Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam - 2022
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam (CIF) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam (CIF) - 2022
In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $6,431 per ton, rising by 10% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($6,431 per ton) and Thailand ($6,431 per ton), while the price for Malaysia ($6,431 per ton) and China ($6,431 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,361 per ton in 2022, reducing by -11.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 20%. As a result, the export price attained the peak level of $7,243 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($6,500 per ton), while the average price for exports to Myanmar ($1,053 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 Japan (+2.0%), 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, Non-Aqueous Medium in Vietnam
In 2022, after three years of growth, there was decline in purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, when their volume decreased by -3.3% to 13K tons. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 10% against the previous year. As a result, imports attained the peak of 14K tons, and then fell slightly in the following year.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium expanded significantly to $85M in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 22.3 | 20.2 | 20.6 | 24.9 | 3.7% |
| China | 11.4 | 16.0 | 23.3 | 23.7 | 27.6% |
| Japan | 10.4 | 12.6 | 13.8 | 10.9 | 1.6% |
| Malaysia | 2.9 | 2.5 | 3.4 | 4.6 | 16.6% |
| Taiwan (Chinese) | 3.5 | 4.5 | 3.8 | 4.2 | 6.3% |
| Thailand | 4.4 | 3.3 | 4.2 | 3.8 | -4.8% |
| Germany | 0.9 | 1.9 | 3.5 | 3.6 | 58.7% |
| Indonesia | 1.8 | 2.2 | 2.4 | 3.2 | 21.1% |
| Others | 4.7 | 6.0 | 5.2 | 6.4 | 10.8% |
| Total | 62.4 | 69.3 | 80.1 | 85.3 | 11.0% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Vietnam in 2022:
- South Korea (3.9K tons)
- China (3.7K tons)
- Japan (1.7K tons)
- Taiwan (Chinese) (0.7K tons)
- Malaysia (0.7K tons)
- Germany (0.6K tons)
- Thailand (0.6K tons)
- Indonesia (0.5K tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam
For the fourth consecutive year, Vietnam recorded growth in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, which increased by 23% to 985 tons in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 143% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium reached $5.3M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 148% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 116 | 712 | 1,118 | 1,117 | 112.7% |
| Indonesia | 148 | 113 | 301 | 863 | 80.0% |
| Philippines | 320 | 378 | 559 | 792 | 35.3% |
| Bangladesh | 68.8 | 109 | 569 | 547 | 99.6% |
| Cambodia | 6.3 | 389 | 638 | 477 | 323.1% |
| United States | N/A | N/A | N/A | 370 | 0% |
| South Korea | 14.6 | 35.7 | 13.2 | 345 | 187.0% |
| Thailand | 72.2 | 268 | 228 | 313 | 63.1% |
| Myanmar | 159 | 145 | 153 | 217 | 10.9% |
| Others | 184 | 547 | 1,297 | 237 | 8.8% |
| Total | 1,089 | 2,697 | 4,875 | 5,279 | 69.2% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Vietnam in 2022:
- Myanmar (206.0 tons)
- Singapore (171.9 tons)
- Indonesia (132.7 tons)
- Philippines (121.9 tons)
- Bangladesh (84.2 tons)
- Cambodia (73.4 tons)
- United States (56.9 tons)
- South Korea (53.1 tons)
- Thailand (48.2 tons)
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