Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Qatar - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Qatar (CIF) - 2023
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Qatar
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Qatar (CIF) - 2023
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $2,825 per ton in October 2023, dropping by -1.7% against the previous month. Over the period under review, the import price showed a mild slump. The pace of growth appeared the most rapid in March 2023 an increase of 73% against the previous month. As a result, import price reached the peak level of $4,383 per ton. From April 2023 to October 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Oman ($2,852 per ton), while the price for the United Arab Emirates amounted to $2,440 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced a decline.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Qatar
In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium imported into Qatar soared to 5.7K tons, growing by 41% against the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium surged to $16M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 3.1 | 3.0 | 4.1 | 9.1 | 43.2% |
| India | 8.2 | 5.5 | 4.8 | 6.0 | -9.9% |
| Italy | 0.7 | 0.4 | 0.5 | 0.5 | -10.6% |
| China | 0.2 | 0.3 | 0.2 | 0.1 | -20.6% |
| Others | 1.4 | 1.2 | 0.7 | 0.7 | -20.6% |
| Total | 13.5 | 10.4 | 10.3 | 16.4 | 6.7% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Qatar in 2022:
- Oman (3.5K tons)
- India (1.5K tons)
- Italy (0.4K tons)
- China (0.1K tons)
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