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

Contents:

1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Luxembourg (CIF) - 2023
2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Luxembourg (FOB) - 2022
3. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Luxembourg
4. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Luxembourg

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

The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,256 per ton in October 2023, dropping by -22.2% against the previous month. In general, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 209% m-o-m. As a result, import price attained the peak level of $11,334 per ton. From January 2023 to October 2023, the average 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 ($35,263 per ton), while the price for Switzerland amounted to $4,460 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+12.1%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $7,885 per ton, rising by 14% against the previous year. Overall, the export price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 28% against the previous year. The export price peaked at $9,657 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($10,969 per ton), while the average price for exports to Austria ($2,543 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 Belgium (-0.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium was finally on the rise to reach 894 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible curtailment.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5.6M in 2022. Over the period under review, imports, however, showed a slight downturn.

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

1. Germany (354.3 tons)
2. Belgium (350.4 tons)
3. France (142.9 tons)
4. Netherlands (31.6 tons)
5. Switzerland (0.1 tons)

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

Exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium from Luxembourg shrank sharply to 54 tons in 2022, dropping by -16.6% against the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of 64 tons, and then declined significantly in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium shrank to $423K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +46.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. As a result, the exports attained the peak of $445K, and then declined in the following year.

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

1. Belgium (23.5 tons)
2. France (15.5 tons)
3. Austria (13.6 tons)

Source: IndexBox Market Intelligence Platform