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

Contents:

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

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

In November 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $5,902 per ton, picking up by 4.1% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 23% month-to-month. As a result, import price reached the peak level of $7,748 per ton. From February 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($11,063 per ton), while the price for India ($4,080 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), 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 Turkey (FOB) - 2023

The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $3,746 per ton in November 2023, with a decrease of -4.1% against the previous month. In general, the export price continues to indicate a slight descent. The pace of growth was the most pronounced in January 2023 when the average export price increased by 15% against the previous month. The export price peaked at $5,298 per ton in February 2023; however, from March 2023 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Hungary ($5,802 per ton), while the average price for exports to Turkmenistan ($1,928 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+10.8%), 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 Turkey

Imports of paints and varnishes, based on polyesters, non-aqueous medium into Turkey totaled 7.8K tons in 2022, growing by 3.2% compared with the year before. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 17%. As a result, imports reached the peak of 7.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium surged to $48M in 2022. The total import value increased at an average annual rate of +12.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (2441.8 tons)
2. Germany (1997.8 tons)
3. France (694.6 tons)
4. United Kingdom (328.9 tons)
5. Poland (323.6 tons)
6. Croatia (322.8 tons)
7. Brazil (301.4 tons)
8. Finland (286.9 tons)
9. United Arab Emirates (228.0 tons)
10. Spain (195.8 tons)
11. Switzerland (191.6 tons)
12. Austria (137.3 tons)
13. Greece (30.2 tons)

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

For the fourth consecutive year, Turkey recorded growth in shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium, which increased by 14% to 7.9K tons in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 24%. 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 $29M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 26%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

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

1. Russia (1411.8 tons)
2. Romania (875.0 tons)
3. Georgia (799.9 tons)
4. Uzbekistan (581.6 tons)
5. Iraq (399.3 tons)
6. Poland (364.7 tons)
7. Azerbaijan (353.6 tons)
8. Turkmenistan (322.3 tons)
9. Kyrgyzstan (280.7 tons)
10. Hungary (257.1 tons)
11. Bulgaria (232.0 tons)
12. Iran (210.0 tons)
13. Kazakhstan (206.5 tons)

Source: IndexBox Market Intelligence Platform