Asia-Pacific: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Asia-Pacific

The Asia-Pacific market for paint, distemper, varnish or similar brushes, paint pads and rollers shrank remarkably to $X in 2021, reducing by -19.1% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then contracted sharply in the following year.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Asia-Pacific

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 12%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports in Asia-Pacific

In 2021, shipments abroad of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 9.3% to X units, rising for the fifth consecutive year after two years of decline. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.1% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) was the largest exporter of paint, distemper, varnish or similar brushes, paint pads and rollers in Asia-Pacific, mixing up 98% of total export.

China was also the fastest-growing in terms of the paint, distemper, varnish or similar brushes, paint pads and rollers exports, with a CAGR of +5.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest paint, distemper, varnish or similar brush, paint pad and roller supplier in Asia-Pacific.

In China, exports of paint, distemper, varnish or similar brushes, paint pads and rollers expanded at an average annual rate of +4.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, increasing by 6.7% against the previous year. Over the period under review, the export price, however, saw a mild slump. The growth pace was the most rapid in 2016 when the export price increased by 16%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.9% per year.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports in Asia-Pacific

Imports of paint, distemper, varnish or similar brushes, paint pads and rollers shrank to X units in 2021, dropping by -3.3% on 2020 figures. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports reached the peak of X units, and then shrank slightly in the following year.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers declined modestly to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 17%. The level of import peaked at $X in 2020, and then dropped modestly in the following year.

Imports by Country

The purchases of the eleven major importers of paint, distemper, varnish or similar brushes, paint pads and rollers, namely South Korea, Thailand, Japan, Bangladesh, Australia, Malaysia, Indonesia, Singapore, India, the Philippines and Taiwan (Chinese), represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +21.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paint, distemper, varnish or similar brush, paint pad and roller importing markets in Asia-Pacific were Japan ($X), Australia ($X) and South Korea ($X), together comprising 49% of total imports. These countries were followed by Indonesia, Thailand, the Philippines, Malaysia, Bangladesh, Singapore, Taiwan (Chinese) and India, which together accounted for a further 38%.

Among the main importing countries, Malaysia, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, growing by 3.3% against the previous year. Over the period under review, the import price recorded mild growth. The most prominent rate of growth was recorded in 2016 when the import price increased by 11%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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