Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia (FOB) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia (CIF) - 2022
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia (FOB) - 2022
In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $4,540 per ton, growing by 6.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($7,234 per ton), while the average price for exports to Brunei Darussalam ($1,040 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 Singapore (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia (CIF) - 2022
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $4,687 per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. The import price peaked at $5,711 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,936 per ton), while the price for China ($2,774 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia
After three years of growth, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -10.5% to 11K tons in 2022. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 16%. As a result, the exports reached the peak of 13K tons, and then contracted in the following year.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium fell slightly to $52M in 2022. The total export value increased at an average annual rate of +8.2% 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 with an increase of 24%. As a result, the exports reached the peak of $54M, and then shrank slightly in the following year.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 10.3 | 10.6 | 12.9 | 11.9 | 4.9% |
| Philippines | 3.4 | 3.9 | 6.0 | 7.3 | 29.0% |
| Thailand | 5.2 | 4.2 | 5.3 | 7.2 | 11.5% |
| Singapore | 4.0 | 3.9 | 4.7 | 6.8 | 19.3% |
| China | 4.3 | 8.7 | 14.1 | 6.5 | 14.8% |
| Vietnam | 2.9 | 2.8 | 3.6 | 4.9 | 19.1% |
| India | 0.8 | 0.7 | 1.1 | 1.2 | 14.5% |
| United Arab Emirates | 4.7 | 4.8 | 1.5 | 0.3 | -60.0% |
| Others | 5.1 | 4.0 | 4.7 | 5.5 | 2.5% |
| Total | 40.6 | 43.5 | 53.8 | 51.5 | 8.2% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Malaysia in 2022:
- Indonesia (3.6K tons)
- Thailand (1.6K tons)
- Philippines (1.3K tons)
- Singapore (0.9K tons)
- China (0.9K tons)
- Vietnam (0.8K tons)
- India (0.4K tons)
- United Arab Emirates (0.1K tons)
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia
In 2022, after three years of growth, there was significant decline in purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, when their volume decreased by -10.1% to 6.2K tons. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% 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 +65.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of 6.9K tons, and then dropped in the following year.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $29M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +40.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 2.4 | 6.8 | 7.6 | 51.2% |
| Japan | 6.6 | 6.9 | 7.3 | 6.7 | 0.5% |
| Singapore | 4.7 | 4.6 | 4.6 | 4.9 | 1.4% |
| Germany | 1.1 | 1.5 | 2.1 | 3.2 | 42.8% |
| South Korea | 1.9 | 1.7 | 3.1 | 2.2 | 5.0% |
| Indonesia | 0.7 | 0.3 | 0.6 | 0.5 | -10.6% |
| Vietnam | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Taiwan (Chinese) | 0.7 | 0.7 | 0.6 | 0.3 | -24.6% |
| Others | 2.6 | 2.6 | 3.5 | 3.1 | 6.0% |
| Total | 20.6 | 20.8 | 28.7 | 28.9 | 11.9% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Malaysia in 2022:
- China (2742.5 tons)
- Japan (1362.5 tons)
- South Korea (582.8 tons)
- Singapore (519.2 tons)
- Germany (321.5 tons)
- Vietnam (135.4 tons)
- Indonesia (104.2 tons)
- Taiwan (Chinese) (64.3 tons)
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