Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia - 2023

Contents:

1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia (CIF) - 2023
2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia (FOB) - 2023
3. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia
4. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia (CIF) - 2023

The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $5,696 per ton in October 2023, with an increase of 4.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 32% against the previous month. As a result, import price reached the peak level of $5,701 per ton; afterwards, it flattened through to October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Sweden ($9,744 per ton), while the price for Poland ($3,643 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 Netherlands (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia (FOB) - 2023

In October 2023, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $4,381 per ton, with a decrease of -7.8% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 32% m-o-m. The export price peaked at $5,371 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Lithuania ($8,275 per ton), while the average price for exports to France ($3,482 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 the Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia

In 2022, approx. 2.4K tons of paints and varnishes, based on polyesters, non-aqueous medium were imported into Estonia; growing by 7.9% against the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 +51.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium reached $10M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +41.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Estonia in 2022:

1. Italy (574.3 tons)
2. Poland (552.4 tons)
3. Slovenia (404.7 tons)
4. Finland (326.9 tons)
5. Netherlands (164.9 tons)
6. Lithuania (97.8 tons)
7. Sweden (95.7 tons)
8. United Kingdom (35.8 tons)
9. Denmark (11.9 tons)

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Estonia

In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium decreased by -43.2% to 2.7K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 27%. As a result, the exports attained the peak of 4.7K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium fell dramatically to $10M in 2022. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year.

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Estonia in 2022:

1. Russia (1499.7 tons)
2. Lithuania (233.6 tons)
3. Germany (202.4 tons)
4. Latvia (171.3 tons)
5. France (148.9 tons)
6. Ukraine (106.2 tons)
7. Armenia (99.7 tons)
8. Belarus (47.8 tons)
9. Netherlands (45.7 tons)

Source: IndexBox Market Intelligence Platform