Republic of Korea - Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea - 2022
Contents:
- Price for Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea (CIF) - 2022
- Price for Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea (FOB) - 2022
- Imports of Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea
- Exports of Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea
Price for Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea (CIF) - 2022
In 2022, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $0.8 per unit, dropping by -1.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9.2%. The import price peaked at $0.8 per unit in 2021, and then fell in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($0.8 per unit), while the price for China totaled $0.8 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%).
Price for Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea (FOB) - 2022
The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $0.8 per unit in 2022, rising by 37% against the previous year. Over the period under review, the export price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 55% against the previous year. The export price peaked at $1 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($0.8 per unit) and Vietnam ($0.8 per unit), while the average price for exports to the United Arab Emirates ($0.8 per unit) and China ($0.8 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.0%), while the prices for the other major destinations experienced a decline.
Imports of Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea
After three years of growth, overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -7% to 21M units in 2022. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of 22M units, and then dropped in the following year.
In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers contracted to $16M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $17M, and then shrank in the following year.
| Import of Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.7 | 13.9 | 16.4 | 15.1 | 5.9% |
| Others | 0.5 | 0.4 | 0.6 | 0.5 | 0.0% |
| Total | 13.2 | 14.2 | 17.0 | 15.5 | 5.5% |
Top Suppliers of Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller to South Korea in 2022:
- China (19.9M units)
Exports of Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea
In 2022, exports of paint, distemper, varnish or similar brushes, paint pads and rollers from South Korea shrank to 640K units, falling by -13.4% against 2021 figures. Overall, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 92% against the previous year. As a result, the exports attained the peak of 740K units, and then dropped in the following year.
In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $495K in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 198 | 163 | 200 | 157 | -7.4% |
| Mongolia | N/A | 25.1 | 79.5 | 100 | 99.6% |
| China | 22.0 | 25.9 | 64.1 | 55.7 | 36.3% |
| Vietnam | 41.7 | 37.9 | 26.8 | 51.7 | 7.4% |
| Indonesia | 9.9 | 3.0 | 10.8 | 36.5 | 54.5% |
| Russia | 1.9 | 0.5 | 0.5 | 20.0 | 119.2% |
| United States | 1.8 | 1.9 | 6.3 | 12.3 | 89.8% |
| United Arab Emirates | 42.6 | 45.3 | 0.7 | 2.5 | -61.1% |
| Iraq | 74.0 | 2.7 | N/A | N/A | -96.4% |
| Others | 57.3 | 17.6 | 29.0 | 59.2 | 1.1% |
| Total | 449 | 323 | 418 | 495 | 3.3% |
Top Export Markets for Paint, Distemper, Varnish or Similar Brush, Paint Pad and Roller from South Korea in 2022:
- Japan (202.9K units)
- Mongolia (129.9K units)
- China (72.1K units)
- Vietnam (66.9K units)
- Indonesia (47.2K units)
- Russia (25.9K units)
- United States (15.9K units)
- United Arab Emirates (3.2K units)
This report provides an in-depth analysis of the market for paint, distemper, varnish or similar brush, paint pad and roller in Republic of Korea. 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 32911930 - Paint brushes, distempering brushes, paper-hanging brushes and varnishing brushes
- Prodcom 32911950 - Paint pads and rollers
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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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