Malaysia - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Oil and Water Paints and Varnishes in Malaysia - 2023
Contents:
- Price for Oil and Water Paints and Varnishes in Malaysia (CIF) - 2022
- Price for Oil and Water Paints and Varnishes in Malaysia (FOB) - 2023
- Imports of Oil and Water Paints and Varnishes in Malaysia
- Exports of Oil and Water Paints and Varnishes in Malaysia
Price for Oil and Water Paints and Varnishes in Malaysia (CIF) - 2022
The average import price for oil and water paints and varnishes stood at $4,132 per ton in 2022, declining by -15.4% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 an increase of 30%. The import price peaked at $6,260 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($11,200 per ton), while the price for China ($2,256 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil and Water Paints and Varnishes in Malaysia (FOB) - 2023
The average export price for oil and water paints and varnishes stood at $6,692 per ton in October 2023, rising by 8.8% against the previous month. Overall, the export price showed pronounced growth. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 34% m-o-m. Over the period under review, the average export prices hit record highs at $7,549 per ton in July 2023; however, from August 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Pakistan ($31,923 per ton), while the average price for exports to Indonesia ($2,612 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil and Water Paints and Varnishes in Malaysia
In 2022, the amount of oil and water paints and varnishes imported into Malaysia rose sharply to 2.2K tons, increasing by 10% against 2021. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period.
In value terms, imports of oil and water paints and varnishes declined to $9.1M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of $9.7M, and then fell in the following year.
| Import of Oil and Water Paints and Varnishes in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.6 | 1.0 | 0.9 | 2.7 | 65.1% |
| Vietnam | N/A | 0.5 | 2.1 | 2.2 | 109.8% |
| Japan | 0.5 | 0.5 | 0.6 | 1.2 | 33.9% |
| Singapore | 4.6 | 4.8 | 4.2 | 0.6 | -49.3% |
| Sweden | 0.4 | 0.3 | 0.3 | 0.5 | 7.7% |
| Germany | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Taiwan (Chinese) | 1.1 | 0.9 | 0.8 | 0.2 | -43.3% |
| New Zealand | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.5 | 0.8 | 0.8 | 1.1 | -9.8% |
| Total | 8.9 | 8.7 | 9.7 | 9.1 | 0.7% |
Top Suppliers of Oil and Water Paints and Varnishes to Malaysia in 2022:
- China (1178.6 tons)
- Vietnam (464.8 tons)
- Japan (138.9 tons)
- Singapore (75.4 tons)
- Taiwan (Chinese) (64.2 tons)
- Sweden (46.8 tons)
- New Zealand (45.3 tons)
- Germany (38.4 tons)
Exports of Oil and Water Paints and Varnishes in Malaysia
In 2022, overseas shipments of oil and water paints and varnishes decreased by -9.4% to 1.3K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 20%. As a result, the exports attained the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of oil and water paints and varnishes declined to $4.7M in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, the exports reached the peak of $5.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Oil and Water Paints and Varnishes in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 978 | 1,136 | 1,030 | 1,342 | 11.1% |
| China | 21.8 | 51.0 | 350 | 790 | 230.9% |
| Vietnam | 940 | 1,477 | 971 | 695 | -9.6% |
| Singapore | 1,200 | 1,569 | 1,115 | 686 | -17.0% |
| Philippines | 408 | 358 | 188 | 282 | -11.6% |
| India | 79.0 | 83.0 | 118 | 268 | 50.3% |
| Indonesia | 148 | 128 | 181 | 159 | 2.4% |
| Japan | 80.1 | 186 | 147 | 127 | 16.6% |
| Cambodia | 78.8 | 66.1 | 652 | 111 | 12.1% |
| Myanmar | 264 | 464 | 369 | 63.9 | -37.7% |
| Brunei Darussalam | 142 | 9.5 | 35.3 | 9.0 | -60.1% |
| Others | 166 | 179 | 135 | 159 | -1.4% |
| Total | 4,507 | 5,707 | 5,290 | 4,693 | 1.4% |
Top Export Markets for Oil and Water Paints and Varnishes from Malaysia in 2022:
- Thailand (389.3 tons)
- Vietnam (179.4 tons)
- Singapore (151.8 tons)
- China (115.5 tons)
- India (111.2 tons)
- Cambodia (83.8 tons)
- Philippines (75.3 tons)
- Indonesia (50.0 tons)
- Japan (30.9 tons)
- Myanmar (30.7 tons)
- Brunei Darussalam (7.0 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes 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 20302213 - Oil paints and varnishes (including enamels and lacquers)
- Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)
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
- 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
-
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
-
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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