Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China (FOB) - 2023
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China (CIF) - 2023
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China (FOB) - 2023
In December 2023, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $4,370 per ton, with an increase of 33% against the previous month. Overall, export price indicated a mild increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for paints and varnishes, based on polyesters, non-aqueous medium decreased by -28.5% against October 2023 indices. The growth pace was the most rapid in October 2023 an increase of 65% m-o-m. As a result, the export price attained the peak level of $6,113 per ton. From November 2023 to December 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 December 2023, the country with the highest price was Russia ($6,334 per ton), while the average price for exports to Marshall Islands ($2,064 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China (CIF) - 2023
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $11,962 per ton in December 2023, growing by 3.2% against the previous month. Overall, import price indicated a pronounced expansion from December 2022 to December 2023: its price increased at an average monthly rate of +3.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for paints and varnishes, based on polyesters, non-aqueous medium decreased by -20.8% against October 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 65% against the previous month. As a result, import price attained the peak level of $17,342 per ton. From March 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($102K per ton), while the price for France ($2,772 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China
In 2022, exports of paints and varnishes, based on polyesters, non-aqueous medium from China dropped rapidly to 23K tons, falling by -30% compared with the previous year's figure. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of 32K tons, and then contracted dramatically in the following year.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium declined sharply to $95M in 2022. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports attained the peak of $123M, and then declined significantly in the following year.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 20.3 | 15.2 | 16.7 | 15.3 | -9.0% |
| Hong Kong SAR | 9.5 | 9.8 | 9.9 | 8.1 | -5.2% |
| Marshall Islands | 5.8 | 7.5 | 12.9 | 8.0 | 11.3% |
| Liberia | 8.3 | 7.7 | 14.6 | 7.7 | -2.5% |
| Russia | 13.0 | 9.4 | 9.0 | 5.0 | -27.3% |
| Taiwan (Chinese) | 4.0 | 5.7 | 5.5 | 4.9 | 7.0% |
| Singapore | 6.2 | 3.2 | 6.4 | 4.9 | -7.5% |
| Malaysia | 2.1 | 2.2 | 4.1 | 4.9 | 32.6% |
| Vietnam | 1.6 | 3.1 | 3.1 | 3.7 | 32.2% |
| South Korea | 3.3 | 3.0 | 3.1 | 3.5 | 2.0% |
| Malta | 2.2 | 3.6 | 3.3 | 2.8 | 8.4% |
| Pakistan | 1.0 | 1.6 | 2.0 | 2.1 | 28.1% |
| Mongolia | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Others | 27.3 | 29.0 | 32.2 | 23.9 | -4.3% |
| Total | 105 | 101 | 123 | 95.2 | -3.2% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from China in 2022:
- Panama (3.0K tons)
- Marshall Islands (1.8K tons)
- Liberia (1.6K tons)
- Hong Kong SAR (1.6K tons)
- Russia (1.4K tons)
- Mongolia (1.3K tons)
- Taiwan (Chinese) (1.1K tons)
- Malaysia (1.0K tons)
- Pakistan (0.9K tons)
- Singapore (0.9K tons)
- Vietnam (0.8K tons)
- South Korea (0.8K tons)
- Malta (0.6K tons)
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China
Imports of paints and varnishes, based on polyesters, non-aqueous medium into China dropped rapidly to 8.3K tons in 2022, with a decrease of -47.5% on 2021 figures. In general, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 7.5% against the previous year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium declined sharply to $59M in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 5.2%. As a result, imports reached the peak of $98M, and then fell dramatically in the following year.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.0 | 16.8 | 19.0 | 14.8 | 10.4% |
| Germany | 12.5 | 9.5 | 13.5 | 8.9 | -10.7% |
| Japan | 19.2 | 24.7 | 18.5 | 7.8 | -25.9% |
| United Kingdom | 4.4 | 5.0 | 7.1 | 7.2 | 17.8% |
| South Korea | 26.0 | 18.9 | 18.6 | 5.7 | -39.7% |
| United States | 4.6 | 3.6 | 5.6 | 4.9 | 2.1% |
| Taiwan (Chinese) | 7.7 | 6.4 | 7.5 | 3.8 | -21.0% |
| France | 4.1 | 2.8 | 2.8 | 2.8 | -11.9% |
| Vietnam | 3.2 | 1.9 | 1.0 | 0.5 | -46.1% |
| Others | 4.3 | 3.4 | 4.3 | 3.0 | -11.3% |
| Total | 96.9 | 92.9 | 97.7 | 59.4 | -15.1% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to China in 2022:
- Malaysia (2774.3 tons)
- Germany (1282.4 tons)
- Taiwan (Chinese) (924.5 tons)
- South Korea (792.0 tons)
- Japan (685.9 tons)
- United Kingdom (501.1 tons)
- France (395.9 tons)
- United States (388.7 tons)
- Vietnam (136.8 tons)
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