Report Update: May 1, 2024

China - Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights

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Price for Non-Aqueous Paint and Varnish in China - 2023

Price for Non-Aqueous Paint and Varnish in China (CIF) - 2023

The average non-aqueous paint and varnish import price stood at $14,352 per ton in June 2023, remaining constant against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in September 2022 an increase of 17% against the previous month. Over the period under review, average import prices reached the maximum in June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($29,002 per ton), while the price for Thailand ($4,072 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 Singapore (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Aqueous Paint and Varnish in China (FOB) - 2022

The average non-aqueous paint and varnish export price stood at $4,068 per ton in 2022, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 an increase of 14%. As a result, the export price attained the peak level of $4,205 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($7,157 per ton), while the average price for exports to Pakistan ($1,888 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 Mexico (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Aqueous Paint and Varnish in China

Non-aqueous paint and varnish imports into China declined to 96K tons in 2022, shrinking by -13.7% on the previous year. Over the period under review, imports recorded a slight descent. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of 112K tons, and then reduced in the following year.

In value terms, non-aqueous paint and varnish imports fell to $1.1B in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. As a result, imports attained the peak of $1.2B, and then reduced in the following year.

Import of Non-Aqueous Paint and Varnish in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	432	514	570	502	5.1%
South Korea	182	163	216	214	5.5%
Germany	88.5	87.8	94.6	89.8	0.5%
United States	46.9	45.6	69.5	77.6	18.3%
Malaysia	17.5	31.8	48.5	35.6	26.7%
United Kingdom	12.2	12.6	26.2	25.8	28.4%
Singapore	24.7	20.0	20.7	24.9	0.3%
France	21.3	14.4	13.1	10.1	-22.0%
Taiwan (Chinese)	71.7	N/A	N/A	N/A	0%
Others	57.2	138	155	137	33.8%
Total	954	1,027	1,213	1,117	5.4%

Top Suppliers of Non-Aqueous Paint and Varnish to China in 2022:

South Korea (24.9K tons)
Japan (19.4K tons)
Malaysia (8.6K tons)
Germany (8.2K tons)
United States (5.4K tons)
Singapore (4.6K tons)
United Kingdom (2.9K tons)
France (1.5K tons)

Exports of Non-Aqueous Paint and Varnish in China

In 2022, approx. 155K tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported from China; surging by 5.5% against 2021 figures. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-aqueous paint and varnish exports surged to $630M in 2022. The total export value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Non-Aqueous Paint and Varnish in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	34.0	53.7	66.7	73.8	29.5%
Panama	48.8	46.7	46.2	55.8	4.6%
Liberia	22.8	21.6	28.4	35.5	15.9%
Russia	22.5	18.0	18.4	30.3	10.4%
Singapore	21.2	13.4	15.8	27.5	9.1%
Marshall Islands	17.4	25.3	24.1	27.5	16.5%
Japan	26.5	26.5	25.1	24.1	-3.1%
Indonesia	12.4	10.0	14.8	22.0	21.1%
India	15.7	16.2	17.2	21.5	11.0%
Malaysia	7.5	8.3	11.5	16.4	29.8%
Mexico	7.9	6.4	7.9	13.5	19.6%
Bangladesh	8.9	8.1	12.4	11.8	9.9%
Pakistan	4.9	7.6	10.5	9.2	23.4%
Others	248	239	236	262	1.8%
Total	499	501	535	630	8.1%

Top Export Markets for Non-Aqueous Paint and Varnish from China in 2022:

Vietnam (16.7K tons)
Panama (13.0K tons)
Liberia (7.9K tons)
India (6.3K tons)
Marshall Islands (6.2K tons)
Russia (6.2K tons)
Singapore (5.7K tons)
Indonesia (5.0K tons)
Pakistan (4.9K tons)
Bangladesh (4.5K tons)
Malaysia (4.0K tons)
Mexico (3.4K tons)
Japan (3.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for non-aqueous paint and varnish in China. 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 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.

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023