Singapore - Paints And Varnishes, Based On Acrylic Or Vinyl Polymers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore - 2022
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore (FOB) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore (CIF) - 2022
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $2,283 per ton in 2022, surging by 3.6% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 17%. Over the period under review, the average export prices reached the maximum at $2,996 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($3,824 per ton), while the average price for exports to Malaysia ($1,697 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 the Philippines (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore (CIF) - 2022
In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $3,012 per ton, surging by 10% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14%. The import price peaked at $3,176 per ton in 2013; however, from 2014 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 the UK ($11,689 per ton), while the price for the Netherlands ($2,245 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore
For the fourth year in a row, Singapore recorded growth in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, which increased by 17% to 18K tons in 2022. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $41M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 23%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3.0 | 5.8 | 5.4 | 8.8 | 43.1% |
| Cambodia | 2.6 | 3.3 | 5.5 | 6.8 | 37.8% |
| Thailand | 3.1 | 2.6 | 5.5 | 5.4 | 20.3% |
| Malaysia | 2.9 | 2.3 | 1.8 | 3.5 | 6.5% |
| Indonesia | 2.6 | 2.0 | 3.5 | 2.8 | 2.5% |
| Brunei Darussalam | 3.3 | 3.1 | 3.8 | 2.8 | -5.3% |
| China | 0.8 | 1.8 | 2.0 | 2.1 | 37.9% |
| Philippines | 1.9 | 1.8 | 1.6 | 1.9 | 0.0% |
| Myanmar | 1.0 | 1.2 | 1.0 | 1.6 | 17.0% |
| Hong Kong SAR | 1.1 | 1.3 | 0.5 | 0.9 | -6.5% |
| Others | 2.8 | 2.1 | 3.0 | 4.0 | 12.6% |
| Total | 25.1 | 27.4 | 33.6 | 40.7 | 17.5% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium from Singapore in 2022:
- Vietnam (4.4K tons)
- Cambodia (3.3K tons)
- Thailand (2.3K tons)
- Malaysia (2.1K tons)
- Indonesia (1.0K tons)
- Brunei Darussalam (1.0K tons)
- China (1.0K tons)
- Myanmar (0.7K tons)
- Philippines (0.5K tons)
- Hong Kong SAR (0.5K tons)
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore
In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium into Singapore soared to 6.4K tons, jumping by 18% against 2021. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $19M in 2022. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.8 | 5.5 | 7.1 | 10.2 | 20.7% |
| United States | 1.1 | 0.6 | 0.8 | 1.4 | 8.4% |
| Thailand | 0.4 | 0.4 | 0.6 | 1.2 | 44.2% |
| Italy | 0.7 | 0.5 | 0.7 | 1.0 | 12.6% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.8 | 1.0 | 35.7% |
| Netherlands | 0.9 | 0.7 | 0.9 | 0.7 | -8.0% |
| China | 0.3 | 0.2 | 0.6 | 0.7 | 32.6% |
| Japan | 0.5 | 0.4 | 1.2 | 0.5 | 0.0% |
| Germany | 0.4 | 0.3 | 0.3 | 0.5 | 7.7% |
| France | 0.1 | N/A | 0.7 | 0.4 | 58.7% |
| Others | 1.0 | 0.7 | 1.1 | 1.7 | 19.3% |
| Total | 11.5 | 9.7 | 14.8 | 19.3 | 18.8% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium to Singapore in 2022:
- Malaysia (4299.3 tons)
- Thailand (355.3 tons)
- Netherlands (317.8 tons)
- Taiwan (Chinese) (269.1 tons)
- China (243.6 tons)
- United States (212.3 tons)
- Italy (178.1 tons)
- France (96.5 tons)
- Germany (57.3 tons)
- Japan (55.8 tons)
This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium 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 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
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
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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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