Republic of Korea - 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 South Korea - 2022
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea (CIF) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea (CIF) - 2022
In December 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $4,749 per ton, remaining stable against the previous month. Overall, the import price showed a mild downturn. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 43% m-o-m. As a result, import price reached the peak level of $6,087 per ton. From July 2022 to December 2022, 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 the UK ($37,462 per ton), while the price for Taiwan (Chinese) ($1,498 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $2,391 per ton in December 2022, jumping by 23% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 24% month-to-month. As a result, the export price attained the peak level of $2,702 per ton. From February 2022 to December 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was the United States ($7,061 per ton), while the average price for exports to Poland ($1,628 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea
After three years of growth, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -2.9% to 8.1K tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 3.1% against the previous year. As a result, imports attained the peak of 8.3K tons, and then declined slightly in the following year.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced to $36M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports attained the peak of $39M, and then fell in the following year.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.3 | 8.9 | 10.8 | 8.8 | 2.0% |
| Japan | 5.4 | 6.5 | 7.5 | 6.6 | 6.9% |
| Germany | 3.7 | 3.4 | 4.5 | 4.5 | 6.7% |
| Netherlands | 2.2 | 3.8 | 2.9 | 3.0 | 10.9% |
| Taiwan (Chinese) | 4.1 | 3.2 | 3.1 | 2.9 | -10.9% |
| Italy | 1.3 | 1.3 | 1.7 | 2.7 | 27.6% |
| Singapore | 0.2 | 2.2 | 3.1 | 2.5 | 132.1% |
| Vietnam | 0.2 | 0.2 | 0.4 | 0.9 | 65.1% |
| China | 0.3 | 0.5 | 0.6 | 0.9 | 44.2% |
| Thailand | N/A | N/A | N/A | 0.7 | 0% |
| United Kingdom | 1.2 | 0.8 | 0.7 | 0.6 | -20.6% |
| Others | 1.6 | 1.9 | 3.2 | 2.1 | 9.5% |
| Total | 28.5 | 32.5 | 38.6 | 36.3 | 8.4% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium to South Korea in 2022:
- Taiwan (Chinese) (1940.0 tons)
- United States (1695.9 tons)
- Netherlands (633.9 tons)
- China (536.8 tons)
- Vietnam (519.9 tons)
- Italy (505.6 tons)
- Germany (481.3 tons)
- Singapore (474.1 tons)
- Thailand (456.1 tons)
- United Kingdom (249.4 tons)
- Japan (222.1 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea
In 2022, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from South Korea reduced to 14K tons, shrinking by -6.4% compared with 2021. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports reached the peak of 15K tons, and then fell in the following year.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted slightly to $32M in 2022. In general, exports showed a mild decrease. The pace of growth was the most pronounced in 2021 when exports increased by 16% against the previous year.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 11.5 | 15.1 | 16.6 | 2.5% |
| United States | 3.6 | 3.5 | 3.2 | 3.1 | -4.9% |
| Vietnam | 1.3 | 1.0 | 1.3 | 1.5 | 4.9% |
| Japan | 1.1 | 1.2 | 1.2 | 1.2 | 2.9% |
| Mongolia | 0.4 | 1.0 | 1.1 | 1.1 | 40.1% |
| Russia | 1.4 | 1.3 | 1.3 | 1.1 | -7.7% |
| Malaysia | 1.4 | 1.0 | 1.4 | 0.7 | -20.6% |
| Thailand | 0.2 | 1.0 | 1.0 | 0.7 | 51.8% |
| India | 2.0 | 0.8 | 0.6 | 0.5 | -37.0% |
| Kenya | 0.1 | 0.3 | 0.3 | 0.5 | 71.0% |
| Others | 5.9 | 5.6 | 6.1 | 4.5 | -8.6% |
| Total | 33.0 | 28.1 | 32.5 | 31.5 | -1.5% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Aqueous Medium from South Korea in 2022:
- China (8.7K tons)
- Mongolia (0.9K tons)
- Russia (0.9K tons)
- United States (0.6K tons)
- Japan (0.5K tons)
- Malaysia (0.3K tons)
- Vietnam (0.3K tons)
- Thailand (0.3K tons)
- India (0.2K tons)
- Kenya (0.2K tons)
This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium 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 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
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
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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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This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Republic of Korea.
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This report provides an in-depth analysis of the paint and varnish market in Republic of Korea.
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Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
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Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
1662
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
3016
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
