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Thailand - Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Aqueous Paint and Varnish in Thailand - 2023
Contents:
- Price for Aqueous Paint and Varnish in Thailand (CIF) - 2023
- Price for Aqueous Paint and Varnish in Thailand (FOB) - 2023
- Imports of Aqueous Paint and Varnish in Thailand
- Exports of Aqueous Paint and Varnish in Thailand
Price for Aqueous Paint and Varnish in Thailand (CIF) - 2023
The average aqueous paint and varnish import price stood at $4,219 per ton in July 2023, with a decrease of -3.8% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in October 2022 when the average import price increased by 24% against the previous month. The import price peaked at $4,732 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($8,563 per ton), while the price for Lao People's Democratic Republic ($602 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Singapore (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aqueous Paint and Varnish in Thailand (FOB) - 2023
In July 2023, the average aqueous paint and varnish export price amounted to $2,382 per ton, picking up by 4.3% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 15% m-o-m. As a result, the export price reached the peak level of $2,451 per ton. From January 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Malaysia ($5,039 per ton), while the average price for exports to the United Arab Emirates ($1,761 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aqueous Paint and Varnish in Thailand
After three years of growth, supplies from abroad of paints and varnishes dispersed or dissolved in an aqueous medium decreased by -4.6% to 20K tons in 2022. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 21K tons, and then shrank in the following year.
In value terms, aqueous paint and varnish imports reached $80M in 2022. The total import value increased at an average annual rate of +8.7% 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 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Aqueous Paint and Varnish in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 16.8 | 13.3 | 17.9 | 20.4 | 6.7% |
China | 8.1 | 11.4 | 14.8 | 11.1 | 11.1% |
Singapore | 8.8 | 10.5 | 10.5 | 9.9 | 4.0% |
Malaysia | 5.2 | 5.2 | 4.4 | 5.9 | 4.3% |
Germany | 5.5 | 6.8 | 6.1 | 4.9 | -3.8% |
Taiwan (Chinese) | 3.0 | 2.8 | 3.8 | 4.1 | 11.0% |
Italy | 3.8 | 3.6 | 5.7 | 3.6 | -1.8% |
India | 0.2 | 0.3 | 0.3 | 3.0 | 146.6% |
South Korea | 1.0 | 1.9 | 1.9 | 2.8 | 40.9% |
United Kingdom | 1.9 | 2.3 | 1.9 | 1.8 | -1.8% |
Lao People's Democratic Republic | 0.5 | 0.7 | 1.3 | 1.3 | 37.5% |
Others | 7.8 | 8.3 | 10.9 | 11.2 | 12.8% |
Total | 62.4 | 67.2 | 79.5 | 80.1 | 8.7% |
Top Suppliers of Aqueous Paint and Varnish to Thailand in 2022:
- Singapore (2.8K tons)
- Japan (2.7K tons)
- Malaysia (2.5K tons)
- India (2.3K tons)
- China (1.9K tons)
- Lao People's Democratic Republic (1.8K tons)
- Taiwan (Chinese) (1.5K tons)
- South Korea (0.9K tons)
- Italy (0.8K tons)
- United Kingdom (0.8K tons)
- Germany (0.5K tons)
Exports of Aqueous Paint and Varnish in Thailand
In 2022, the amount of paints and varnishes dispersed or dissolved in an aqueous medium exported from Thailand amounted to 26K tons, with an increase of 5.5% on the previous year. The total export volume increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, aqueous paint and varnish exports skyrocketed to $59M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +46.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
Export of Aqueous Paint and Varnish in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cambodia | 11.8 | 10.6 | 13.3 | 14.4 | 6.9% |
Myanmar | 4.0 | 8.0 | 7.9 | 12.0 | 44.2% |
Vietnam | 7.2 | 6.4 | 8.6 | 11.1 | 15.5% |
Lao People's Democratic Republic | 5.6 | 5.1 | 4.9 | 5.1 | -3.1% |
United Arab Emirates | 0.2 | 0.5 | 2.2 | 2.5 | 132.1% |
Malaysia | 1.1 | 0.9 | 2.5 | 2.0 | 22.1% |
Indonesia | 4.9 | 1.5 | 1.6 | 1.7 | -29.7% |
Philippines | 1.7 | 0.9 | 1.0 | 1.5 | -4.1% |
Hong Kong SAR | 1.1 | 1.3 | 1.5 | 1.5 | 10.9% |
Others | 5.4 | 5.3 | 6.5 | 7.7 | 12.6% |
Total | 43.0 | 40.5 | 50.0 | 59.4 | 11.4% |
Top Export Markets for Aqueous Paint and Varnish from Thailand in 2022:
- Cambodia (8.8K tons)
- Myanmar (4.5K tons)
- Vietnam (3.9K tons)
- Lao People's Democratic Republic (2.6K tons)
- United Arab Emirates (1.4K tons)
- Indonesia (0.7K tons)
- Hong Kong SAR (0.7K tons)
- Philippines (0.5K tons)
- Malaysia (0.5K tons)
This report provides an in-depth analysis of the market for aqueous paint and varnish in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
- Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for aqueous paint and varnish in Thailand.
This report provides an in-depth analysis of the paint and varnish market in Thailand.
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This report provides an in-depth analysis of the global market for aqueous paint and varnish.
This report provides an in-depth analysis of the global paint and varnish market.
This report provides an in-depth analysis of the global market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium.
This report provides an in-depth analysis of the global market for metal spiral or discs spring.
This report provides an in-depth analysis of the market for aqueous paint and varnish in Thailand.
This report provides an in-depth analysis of the paint and varnish market in Thailand.
Discover the top import markets for aqueous paint and varnish in the world. Explore key statistics and trends in the global trade of these products.
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Explore the top countries that are major importers of paints and varnishes based on acrylic or vinyl polymers in an aqueous medium. Learn about their import values and the factors driving their demand for these products.
Discover the top import markets for aqueous paint and varnish in the world. Explore key statistics and trends in the global trade of these products.
Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
Explore the top countries that are major importers of paints and varnishes based on acrylic or vinyl polymers in an aqueous medium. Learn about their import values and the factors driving their demand for these products.