Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway - 2023

Contents:

  1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway (CIF) - 2023
  2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway (FOB) - 2022
  3. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway
  4. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway (CIF) - 2023

The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $6,804 per ton in December 2023, increasing by 7.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 13% m-o-m. As a result, import price attained the peak level of $7,049 per ton. From September 2023 to December 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Switzerland ($7,371 per ton) and Finland ($6,647 per ton), while the price for the UK ($5,724 per ton) and Spain ($5,838 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Croatia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway (FOB) - 2022

In 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $5,083 per ton, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 17% against the previous year. As a result, the export price reached the peak level of $5,308 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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 Netherlands ($7,212 per ton), while the average price for exports to Denmark ($4,351 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 the UK (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway

In 2022, after three years of growth, there was significant decline in overseas purchases of paints and varnishes, based on polyesters, non-aqueous medium, when their volume decreased by -9.2% to 3.9K tons. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 4.3K tons, and then declined in the following year.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium declined to $24M in 2022. The total import value increased at an average annual rate of +6.4% 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 appeared the most rapid in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of $24M, leveling off in the following year.

Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden9.710.19.110.73.3%
United Kingdom2.32.32.12.30.0%
Bosnia and Herzegovina1.51.71.81.98.2%
Germany0.30.72.11.881.7%
Spain2.01.92.01.1-18.1%
Italy0.10.30.81.0115.4%
Finland0.90.81.51.03.6%
Switzerland0.50.70.70.921.6%
France0.20.61.00.751.8%
Belgium0.30.40.50.410.1%
Poland0.30.20.30.30.0%
Croatia0.40.40.40.3-9.1%
Others1.00.81.21.26.3%
Total19.620.923.623.66.4%

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Norway in 2022:

  1. Sweden (1621.0 tons)
  2. Bosnia and Herzegovina (500.6 tons)
  3. United Kingdom (390.7 tons)
  4. Germany (320.9 tons)
  5. Finland (178.5 tons)
  6. Spain (152.8 tons)
  7. Switzerland (148.8 tons)
  8. Italy (129.8 tons)
  9. Belgium (94.9 tons)
  10. France (94.3 tons)
  11. Poland (84.5 tons)
  12. Croatia (57.6 tons)

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway

In 2022, approx. 1.4K tons of paints and varnishes, based on polyesters, non-aqueous medium were exported from Norway; falling by -6.8% on 2021 figures. In general, exports faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of 4.4%.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium totaled $7M in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year.

Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden5.03.74.64.4-4.2%
Germany0.50.20.30.711.9%
Denmark3.40.80.60.7-41.0%
Netherlands0.40.30.40.40.0%
Iceland0.40.40.40.40.0%
Turkey0.10.10.20.10.0%
United Kingdom0.2N/A0.10.1-20.6%
Others0.20.10.20.20.0%
Total10.25.76.87.0-11.8%

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Norway in 2022:

  1. Sweden (904.4 tons)
  2. Denmark (151.6 tons)
  3. Germany (113.4 tons)
  4. Iceland (78.8 tons)
  5. Netherlands (56.8 tons)
  6. Turkey (25.2 tons)
  7. United Kingdom (9.1 tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Paints And Varnishes, Based On Polyesters, Non-Aqueous Medium - Norway