China: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in China

The Chinese market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in China

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from China

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were exported from China; waning by X% compared with the year before. Over the period under review, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium declined to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from China, with a X% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Hong Kong SAR exceeded the volume sent to the second major destination, Myanmar (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Vietnam (X% per year).

In value terms, the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from China were Hong Kong SAR ($X), Vietnam ($X) and Russia ($X), with a combined X% share of total exports. Thailand, Taiwan (Chinese), Cambodia, Myanmar, Malaysia, Japan, Papua New Guinea, South Korea, Ghana and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Myanmar ($X 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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into China

Imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium into China contracted to X tons in 2022, which is down by X% against 2021 figures. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to China, with a X% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

In value terms, the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to China were Germany ($X), the United States ($X) and Italy ($X), with a combined X% share of total imports. Finland, Japan, South Korea and Singapore lagged somewhat behind, together accounting for a further X%.

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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