Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand (CIF) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand (FOB) - 2023
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand (CIF) - 2022
In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $6,905 per ton, remaining constant against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13% against the previous year. The import price peaked at $8,132 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($39,058 per ton), while the price for Taiwan (Chinese) ($3,030 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.0%), 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 Thailand (FOB) - 2023
In November 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $3,221 per ton, remaining relatively unchanged against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,530 per ton in May 2023; however, from June 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($5,988 per ton), while the average price for exports to Hong Kong SAR ($1,337 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+6.2%), 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 Thailand
In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium into Thailand totaled 6.9K tons, approximately reflecting the previous year's figure. The total import volume increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium rose slightly to $48M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.4 | 10.5 | 11.9 | 11.2 | 6.0% |
| Singapore | 5.0 | 7.3 | 7.3 | 8.6 | 19.8% |
| Malaysia | 3.1 | 4.0 | 4.5 | 5.2 | 18.8% |
| China | 1.4 | 4.3 | 4.4 | 4.9 | 51.8% |
| Germany | 2.4 | 4.5 | 5.2 | 4.4 | 22.4% |
| India | 2.2 | 3.4 | 5.1 | 3.2 | 13.3% |
| Taiwan (Chinese) | 0.6 | 0.9 | 1.6 | 1.6 | 38.7% |
| France | 0.4 | 0.3 | 0.6 | 1.6 | 58.7% |
| Others | 6.6 | 6.0 | 5.8 | 6.9 | 1.5% |
| Total | 31.2 | 41.3 | 46.5 | 47.6 | 15.1% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Thailand in 2022:
- Singapore (1471.1 tons)
- Japan (1124.2 tons)
- Malaysia (958.6 tons)
- China (615.3 tons)
- India (590.0 tons)
- Taiwan (Chinese) (528.7 tons)
- Germany (377.3 tons)
- France (334.3 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, when their volume decreased by -8.5% to 5.7K tons. 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 recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 7.3%. As a result, the exports reached the peak of 6.2K tons, and then reduced in the following year.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium declined to $20M in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 6% against the previous year. As a result, the exports attained the peak of $21M, and then dropped in the following year.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.9 | 4.8 | 4.4 | 4.1 | 29.2% |
| Vietnam | 2.8 | 2.1 | 2.6 | 2.9 | 1.2% |
| Indonesia | 3.9 | 3.6 | 5.3 | 2.8 | -10.5% |
| Australia | 3.4 | 1.7 | 2.4 | 1.9 | -17.6% |
| Cambodia | 2.5 | 1.9 | 2.0 | 1.9 | -8.7% |
| Philippines | 0.6 | 2.5 | 1.5 | 1.7 | 41.5% |
| Hong Kong SAR | 0.4 | 0.2 | N/A | 0.9 | 31.0% |
| Lao People's Democratic Republic | 1.3 | 1.0 | 0.9 | 0.6 | -22.7% |
| Others | 2.8 | 1.9 | 1.9 | 2.9 | 1.2% |
| Total | 19.7 | 19.7 | 20.9 | 19.7 | 0.0% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Thailand in 2022:
- Myanmar (1052.3 tons)
- Cambodia (1008.4 tons)
- Australia (866.7 tons)
- Vietnam (770.7 tons)
- Indonesia (498.4 tons)
- Philippines (333.1 tons)
- Lao People's Democratic Republic (332.2 tons)
- Hong Kong SAR (322.8 tons)
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