Asia: 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

The Asian market for paint, distemper, varnish or similar brushes, paint pads and rollers shrank remarkably to $X in 2021, dropping by -17.2% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then plummeted in the following year.

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

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers contracted 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 relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

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

Exports in Asia

In 2021, shipments abroad of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 9.5% to X units, rising for the fifth year in a row after two years of decline. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 18%. Over the period under review, the exports of reached the maximum 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 skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from China (X units), together finishing at 97% 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.

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

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, growing by 6.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 16%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the the export prices remained at a lower figure.

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

Imports of paint, distemper, varnish or similar brushes, paint pads and rollers was estimated at X units in 2021, therefore, remained relatively stable against 2020 figures. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 16%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

South Korea (X units), Thailand (X units), Japan (X units), Bangladesh (X units), Malaysia (X units), Saudi Arabia (X units), Indonesia (X units), the United Arab Emirates (X units), Singapore (X units), Iraq (X units), India (X units) and the Philippines (X units) represented roughly 78% of total imports in 2021. Taiwan (Chinese) (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main 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 were Japan ($X), Saudi Arabia ($X) and South Korea ($X), together accounting for 35% of total imports. Indonesia, Thailand, Iraq, the United Arab Emirates, the Philippines, Malaysia, Bangladesh, Singapore, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further 40%.

Among the main importing countries, Malaysia, with a CAGR of +13.1%, saw the highest rates of growth with regard to 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 amounted to $X per unit, rising by 3.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 12%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per unit), while Bangladesh ($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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