Vietnam: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Vietnam

For the third year in a row, the Vietnamese non-aqueous paint and varnish market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption showed a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Vietnam

In 2022, after five years of growth, there was significant decline in shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then plummeted in the following year.

In value terms, non-aqueous paint and varnish exports reduced to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Indonesia (X tons), China (X tons) and Singapore (X tons) were the main destinations of non-aqueous paint and varnish exports from Vietnam, with a combined X% share of total exports. Cambodia, Myanmar, Japan, South Korea and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Singapore ($X) appeared to be the largest markets for non-aqueous paint and varnish exported from Vietnam worldwide, together comprising X% of total exports. Cambodia, Japan, South Korea, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 non-aqueous paint and varnish export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Vietnam

For the seventh consecutive year, Vietnam recorded growth in supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium, which increased by X% to X tons in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-aqueous paint and varnish imports expanded remarkably to $X in 2022. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-aqueous paint and varnish imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish suppliers to Vietnam were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

China, 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

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and South Korea ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :