Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Singapore - 2022
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Singapore (FOB) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Singapore (CIF) - 2022
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Singapore
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Singapore
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Singapore (FOB) - 2022
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $6,703 per ton in 2022, surging by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The export price peaked at $6,791 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($14,318 per ton), while the average price for exports to Australia ($3,191 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.2%), 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 Singapore (CIF) - 2022
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $8,228 per ton in September 2022, with an increase of 7.9% against the previous month. Over the period under review, the import price showed a mild increase. The pace of growth appeared the most rapid in January 2022 an increase of 147% against the previous month. The import price peaked at $11,029 per ton in April 2022; however, from May 2022 to September 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($41,986 per ton), while the price for Malaysia ($3,193 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.4%), 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 Singapore
In 2022, approx. 3.4K tons of paints and varnishes, based on polyesters, non-aqueous medium were exported from Singapore; with an increase of 40% on the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium soared to $23M in 2022. In general, exports continue to indicate a significant increase. 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 Polyesters, Non-Aqueous Medium in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.3 | 4.8 | 6.2 | 8.5 | 17.1% |
| Indonesia | 0.7 | 0.3 | 0.6 | 4.2 | 81.7% |
| Thailand | 1.1 | 1.5 | 2.3 | 2.5 | 31.5% |
| New Zealand | N/A | N/A | N/A | 1.0 | 0% |
| South Korea | 1.0 | 1.2 | 1.1 | 0.8 | -7.2% |
| Australia | 0.1 | 0.2 | 0.2 | 0.6 | 81.7% |
| China | 0.3 | 0.1 | 0.4 | 0.6 | 26.0% |
| United Arab Emirates | 0.2 | 0.3 | 0.2 | 0.5 | 35.7% |
| Vietnam | 0.8 | 0.6 | 0.4 | 0.5 | -14.5% |
| Sri Lanka | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Myanmar | 0.3 | 0.5 | 0.2 | 0.4 | 10.1% |
| Saudi Arabia | N/A | N/A | N/A | 0.3 | 0% |
| Oman | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.9 | 0.5 | 0.8 | 1.9 | 28.3% |
| Total | 10.7 | 9.9 | 12.7 | 22.7 | 28.5% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Singapore in 2022:
- Malaysia (1271.2 tons)
- Indonesia (487.8 tons)
- Thailand (336.8 tons)
- Australia (202.5 tons)
- China (156.2 tons)
- United Arab Emirates (135.3 tons)
- South Korea (97.1 tons)
- Myanmar (93.4 tons)
- Sri Lanka (87.7 tons)
- New Zealand (69.2 tons)
- Oman (62.0 tons)
- Saudi Arabia (60.2 tons)
- Vietnam (53.1 tons)
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Singapore
In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium imported into Singapore skyrocketed to 3.1K tons, rising by 50% on the year before. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% 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 +76.5% 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 soared to $18M in 2022. Overall, imports saw a significant increase. 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.7 | 3.2 | 3.5 | 3.6 | -0.9% |
| United States | 1.1 | 0.7 | 1.3 | 3.2 | 42.8% |
| Malaysia | 1.5 | 1.0 | 1.4 | 3.0 | 26.0% |
| Netherlands | 0.2 | 0.1 | 0.2 | 1.2 | 81.7% |
| United Kingdom | 0.8 | 0.4 | 0.5 | 1.2 | 14.5% |
| South Korea | N/A | N/A | N/A | 1.2 | 0% |
| Germany | 0.6 | 0.8 | 1.0 | 0.8 | 10.1% |
| China | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Others | 0.9 | 0.8 | 0.8 | 3.5 | 57.3% |
| Total | 8.8 | 7.2 | 8.7 | 18.2 | 27.4% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Singapore in 2022:
- Thailand (1007.5 tons)
- Malaysia (1001.0 tons)
- South Korea (323.3 tons)
- United States (264.3 tons)
- China (139.6 tons)
- Netherlands (84.7 tons)
- United Kingdom (59.3 tons)
- Germany (33.0 tons)
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