Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan (FOB) - 2023
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan (CIF) - 2023
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan (FOB) - 2023
In November 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $9,297 per ton, with a decrease of -2% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 25% month-to-month. As a result, the export price attained the peak level of $10,585 per ton. From February 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the United States ($26,301 per ton), while the average price for exports to Hong Kong SAR ($3,177 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 the United States (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan (CIF) - 2023
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $6,590 per ton in November 2023, waning by -15.2% against the previous month. In general, import price indicated a temperate increase from November 2022 to November 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium increased by +12.9% against September 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 49% month-to-month. Over the period under review, average import prices attained the maximum at $10,662 per ton in April 2023; however, from May 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($16,582 per ton), while the price for Indonesia ($3,397 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 France (+11.9%), 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, Non-Aqueous Medium in Japan
After three years of growth, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -13.3% to 62K tons in 2022. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports reached the peak of 72K tons, and then fell in the following year.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium fell rapidly to $558M in 2022. In general, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, the exports attained the peak of $675M, and then contracted dramatically in the following year.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 143 | 152 | 176 | 170 | 5.9% |
| South Korea | 162 | 177 | 186 | 143 | -4.1% |
| Taiwan (Chinese) | 128 | 131 | 141 | 99.5 | -8.1% |
| United States | 43.4 | 45.3 | 44.5 | 37.8 | -4.5% |
| Thailand | 24.1 | 22.1 | 27.9 | 12.2 | -20.3% |
| India | 4.5 | 3.8 | 6.5 | 10.5 | 32.6% |
| Vietnam | 9.2 | 9.9 | 12.3 | 10.4 | 4.2% |
| Malaysia | 9.6 | 9.2 | 11.2 | 8.2 | -5.1% |
| Hong Kong SAR | 6.5 | 4.5 | 5.0 | 6.0 | -2.6% |
| Others | 59.0 | 57.1 | 64.3 | 60.4 | 0.8% |
| Total | 589 | 612 | 675 | 558 | -1.8% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Japan in 2022:
- China (25.3K tons)
- South Korea (12.9K tons)
- Taiwan (Chinese) (10.7K tons)
- United States (1.6K tons)
- Malaysia (1.6K tons)
- India (1.5K tons)
- Thailand (1.3K tons)
- Hong Kong SAR (1.3K tons)
- Vietnam (1.2K tons)
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan
In 2022, approx. 6.9K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were imported into Japan; declining by -6.6% on 2021. Over the period under review, imports saw a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, imports reached the peak of 7.4K tons, and then declined in the following year.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium fell to $50M in 2022. Overall, imports saw a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $57M, and then fell in the following year.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 10.1 | 11.3 | 10.8 | -3.5% |
| Germany | 9.4 | 9.1 | 11.3 | 8.8 | -2.2% |
| United States | 7.5 | 8.4 | 9.6 | 8.0 | 2.2% |
| South Korea | 9.6 | 8.7 | 9.3 | 6.1 | -14.0% |
| Taiwan (Chinese) | 4.8 | 5.1 | 5.5 | 5.8 | 6.5% |
| Belgium | 3.8 | 2.2 | 4.6 | 4.1 | 2.6% |
| India | 0.2 | 0.6 | 0.9 | 1.0 | 71.0% |
| Australia | 1.1 | 0.4 | 0.8 | 0.5 | -23.1% |
| Others | 4.1 | 3.7 | 3.7 | 4.5 | 3.2% |
| Total | 52.5 | 48.2 | 57.1 | 49.6 | -1.9% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Japan in 2022:
- China (2552.4 tons)
- Taiwan (Chinese) (1467.7 tons)
- Belgium (639.7 tons)
- South Korea (545.7 tons)
- United States (456.3 tons)
- Germany (390.9 tons)
- India (184.8 tons)
- Australia (90.1 tons)
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