Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK - 2023

Contents:

1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK (FOB) - 2023
2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK (CIF) - 2023
3. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK
4. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK (FOB) - 2023

In November 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $6,507 per ton, remaining relatively unchanged against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in December 2022 an increase of 17% month-to-month. Over the period under review, the average export prices reached the peak figure at $6,584 per ton in October 2023, and then reduced in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($20,386 per ton), while the average price for exports to Norway ($3,810 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK (CIF) - 2023

The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $6,414 per ton in November 2023, waning by -38.1% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 72% m-o-m. As a result, import price reached the peak level of $10,359 per ton, and then fell markedly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was France ($11,082 per ton), while the price for Australia ($1,995 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK

In 2022, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium from the UK expanded modestly to 40K tons, with an increase of 2.3% compared with the previous year. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium rose slightly to $231M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from the UK in 2022:

1. Netherlands (9.8K tons)
2. Chad (3.3K tons)
3. Italy (2.7K tons)
4. China (2.5K tons)
5. Belgium (2.2K tons)
6. Norway (2.2K tons)
7. Germany (1.8K tons)
8. Spain (1.8K tons)
9. Ireland (1.7K tons)
10. France (1.5K tons)
11. Turkey (1.4K tons)
12. Poland (1.0K tons)
13. United States (1.0K tons)

Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the UK

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium increased by 11% to 23K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a perceptible descent.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium expanded markedly to $133M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to the UK in 2022:

1. Germany (5.8K tons)
2. Switzerland (3.6K tons)
3. Italy (2.1K tons)
4. Netherlands (1.9K tons)
5. Belgium (1.7K tons)
6. Spain (1.6K tons)
7. China (1.1K tons)
8. Poland (0.9K tons)
9. France (0.8K tons)
10. Sweden (0.7K tons)
11. Hong Kong SAR (0.7K tons)
12. Slovenia (0.2K tons)

Source: IndexBox Market Intelligence Platform