Thailand - 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 Thailand - 2023
Contents:
- Price for Oil and Water Paints and Varnishes in Thailand (CIF) - 2023
- Price for Oil and Water Paints and Varnishes in Thailand (FOB) - 2023
- Imports of Oil and Water Paints and Varnishes in Thailand
- Exports of Oil and Water Paints and Varnishes in Thailand
Price for Oil and Water Paints and Varnishes in Thailand (CIF) - 2023
The average import price for oil and water paints and varnishes stood at $5,556 per ton in November 2023, waning by -17% against the previous month. Over the period under review, the import price showed a mild descent. The pace of growth was the most pronounced in April 2023 when the average import price increased by 29% m-o-m. As a result, import price attained the peak level of $8,709 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($12,686 per ton), while the price for India ($1,794 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Argentina (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oil and Water Paints and Varnishes in Thailand (FOB) - 2023
The average export price for oil and water paints and varnishes stood at $4,186 per ton in November 2023, increasing by 3.8% against the previous month. In general, the export price, however, showed a slight setback. The most prominent rate of growth was recorded in April 2023 an increase of 42% m-o-m. Over the period under review, the average export prices reached the maximum at $5,023 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($4,658 per ton), while the average price for exports to Lao People's Democratic Republic ($2,649 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil and Water Paints and Varnishes in Thailand
Imports of oil and water paints and varnishes into Thailand amounted to 4.1K tons in 2022, increasing by 1.9% on the previous year. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of oil and water paints and varnishes reached $32M in 2022. The total import value increased at an average annual rate of +11.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Oil and Water Paints and Varnishes in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 4.5 | 8.5 | 9.4 | 57.6% |
| Japan | 8.5 | 7.1 | 7.9 | 6.6 | -8.1% |
| Taiwan (Chinese) | 3.8 | 4.1 | 3.2 | 3.9 | 0.9% |
| Vietnam | 0.5 | 1.1 | 0.2 | 3.4 | 89.5% |
| Malaysia | 0.9 | 0.9 | 1.1 | 1.4 | 15.9% |
| Italy | 1.3 | 1.1 | 1.2 | 1.3 | 0.0% |
| Germany | 1.0 | 0.5 | 1.1 | 0.8 | -7.2% |
| South Korea | 0.7 | 0.6 | 0.7 | 0.5 | -10.6% |
| India | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Argentina | 0.3 | 0.6 | 0.7 | 0.2 | -12.6% |
| Others | 3.5 | 3.0 | 4.0 | 4.0 | 4.6% |
| Total | 23.1 | 23.8 | 29.1 | 31.8 | 11.2% |
Top Suppliers of Oil and Water Paints and Varnishes to Thailand in 2022:
- China (1142.8 tons)
- Vietnam (809.0 tons)
- Taiwan (Chinese) (544.2 tons)
- Japan (365.2 tons)
- Malaysia (247.1 tons)
- Italy (215.4 tons)
- India (163.3 tons)
- Argentina (65.8 tons)
- Germany (61.5 tons)
- South Korea (54.2 tons)
Exports of Oil and Water Paints and Varnishes in Thailand
In 2022, overseas shipments of oil and water paints and varnishes were finally on the rise to reach 975 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt curtailment.
In value terms, exports of oil and water paints and varnishes dropped modestly to $3.9M in 2022. Over the period under review, exports, however, continue to indicate a deep contraction.
| Export of Oil and Water Paints and Varnishes in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 652 | 484 | 532 | 806 | 7.3% |
| Vietnam | 630 | 646 | 560 | 692 | 3.2% |
| Indonesia | 365 | 408 | 444 | 426 | 5.3% |
| Cambodia | 429 | 405 | 509 | 393 | -2.9% |
| Oman | N/A | 365 | 156 | 355 | -1.4% |
| Lao People's Democratic Republic | 1,119 | 465 | 537 | 266 | -38.1% |
| Malaysia | 169 | 157 | 138 | 153 | -3.3% |
| Saudi Arabia | 133 | 131 | 92.2 | 110 | -6.1% |
| Hong Kong SAR | 52.6 | 169 | 71.0 | 100 | 23.9% |
| China | 174 | 144 | 137 | 86.8 | -20.7% |
| United Arab Emirates | 148 | 250 | 396 | 37.4 | -36.8% |
| Mayotte | N/A | N/A | 5.0 | 8.7 | 74.0% |
| Comoros | 11.2 | 5.9 | 0.1 | 7.2 | -13.7% |
| Others | 720 | 392 | 373 | 505 | -11.2% |
| Total | 4,604 | 4,022 | 3,950 | 3,947 | -5.0% |
Top Export Markets for Oil and Water Paints and Varnishes from Thailand in 2022:
- Myanmar (238.5 tons)
- Cambodia (146.1 tons)
- Vietnam (140.8 tons)
- Oman (74.8 tons)
- Indonesia (74.0 tons)
- Lao People's Democratic Republic (70.9 tons)
- China (32.6 tons)
- Saudi Arabia (28.2 tons)
- Hong Kong SAR (23.8 tons)
- Mayotte (22.8 tons)
- Comoros (18.9 tons)
- Malaysia (17.1 tons)
- United Arab Emirates (11.0 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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