Report Update: May 1, 2024

Pakistan - 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 Pakistan - 2023

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

In February 2023, the average non-aqueous paint and varnish import price amounted to $3,221 per ton, dropping by -15.8% against the previous month. In general, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in April 2022 when the average import price increased by 12% m-o-m. The import price peaked at $6,769 per ton in February 2022; however, from March 2022 to February 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Switzerland ($6,079 per ton), while the price for Luxembourg ($903 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.0%), while the prices for the other major suppliers experienced a decline.

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

The average non-aqueous paint and varnish export price stood at $1,469 per ton in 2022, jumping by 18% against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $3,272 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($2,663 per ton), while the average price for exports to Afghanistan stood at $1,409 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-5.6%).

Imports of Non-Aqueous Paint and Varnish in Pakistan

In 2022, after three years of growth, there was significant decline in purchases abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume decreased by -10% to 7.1K tons. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23%.

In value terms, non-aqueous paint and varnish imports dropped to $32M in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. As a result, imports reached the peak of $32M, leveling off in the following year.

Import of Non-Aqueous Paint and Varnish in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.8	10.3	12.9	12.1	21.2%
United Arab Emirates	3.0	3.1	4.0	3.5	5.3%
Switzerland	1.4	1.1	1.6	2.8	26.0%
Italy	2.2	2.0	2.7	2.3	1.5%
Japan	0.6	0.6	1.3	1.9	46.8%
South Korea	1.5	1.6	1.9	1.7	4.3%
Taiwan (Chinese)	1.9	2.1	1.8	1.6	-5.6%
Germany	1.3	1.4	1.0	1.1	-5.4%
Others	4.4	3.9	4.9	5.1	5.0%
Total	23.0	26.2	32.2	32.1	11.8%

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

China (2992.1 tons)
United Arab Emirates (839.9 tons)
Taiwan (Chinese) (524.5 tons)
South Korea (446.4 tons)
Switzerland (425.6 tons)
Italy (401.9 tons)
Japan (372.7 tons)
Germany (159.5 tons)

Exports of Non-Aqueous Paint and Varnish in Pakistan

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -68.3% to 1.9K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 7.4% against the previous year. As a result, the exports reached the peak of 8K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports shrank markedly to $2.8M in 2022. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 when exports increased by 8.6% against the previous year. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Non-Aqueous Paint and Varnish in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Afghanistan	11.7	12.5	6.8	2.6	-39.4%
Qatar	0.2	0.3	0.7	0.2	0.0%
Others	0.1	0.1	0.1	N/A	0.0%
Total	12.0	13.0	7.6	2.8	-38.4%

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

Afghanistan (1831.1 tons)
Qatar (90.5 tons)

Source: IndexBox Market Intelligence Platform

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

Pakistan

Data coverage:

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