Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada - 2023

Contents:

1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada (CIF) - 2023
2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada (FOB) - 2023
3. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada
4. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada (CIF) - 2023

In October 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $7,548 per ton, surging by 13% against the previous month. Over the period from December 2022 to October 2023, it increased at an average monthly rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($7,511 per ton), while the price for France totaled $6,817 per ton.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+3.1%).

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada (FOB) - 2023

The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $6,650 per ton in October 2023, with a decrease of -19.9% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 13% against the previous month. Over the period under review, the average export prices hit record highs at $8,300 per ton in September 2023, and then shrank markedly in the following month.

As there is only one major export destination, the average price level is determined by prices for the United States.

From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +0.8% per month.

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada

In 2022, imports of paints and varnishes, based on polyesters, non-aqueous medium into Canada reduced modestly to 22K tons, therefore, remained relatively stable against 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 2.4% against the previous year. As a result, imports attained the peak of 22K tons, and then dropped in the following year.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium rose sharply to $152M in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Canada in 2022:

1. United States (21.3K tons)
2. France (0.5K tons)

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Canada

In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium exported from Canada stood at 15K tons, approximately mirroring the previous year. In general, exports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of 2.6% against the previous year.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium skyrocketed to $105M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Canada in 2022:

1. United States (15.3K tons)

Source: IndexBox Market Intelligence Platform