Southern Asia: 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 Southern Asia

The South Asian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank modestly to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a slight curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

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

Exports in Southern Asia

In 2022, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium declined markedly to $X in 2022. Over the period under review, exports, however, showed slight growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) represented the largest exporter of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, committing X% of total exports. It was distantly followed by Pakistan (X tons), creating a X% share of total exports.

India was also the fastest-growing in terms of the paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, jumping by X% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price 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. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

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

Imports in Southern Asia

In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Southern Asia reached X tons, growing by X% on 2021 figures. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X in 2022. Overall, imports posted prominent growth. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Nepal (X tons) represented the largest importer of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, making up X% of total imports. India (X tons) ranks second in terms of the total imports with a X% share, followed by Afghanistan (X%). The following importers - Bangladesh (X tons) and Maldives (X tons) - together made up X% of total imports.

Nepal was also the fastest-growing in terms of the paints and varnishes, based on acrylic or vinyl polymers, aqueous medium imports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Afghanistan (X%), Bangladesh (X%) and Maldives (X%) displayed positive paces of growth. While the share of Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Maldives (X p.p.), Bangladesh (X p.p.), India (X p.p.) and Afghanistan (X p.p.) displayed negative dynamics.

In value terms, India ($X), Nepal ($X) and Afghanistan ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Nepal, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

The import price in Southern Asia stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price saw a pronounced reduction. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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