore (CIF) - 2022
In September 2022, the average aqueous paint and varnish import price amounted to $3,062 per ton, falling by -7.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 17% m-o-m. The import price peaked at $3,630 per ton in February 2022; however, from March 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,058 per ton), while the price for Taiwan (Chinese) ($1,736 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aqueous Paint and Varnish in Singapore
For the fourth year in a row, Singapore recorded growth in overseas shipments of paints and varnishes dispersed or dissolved in an aqueous medium, which increased by 5.7% to 35K tons in 2022. The total export volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 12%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, aqueous paint and varnish exports amounted to $114M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +48.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Aqueous Paint and Varnish in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.1 | 18.6 | 30.3 | 33.9 | 41.0% |
Vietnam | 7.6 | 11.0 | 12.0 | 16.8 | 30.3% |
South Korea | 6.7 | 10.5 | 11.4 | 10.4 | 15.8% |
Thailand | 8.6 | 8.4 | 11.1 | 9.8 | 4.5% |
Cambodia | 3.0 | 3.9 | 6.4 | 7.6 | 36.3% |
Malaysia | 6.6 | 5.3 | 5.5 | 5.8 | -4.2% |
Australia | 3.1 | 3.1 | 5.6 | 4.9 | 16.5% |
Indonesia | 6.3 | 5.5 | 6.2 | 4.9 | -8.0% |
Brunei Darussalam | 5.3 | 5.2 | 5.6 | 4.2 | -7.5% |
Others | 17.0 | 13.7 | 15.8 | 15.3 | -3.5% |
Total | 76.3 | 85.2 | 110 | 114 | 14.3% |
Top Export Markets for Aqueous Paint and Varnish from Singapore in 2022:
- China (7.0K tons)
- Vietnam (6.1K tons)
- Cambodia (3.4K tons)
- Australia (3.3K tons)
- Malaysia (2.8K tons)
- Thailand (2.8K tons)
- South Korea (1.9K tons)
- Indonesia (1.7K tons)
- Brunei Darussalam (1.5K tons)
Imports of Aqueous Paint and Varnish in Singapore
In 2022, the amount of paints and varnishes dispersed or dissolved in an aqueous medium imported into Singapore expanded slightly to 16K tons, with an increase of 3.2% on the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +46.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, aqueous paint and varnish imports totaled $38M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Aqueous Paint and Varnish in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 14.9 | 12.0 | 15.1 | 16.9 | 4.3% |
Taiwan (Chinese) | 0.9 | 2.6 | 7.3 | 8.7 | 113.0% |
United States | 4.3 | 2.1 | 2.0 | 2.5 | -16.5% |
Thailand | 1.2 | 1.5 | 2.0 | 1.9 | 16.6% |
Netherlands | 2.1 | 2.0 | 1.8 | 1.1 | -19.4% |
Italy | 1.2 | 0.7 | 0.9 | 1.1 | -2.9% |
China | 0.6 | 0.6 | 1.3 | 0.8 | 10.1% |
South Korea | 0.3 | 0.3 | 0.2 | 0.5 | 18.6% |
Others | 6.3 | 4.4 | 7.2 | 4.7 | -9.3% |
Total | 31.8 | 26.2 | 37.9 | 38.1 | 6.2% |
Top Suppliers of Aqueous Paint and Varnish to Singapore in 2022:
- Malaysia (6.5K tons)
- Taiwan (Chinese) (6.1K tons)
- Thailand (0.7K tons)
- United States (0.5K tons)
- Netherlands (0.4K tons)
- China (0.3K tons)
- South Korea (0.3K tons)
- Italy (0.2K tons)
This report provides an in-depth analysis of the market for aqueous paint and varnish in Singapore. 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
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
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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
This report provides an in-depth analysis of the market for aqueous paint and varnish in Singapore.
This report provides an in-depth analysis of the paint and varnish market in Singapore.
This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Singapore.
This report provides an in-depth analysis of the market for metal spiral or discs spring in Singapore.
This report provides an in-depth analysis of the global market for aqueous paint and varnish.
This report provides an in-depth analysis of the global paint and varnish market.
This report provides an in-depth analysis of the global market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium.
This report provides an in-depth analysis of the global market for metal spiral or discs spring.
This report provides an in-depth analysis of the market for aqueous paint and varnish in Singapore.
This report provides an in-depth analysis of the paint and varnish market in Singapore.
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.
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. ...
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. ...
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.
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. ...
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. ...