Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand (CIF) - 2023
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand (FOB) - 2023
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand (CIF) - 2023
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $5,206 per ton in November 2023, with a decrease of -20.7% against the previous month. Over the period under review, the import price recorded a noticeable setback. The pace of growth was the most pronounced in January 2023 when the average import price increased by 14% month-to-month. The import price peaked at $6,622 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,981 per ton), while the price for China ($2,814 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+16.3%), 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 Thailand (FOB) - 2023
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $4,337 per ton in November 2023, rising by 15% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 47% against the previous month. The export price peaked at $5,660 per ton in August 2023; however, from September 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Indonesia ($5,895 per ton), while the average price for exports to Myanmar ($2,333 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+5.4%), 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 Thailand
In 2022, supplies from abroad of paints and varnishes, based on polyesters, non-aqueous medium decreased by -19.3% to 4.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 5.8K tons, and then declined notably in the following year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium reduced markedly to $32M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 20%. As a result, imports attained the peak of $38M, and then dropped significantly in the following year.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.5 | 14.2 | 18.1 | 11.2 | -3.6% |
| Malaysia | 3.4 | 2.5 | 3.8 | 4.6 | 10.6% |
| Spain | 1.6 | 1.4 | 3.2 | 3.9 | 34.6% |
| Singapore | 1.0 | 1.8 | 2.4 | 2.9 | 42.6% |
| Indonesia | 1.5 | 1.6 | 1.6 | 2.5 | 18.6% |
| South Korea | 1.5 | 2.0 | 2.3 | 1.8 | 6.3% |
| China | 1.2 | 2.0 | 1.6 | 1.3 | 2.7% |
| Italy | 1.9 | 1.9 | 0.5 | 0.4 | -40.5% |
| France | 1.8 | 1.6 | 2.3 | 0.3 | -45.0% |
| Others | 3.2 | 2.8 | 2.4 | 3.0 | -2.1% |
| Total | 29.6 | 31.8 | 38.2 | 31.9 | 2.5% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Thailand in 2022:
- Japan (932.7 tons)
- Indonesia (696.5 tons)
- Malaysia (671.6 tons)
- Spain (564.0 tons)
- South Korea (427.7 tons)
- Singapore (381.5 tons)
- China (377.3 tons)
- France (66.6 tons)
- Italy (38.4 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand
In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium decreased by -8.8% to 2.9K tons, falling for the second year in a row after two years of growth. In general, exports showed a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 0.9% against the previous year. As a result, the exports attained the peak of 3.4K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium stood at $12M in 2022. Overall, exports saw a noticeable contraction.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.1 | 3.8 | 3.6 | 4.1 | -7.0% |
| Philippines | 2.1 | 2.3 | 2.1 | 2.4 | 4.6% |
| Indonesia | 1.7 | 1.8 | 2.4 | 1.8 | 1.9% |
| Singapore | 0.1 | 1.0 | 0.5 | 1.5 | 146.6% |
| Vietnam | 0.7 | 0.8 | 1.2 | 0.9 | 8.7% |
| Myanmar | 1.3 | 0.8 | 0.6 | 0.5 | -27.3% |
| Lao People's Democratic Republic | 0.2 | 0.5 | 0.6 | 0.2 | 0.0% |
| United Arab Emirates | 1.1 | N/A | 0.1 | N/A | -69.8% |
| Others | 1.3 | 0.6 | 0.7 | 0.9 | -11.5% |
| Total | 13.6 | 11.6 | 11.9 | 12.4 | -3.0% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Thailand in 2022:
- Malaysia (1118.0 tons)
- Indonesia (431.3 tons)
- Myanmar (289.1 tons)
- Philippines (286.6 tons)
- Vietnam (271.8 tons)
- Singapore (260.2 tons)
- Lao People's Democratic Republic (92.2 tons)
- United Arab Emirates (0.6 tons)
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