Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia (CIF) - 2023
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia (FOB) - 2023
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia (CIF) - 2023
In October 2023, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $5,429 per ton, falling by -11.1% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 34% against the previous month. Over the period under review, average import prices hit record highs at $6,768 per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($177K per ton), while the price for Sweden ($3,395 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+37.5%), 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 Estonia (FOB) - 2023
In October 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $6,220 per ton, picking up by 5% against the previous month. Over the period under review, the export price continues to indicate slight growth. The growth pace was the most rapid in December 2022 an increase of 26% month-to-month. As a result, the export price attained the peak level of $7,393 per ton. From January 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Latvia ($8,652 per ton), while the average price for exports to Sweden ($3,975 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+8.1%), 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 Estonia
For the fourth year in a row, Estonia recorded growth in purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, which increased by 2.3% to 3.8K tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $17M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2.6 | 2.5 | 5.2 | 4.5 | 20.1% |
| Sweden | 2.9 | 3.8 | 4.7 | 3.8 | 9.4% |
| Germany | 1.8 | 1.9 | 1.1 | 2.0 | 3.6% |
| Poland | 0.8 | 0.8 | 0.9 | 1.8 | 31.0% |
| Netherlands | 0.5 | 0.5 | 0.8 | 1.4 | 40.9% |
| United Kingdom | N/A | 0.1 | 1.2 | 1.0 | 216.2% |
| Finland | 0.4 | 0.6 | 0.9 | 0.7 | 20.5% |
| Latvia | 0.3 | 0.7 | 1.0 | 0.7 | 32.6% |
| Italy | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Others | 1.0 | 0.9 | 0.8 | 0.9 | -3.5% |
| Total | 11.0 | 12.2 | 17.0 | 17.2 | 16.1% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Estonia in 2022:
- Sweden (1286.0 tons)
- Lithuania (1104.8 tons)
- Germany (338.6 tons)
- Poland (264.9 tons)
- United Kingdom (188.0 tons)
- Netherlands (178.2 tons)
- Latvia (169.2 tons)
- Finland (142.9 tons)
- Italy (78.9 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia
After three years of growth, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -4.6% to 1.3K tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 +40.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. As a result, the exports attained the peak of 1.4K tons, and then contracted slightly in the following year.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium dropped to $7.6M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +40.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of $7.9M, and then reduced in the following year.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 4.6 | 4.5 | 6.5 | 5.5 | 6.1% |
| Kazakhstan | N/A | N/A | N/A | 0.8 | 0% |
| Russia | 0.4 | 0.4 | 0.7 | 0.5 | 7.7% |
| Latvia | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| Bahamas | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Total | 5.6 | 5.4 | 7.9 | 7.6 | 10.7% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Estonia in 2022:
- Lithuania (917.7 tons)
- Kazakhstan (141.9 tons)
- Russia (99.5 tons)
- Bahamas (46.0 tons)
- Latvia (39.5 tons)
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