Philippines - Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Non-Aqueous Paint and Varnish in the Philippines - 2023
Contents:
- Price for Non-Aqueous Paint and Varnish in the Philippines (CIF) - 2023
- Price for Non-Aqueous Paint and Varnish in the Philippines (FOB) - 2022
- Imports of Non-Aqueous Paint and Varnish in the Philippines
- Exports of Non-Aqueous Paint and Varnish in the Philippines
Price for Non-Aqueous Paint and Varnish in the Philippines (CIF) - 2023
In June 2023, the average non-aqueous paint and varnish import price amounted to $4,172 per ton, with a decrease of -9.4% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 an increase of 23% m-o-m. Over the period under review, average import prices reached the peak figure at $5,052 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($15,465 per ton), while the price for China ($1,077 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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Aqueous Paint and Varnish in the Philippines (FOB) - 2022
The average non-aqueous paint and varnish export price stood at $2,584 per ton in 2022, dropping by -24.8% against the previous year. In general, the export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 26%. Over the period under review, the average export prices reached the maximum at $3,758 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($8,712 per ton), while the average price for exports to Japan ($1,895 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 Indonesia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Aqueous Paint and Varnish in the Philippines
In 2022, approx. 22K tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were imported into the Philippines; dropping by -10.3% on 2021 figures. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year.
In value terms, non-aqueous paint and varnish imports declined to $71M in 2022. In general, imports saw a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year.
| Import of Non-Aqueous Paint and Varnish in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 19.1 | 18.0 | 19.4 | 17.5 | -2.9% |
| Japan | 11.6 | 7.5 | 7.3 | 7.6 | -13.1% |
| Malaysia | 5.0 | 2.7 | 5.7 | 6.9 | 11.3% |
| Singapore | 11.5 | 6.5 | 7.6 | 6.1 | -19.1% |
| China | 6.4 | 5.2 | 7.9 | 5.4 | -5.5% |
| Indonesia | 6.3 | 4.4 | 3.7 | 4.6 | -10.0% |
| Taiwan (Chinese) | 2.9 | 2.7 | 3.0 | 3.1 | 2.2% |
| United Arab Emirates | 0.1 | N/A | 1.1 | 1.7 | 157.1% |
| South Korea | 4.2 | 3.9 | 2.3 | 1.6 | -27.5% |
| Others | 10.1 | 7.7 | 15.9 | 16.3 | 17.3% |
| Total | 77.1 | 58.5 | 73.9 | 70.6 | -2.9% |
Top Suppliers of Non-Aqueous Paint and Varnish to the Philippines in 2022:
- Thailand (8.0K tons)
- China (3.5K tons)
- Japan (2.1K tons)
- Malaysia (1.8K tons)
- Indonesia (1.3K tons)
- United Arab Emirates (1.1K tons)
- Singapore (1.0K tons)
- South Korea (0.3K tons)
- Taiwan (Chinese) (0.2K tons)
Exports of Non-Aqueous Paint and Varnish in the Philippines
In 2022, after two years of decline, there was growth in overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume increased by 3.9% to 1.4K tons. In general, exports, however, saw a deep setback.
In value terms, non-aqueous paint and varnish exports shrank significantly to $3.7M in 2022. Overall, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, the exports attained the peak of $4.8M, and then dropped dramatically in the following year.
| Export of Non-Aqueous Paint and Varnish in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,230 | 1,564 | 3,051 | 1,997 | -3.6% |
| Vietnam | 634 | 388 | 247 | 527 | -6.0% |
| United States | 396 | 394 | 267 | 224 | -17.3% |
| Singapore | 26.9 | 315 | N/A | 175 | 86.7% |
| India | 622 | 281 | 300 | 168 | -35.4% |
| Indonesia | 158 | 196 | 349 | 163 | 1.0% |
| Madagascar | N/A | N/A | N/A | 137 | 0% |
| Micronesia | 5.0 | 53.1 | N/A | 79.7 | 151.7% |
| Palau | N/A | 81.0 | 102 | 48.7 | -22.5% |
| Others | 687 | 524 | 447 | 202 | -33.5% |
| Total | 4,758 | 3,795 | 4,764 | 3,721 | -7.9% |
Top Export Markets for Non-Aqueous Paint and Varnish from the Philippines in 2022:
- Japan (1053.7 tons)
- United States (87.0 tons)
- Vietnam (82.8 tons)
- India (38.8 tons)
- Micronesia (36.7 tons)
- Madagascar (32.5 tons)
- Singapore (30.3 tons)
- Palau (19.4 tons)
- Indonesia (18.7 tons)
This report provides an in-depth analysis of the market for non-aqueous paint and varnish 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 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:
- 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 market for non-aqueous paint and varnish in the Philippines.
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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 global market for non-aqueous paint and varnish.
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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 market for non-aqueous paint and varnish in the Philippines.
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This report provides an in-depth analysis of the global market for non-aqueous paint and varnish.
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