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

Contents:

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

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

In October 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $5,072 per ton, declining by -14.8% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 34% month-to-month. As a result, import price attained the peak level of $6,965 per ton. From March 2023 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($43,797 per ton), while the price for Taiwan (Chinese) ($1,874 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 the United States (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In October 2023, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $4,364 per ton, growing by 13% against the previous month. In general, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in December 2022 an increase of 37% month-to-month. As a result, the export price reached the peak level of $5,422 per ton. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Nepal ($38,565 per ton), while the average price for exports to Bangladesh ($1,325 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of paints and varnishes, based on polyesters, non-aqueous medium into India declined to 12K tons, falling by -8.7% against 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of 13K tons, and then declined in the following year.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium expanded modestly to $53M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Italy (4130.1 tons)
2. United Kingdom (1540.5 tons)
3. United Arab Emirates (1004.7 tons)
4. China (917.3 tons)
5. Poland (887.9 tons)
6. Belgium (835.4 tons)
7. United States (600.8 tons)
8. Germany (561.0 tons)
9. South Korea (194.7 tons)
10. France (139.3 tons)
11. Taiwan (Chinese) (78.8 tons)

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

In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium decreased by -19.2% to 5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a mild decline. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, the exports attained the peak of 6.2K tons, and then contracted rapidly in the following year.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium shrank to $21M in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $24M, and then shrank in the following year.

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

1. Qatar (1423.9 tons)
2. Kenya (1109.3 tons)
3. Nepal (493.1 tons)
4. Russia (357.2 tons)
5. United Arab Emirates (337.8 tons)
6. Bangladesh (257.9 tons)
7. Thailand (158.4 tons)
8. Sri Lanka (123.7 tons)
9. Iran (123.2 tons)
10. Netherlands (98.0 tons)
11. Bhutan (90.6 tons)
12. Japan (85.7 tons)

Source: IndexBox Market Intelligence Platform