Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India (CIF) - 2023
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India (CIF) - 2023
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,330 per ton in October 2023, dropping by -29.2% against the previous month. In general, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 34% against the previous month. As a result, import price attained the peak level of $7,529 per ton, and then fell sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($34,593 per ton), while the price for Indonesia ($1,860 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+4.1%), 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, Non-Aqueous Medium in India (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,295 per ton in 2022, with an increase of 6.4% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -8.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 33%. The export price peaked at $5,790 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($7,691 per ton), while the average price for exports to the Philippines ($3,559 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 Egypt (+18.5%), 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, Non-Aqueous Medium in India
In 2022, approx. 13K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were imported into India; picking up by 9% compared with the previous year's figure. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium rose notably to $75M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +54.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 16.0 | 17.0 | 17.7 | 18.6 | 5.1% |
| Germany | 8.0 | 7.3 | 12.7 | 11.3 | 12.2% |
| Japan | 2.9 | 2.4 | 4.0 | 7.1 | 34.8% |
| China | 3.3 | 2.8 | 5.2 | 7.0 | 28.5% |
| Belgium | 6.5 | 4.2 | 4.4 | 4.8 | -9.6% |
| Italy | 1.7 | 1.7 | 2.5 | 3.5 | 27.2% |
| France | 2.0 | 1.1 | 3.0 | 3.3 | 18.2% |
| United States | 1.5 | 1.6 | 2.7 | 3.1 | 27.4% |
| Egypt | 0.3 | N/A | 0.5 | 2.7 | 108.0% |
| Netherlands | 1.6 | 1.5 | 2.2 | 2.4 | 14.5% |
| Taiwan (Chinese) | 4.5 | 2.4 | 2.4 | 2.0 | -23.7% |
| Indonesia | 0.7 | 0.6 | 1.1 | 1.9 | 39.5% |
| Thailand | 1.3 | 0.9 | 1.6 | 1.6 | 7.2% |
| Others | 6.1 | 5.1 | 7.2 | 5.8 | -1.7% |
| Total | 56.4 | 48.6 | 67.0 | 75.2 | 10.1% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to India in 2022:
- South Korea (2305.5 tons)
- China (1380.6 tons)
- Japan (1365.4 tons)
- Germany (1276.1 tons)
- France (1052.6 tons)
- Indonesia (930.7 tons)
- Belgium (689.1 tons)
- Egypt (613.2 tons)
- Taiwan (Chinese) (602.8 tons)
- Italy (556.4 tons)
- Thailand (439.0 tons)
- Netherlands (275.4 tons)
- United States (236.8 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India
In 2022, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -0.9% to 2.8K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.2% 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 +60.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. As a result, the exports reached the peak of 2.9K tons, leveling off in the following year.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium expanded significantly to $15M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.9% 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 +85.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,391 | 1,647 | 2,550 | 3,335 | 33.8% |
| Thailand | 1,804 | 3,608 | 3,928 | 2,712 | 14.6% |
| South Korea | 677 | 791 | 1,115 | 1,556 | 32.0% |
| Bangladesh | 748 | 805 | 1,055 | 1,358 | 22.0% |
| United Arab Emirates | 505 | 304 | 620 | 997 | 25.4% |
| Japan | 229 | 758 | 996 | 842 | 54.3% |
| Philippines | 252 | 327 | 360 | 687 | 39.7% |
| Kenya | 155 | 175 | 250 | 369 | 33.5% |
| Nigeria | 395 | 399 | 370 | 358 | -3.2% |
| Indonesia | 101 | 43.1 | 142 | 276 | 39.8% |
| Bhutan | 129 | 129 | 192 | 217 | 18.9% |
| New Zealand | 0.1 | N/A | N/A | 179 | 1114.2% |
| Nepal | 254 | 110 | 286 | 131 | -19.8% |
| Others | 1,457 | 1,552 | 2,409 | 2,021 | 11.5% |
| Total | 8,099 | 10,649 | 14,272 | 15,040 | 22.9% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from India in 2022:
- Thailand (680.4 tons)
- Australia (433.6 tons)
- United Arab Emirates (251.3 tons)
- South Korea (221.1 tons)
- Bangladesh (212.0 tons)
- Philippines (193.0 tons)
- Japan (151.6 tons)
- Nigeria (87.2 tons)
- Kenya (79.2 tons)
- Indonesia (63.9 tons)
- Bhutan (58.6 tons)
- New Zealand (45.7 tons)
- Nepal (41.2 tons)
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