Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore - 2022
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore (FOB) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore (CIF) - 2022
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $7,510 per ton in 2022, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $8,980 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($16,378 per ton), while the average price for exports to Myanmar ($2,035 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 Malaysia (+11.4%), 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 Singapore (CIF) - 2022
In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $9,555 per ton, rising by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2019 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($41,321 per ton), while the price for China ($2,377 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.1%), 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 Singapore
In 2022, approx. 4.5K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were exported from Singapore; surging by 3% compared with 2021 figures. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium expanded remarkably to $33M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.2 | 9.8 | 9.1 | 10.3 | 12.7% |
| Indonesia | 3.7 | 3.4 | 2.8 | 3.4 | -2.8% |
| United Arab Emirates | 0.3 | 0.3 | 0.1 | 3.3 | 122.4% |
| South Korea | 2.8 | 3.1 | 3.2 | 3.3 | 5.6% |
| Malaysia | 1.4 | 1.1 | 1.7 | 2.4 | 19.7% |
| Philippines | 2.9 | 2.2 | 3.0 | 1.6 | -18.0% |
| Vietnam | 0.8 | 0.5 | 0.2 | 1.4 | 20.5% |
| Brunei Darussalam | 0.1 | 0.2 | 0.2 | 1.3 | 135.1% |
| Australia | 0.1 | N/A | 0.1 | 1.2 | 128.9% |
| Cambodia | 0.2 | 0.4 | 0.5 | 0.9 | 65.1% |
| Hong Kong SAR | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Sri Lanka | 0.8 | 0.3 | 0.4 | 0.5 | -14.5% |
| Myanmar | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Others | 7.0 | 6.5 | 7.6 | 3.2 | -23.0% |
| Total | 27.6 | 28.0 | 29.1 | 33.4 | 6.6% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Singapore in 2022:
- Thailand (1597.2 tons)
- South Korea (468.7 tons)
- Indonesia (338.7 tons)
- United Arab Emirates (298.0 tons)
- Brunei Darussalam (247.3 tons)
- Philippines (225.2 tons)
- Cambodia (222.9 tons)
- Vietnam (168.8 tons)
- Hong Kong SAR (166.0 tons)
- Malaysia (146.2 tons)
- Australia (143.3 tons)
- Sri Lanka (75.9 tons)
- Myanmar (75.5 tons)
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore
In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium into Singapore rose notably to 3K tons, with an increase of 13% against 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium surged to $29M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.6 | 11.7 | 11.2 | 7.7 | -17.3% |
| Malaysia | 5.4 | 4.5 | 4.8 | 6.4 | 5.8% |
| Japan | 0.8 | 2.0 | 1.2 | 4.4 | 76.5% |
| Germany | 0.8 | 0.6 | 0.9 | 1.5 | 23.3% |
| Netherlands | 0.2 | 0.3 | 0.3 | 1.4 | 91.3% |
| Italy | 0.5 | 0.4 | 0.5 | 1.3 | 37.5% |
| Saudi Arabia | N/A | N/A | 1.3 | 1.1 | -15.4% |
| China | 0.5 | 0.5 | 0.7 | 1.1 | 30.1% |
| United Kingdom | 0.8 | 0.2 | 0.3 | 0.8 | 0.0% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Indonesia | 0.7 | 1.0 | 0.4 | 0.4 | -17.0% |
| Vietnam | N/A | 0.1 | 0.5 | 0.3 | 73.2% |
| Thailand | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Others | 2.6 | 2.8 | 1.9 | 2.0 | -8.4% |
| Total | 26.1 | 24.2 | 24.2 | 29.0 | 3.6% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Singapore in 2022:
- Malaysia (885.2 tons)
- United States (545.3 tons)
- China (448.9 tons)
- Italy (168.9 tons)
- Saudi Arabia (137.6 tons)
- Germany (130.4 tons)
- Netherlands (111.5 tons)
- Japan (107.3 tons)
- Indonesia (91.5 tons)
- United Kingdom (88.6 tons)
- Thailand (70.8 tons)
- Vietnam (63.2 tons)
- Taiwan (Chinese) (56.9 tons)
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