Singapore - 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 Singapore - 2022
Contents:
- Price for Oil and Water Paints and Varnishes in Singapore (CIF) - 2022
- Price for Oil and Water Paints and Varnishes in Singapore (FOB) - 2022
- Imports of Oil and Water Paints and Varnishes in Singapore
- Exports of Oil and Water Paints and Varnishes in Singapore
Price for Oil and Water Paints and Varnishes in Singapore (CIF) - 2022
In September 2022, the average import price for oil and water paints and varnishes amounted to $9,147 per ton, increasing by 30% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +5.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,341 per ton), while the price for Italy ($6,141 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Oil and Water Paints and Varnishes in Singapore (FOB) - 2022
The average export price for oil and water paints and varnishes stood at $12,900 per ton in September 2022, surging by 81% against the previous month. Over the period under review, the export price posted a tangible expansion. The pace of growth appeared the most rapid in August 2022 an increase of 737% m-o-m. Over the period under review, the average export prices hit record highs in September 2022.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was China ($66,451 per ton), while the average price for exports to Hong Kong SAR ($3,011 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil and Water Paints and Varnishes in Singapore
In 2022, imports of oil and water paints and varnishes into Singapore stood at 4.8K tons, picking up by 3.7% compared with the previous year. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 103%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of oil and water paints and varnishes rose slightly to $24M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Oil and Water Paints and Varnishes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.1 | 3.1 | 12.4 | 18.6 | 470.8% |
| United States | 1.7 | 1.7 | 2.4 | 1.2 | -11.0% |
| Japan | 1.2 | 0.9 | 3.2 | 0.8 | -12.6% |
| Germany | 0.8 | 0.3 | 0.6 | 0.7 | -4.4% |
| Italy | 0.6 | 0.5 | 0.8 | 0.6 | 0.0% |
| Malaysia | 2.3 | 1.4 | 1.3 | 0.5 | -39.9% |
| Switzerland | 2.9 | 1.1 | 0.3 | 0.4 | -48.3% |
| Netherlands | 0.6 | 0.2 | 0.7 | 0.2 | -30.7% |
| United Kingdom | 0.4 | 0.6 | 0.4 | 0.1 | -37.0% |
| China | 0.4 | 0.2 | 0.5 | 0.1 | -37.0% |
| Indonesia | 0.3 | 0.3 | 0.2 | N/A | -18.4% |
| Others | 1.0 | 0.7 | 0.9 | 0.8 | -7.2% |
| Total | 12.2 | 11.1 | 23.7 | 24.2 | 25.6% |
Top Suppliers of Oil and Water Paints and Varnishes to Singapore in 2022:
- Vietnam (3986.4 tons)
- Japan (177.3 tons)
- Switzerland (138.3 tons)
- Italy (109.5 tons)
- Germany (93.6 tons)
- United States (77.9 tons)
- Malaysia (51.7 tons)
- Netherlands (43.2 tons)
- China (26.1 tons)
- United Kingdom (14.4 tons)
- Indonesia (6.8 tons)
Exports of Oil and Water Paints and Varnishes in Singapore
After three years of growth, shipments abroad of oil and water paints and varnishes decreased by -14.3% to 4.9K tons in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year.
In value terms, exports of oil and water paints and varnishes reduced notably to $15M in 2022. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, the exports attained the peak of $25M, and then reduced dramatically in the following year.
| Export of Oil and Water Paints and Varnishes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.6 | 4.9 | 4.8 | 3.6 | -7.8% |
| Philippines | 0.7 | 0.7 | 1.4 | 2.1 | 44.2% |
| Indonesia | 6.6 | 5.7 | 6.4 | 2.1 | -31.7% |
| Hong Kong SAR | 0.2 | 0.1 | 1.9 | 2.1 | 119.0% |
| China | 0.9 | 1.7 | 1.3 | 1.5 | 18.6% |
| Thailand | 0.7 | 0.5 | 0.9 | 0.9 | 8.7% |
| Vietnam | 4.1 | 1.1 | 3.2 | 0.4 | -54.0% |
| Cambodia | 1.3 | 0.8 | 0.4 | 0.1 | -57.5% |
| Sri Lanka | 1.0 | 1.2 | 1.3 | 0.1 | -53.6% |
| Togo | N/A | N/A | N/A | N/A | 0% |
| Others | 2.4 | 2.5 | 2.8 | 2.7 | 4.0% |
| Total | 22.6 | 19.2 | 24.5 | 15.5 | -11.8% |
Top Export Markets for Oil and Water Paints and Varnishes from Singapore in 2022:
- Togo (1441.9 tons)
- Hong Kong SAR (1277.4 tons)
- Malaysia (588.0 tons)
- Indonesia (501.3 tons)
- Philippines (223.7 tons)
- China (178.4 tons)
- Thailand (141.5 tons)
- Vietnam (62.1 tons)
- Cambodia (46.7 tons)
- Sri Lanka (19.0 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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