Report Update: Apr 1, 2024

Malaysia - 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 Malaysia - 2021

Price for Non-Aqueous Paint and Varnish in Malaysia (FOB) - 2021

In December 2021, the average non-aqueous paint and varnish export price amounted to $3,718 per ton, declining by -1.8% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in February 2021 when the average export price increased by 7.5% month-to-month. Over the period under review, the average export prices attained the maximum at $3,788 per ton in November 2021, and then reduced modestly in the following month.

There were significant differences in the average prices for the major export markets. In December 2021, the country with the highest price was China ($4,547 per ton), while the average price for exports to Brunei Darussalam ($1,418 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Non-Aqueous Paint and Varnish in Malaysia (CIF) - 2021

The average non-aqueous paint and varnish import price stood at $4,406 per ton in December 2021, falling by -2.3% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2021 when the average import price increased by 23% month-to-month. As a result, import price attained the peak level of $5,096 per ton. From February 2021 to December 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($19,751 per ton), while the price for Vietnam ($2,287 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Non-Aqueous Paint and Varnish in Malaysia

In 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium exported from Malaysia shrank slightly to 72K tons, falling by -3.9% on the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 6.9%. As a result, the exports reached the peak of 75K tons, and then dropped modestly in the following year.

In value terms, non-aqueous paint and varnish exports declined to $225M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of $249M, and then contracted in the following year.

Export of Non-Aqueous Paint and Varnish in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	92.1	66.0	82.4	83.9	-3.1%
Myanmar	4.5	4.7	2.8	22.1	70.0%
Indonesia	22.3	19.7	24.9	18.2	-6.5%
Vietnam	26.6	21.6	24.7	17.6	-12.9%
China	17.6	34.2	32.0	17.6	0.0%
Thailand	20.1	19.4	26.8	17.3	-4.9%
Australia	5.4	4.9	11.0	14.3	38.4%
Philippines	9.5	8.8	13.9	8.5	-3.6%
Brunei Darussalam	4.1	2.6	2.8	2.8	-11.9%
Others	20.2	17.9	27.9	22.2	3.2%
Total	222	200	249	225	0.4%

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

Singapore (24.1K tons)
Thailand (8.5K tons)
Vietnam (8.3K tons)
Indonesia (6.6K tons)
Myanmar (5.5K tons)
China (3.6K tons)
Australia (3.3K tons)
Philippines (2.5K tons)
Brunei Darussalam (1.6K tons)

Imports of Non-Aqueous Paint and Varnish in Malaysia

Non-aqueous paint and varnish imports into Malaysia shrank to 20K tons in 2022, waning by -9.4% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of 22K tons, and then fell in the following year.

In value terms, non-aqueous paint and varnish imports contracted to $96M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 23%. As a result, imports reached the peak of $106M, and then shrank in the following year.

Import of Non-Aqueous Paint and Varnish in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Myanmar	N/A	N/A	N/A	20.3	0%
Japan	15.5	13.6	17.2	16.6	2.3%
China	10.2	9.4	13.6	9.7	-1.7%
Singapore	15.7	13.9	11.0	9.3	-16.0%
Germany	4.4	6.7	6.1	6.9	16.2%
Thailand	13.2	11.8	15.1	6.0	-23.1%
South Korea	6.0	4.4	9.7	3.6	-15.7%
Taiwan (Chinese)	3.6	2.9	4.6	3.4	-1.9%
Indonesia	5.6	4.5	5.5	3.3	-16.2%
Others	21.5	18.9	23.1	17.0	-7.5%
Total	95.6	86.3	106	96.1	0.2%

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

Myanmar (4.3K tons)
Japan (3.1K tons)
China (2.7K tons)
Thailand (1.9K tons)
Taiwan (Chinese) (1.3K tons)
Singapore (1.1K tons)
Indonesia (1.1K tons)
Germany (1.1K tons)
South Korea (1.1K tons)

Source: IndexBox Market Intelligence Platform

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

Malaysia

Data coverage:

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