Eastern 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 Eastern Asia

In 2021, after three years of growth, there was significant decline in the East Asian market for paint, distemper, varnish or similar brushes, paint pads and rollers, when its value decreased by -28% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then dropped markedly in the following year.

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

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 12%. The level of production peaked at $X in 2020, and then declined in the following year.

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

Exports in Eastern Asia

In 2021, overseas shipments of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 9.4% to X units, rising for the fifth consecutive year after two years of decline. Total exports indicated a strong increase 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 +68.3% 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 attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. The total export value increased at an average annual rate of +4.1% 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 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 accounting for 100% 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 Eastern 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 Eastern Asia stood at $X per unit in 2021, growing by 7.3% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2016 when the export price increased by 17% against the previous year. As a result, the export price reached 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 Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers, which increased by 0.9% to X units in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.4% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, imports of reached the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers fell to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 26% against the previous year. The level of import peaked at $X in 2020, and then declined in the following year.

Imports by Country

South Korea (X units) and Japan (X units) were the major importers of paint, distemper, varnish or similar brushes, paint pads and rollers in 2021, recording approx. 46% and 37% of total imports, respectively. It was distantly followed by Taiwan (Chinese) (X units), achieving a 13% share of total imports. Hong Kong SAR (X units) and Democratic People's Republic of Korea (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Democratic People's Republic of Korea (with a CAGR of +36.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 91% of total imports. These countries were followed by Hong Kong SAR and Democratic People's Republic of Korea, which together accounted for a further 6.4%.

Democratic People's Republic of Korea, with a CAGR of +28.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 Eastern Asia amounted to $X per unit, waning by -7.5% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -27.5% against 2018 indices. The pace of growth was the most pronounced in 2016 when the import price increased by 42%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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