Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka - 2022
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka (CIF) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka (CIF) - 2022
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,472 per ton in 2022, reducing by -7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 28% against the previous year. As a result, import price attained the peak level of $6,694 per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 Japan ($17,946 per ton), while the price for Thailand ($3,606 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), 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, Non-Aqueous Medium in Sri Lanka (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,944 per ton in 2022, with an increase of 29% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $6,374 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Maldives ($6,163 per ton) and Singapore ($5,810 per ton), while the average price for exports to India ($4,618 per ton) and Seychelles ($5,174 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka
In 2022, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -20.3% to 685 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of 859 tons, and then dropped remarkably in the following year.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium dropped rapidly to $3.7M in 2022. Over the period under review, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports reached the peak of $5.1M, and then declined rapidly in the following year.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,258 | 1,299 | 1,670 | 1,717 | 10.9% |
| Netherlands | 172 | 247 | 384 | 589 | 50.7% |
| India | 300 | 403 | 792 | 469 | 16.1% |
| Singapore | 880 | 246 | 616 | 351 | -26.4% |
| Thailand | 469 | 444 | 560 | 252 | -18.7% |
| Germany | 144 | 104 | 200 | 98.6 | -11.9% |
| Indonesia | 225 | 242 | 309 | 32.1 | -47.7% |
| Others | 516 | 476 | 523 | 238 | -22.7% |
| Total | 3,964 | 3,462 | 5,054 | 3,746 | -1.9% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Sri Lanka in 2022:
- Malaysia (358.9 tons)
- India (84.8 tons)
- Thailand (69.8 tons)
- Singapore (69.4 tons)
- Netherlands (68.3 tons)
- Germany (9.1 tons)
- Indonesia (3.5 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka
After two years of decline, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium increased by 16,717% to 601 tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. 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, non-aqueous medium skyrocketed to $3.6M in 2022. Overall, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 2,148 | 951 | 9.2 | 2,535 | 5.7% |
| Singapore | 532 | 575 | 1.9 | 406 | -8.6% |
| India | 32.9 | 14.3 | N/A | 183 | 77.2% |
| Seychelles | 23.2 | 24.8 | 0.2 | 67.5 | 42.8% |
| Others | 15.3 | 410 | 5.1 | 380 | 191.8% |
| Total | 2,751 | 1,975 | 16.5 | 3,572 | 9.1% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Sri Lanka in 2022:
- Maldives (411.3 tons)
- Singapore (70.0 tons)
- India (39.6 tons)
- Seychelles (13.1 tons)
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