Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia - 2022
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia (FOB) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia (CIF) - 2022
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia (FOB) - 2022
In March 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,553 per ton, jumping by 18% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was Thailand ($8,420 per ton), while the average price for exports to Timor-Leste ($1,325 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia (CIF) - 2022
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $5,003 per ton in March 2022, growing by 2.6% against the previous month. In general, the import price showed a slight increase. The pace of growth was the most pronounced in May 2021 an increase of 22% m-o-m. The import price peaked at $5,860 per ton in September 2021; however, from October 2021 to March 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($13,344 per ton), while the price for France ($2,774 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia
In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium was finally on the rise to reach 8.6K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt shrinkage.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium soared to $28M in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 11.5 | 10.6 | 11.5 | 17.5 | 15.0% |
| Vietnam | 0.8 | 1.2 | 0.5 | 2.6 | 48.1% |
| Malaysia | 2.5 | 1.5 | 1.8 | 1.6 | -13.8% |
| Japan | 1.5 | 1.0 | 0.3 | 1.3 | -4.7% |
| Australia | 2.4 | 1.4 | 1.0 | 0.9 | -27.9% |
| Philippines | 2.1 | 1.4 | 1.8 | 0.9 | -24.6% |
| Timor-Leste | 0.6 | 0.4 | 0.5 | 0.8 | 10.1% |
| India | 1.2 | 0.6 | 0.9 | 0.7 | -16.4% |
| Thailand | 0.8 | 0.7 | 1.1 | 0.4 | -20.6% |
| United States | 3.3 | 1.6 | N/A | 0.3 | -55.0% |
| Bangladesh | 0.5 | 0.7 | 0.2 | 0.1 | -41.5% |
| Sri Lanka | 1.1 | 0.9 | 0.3 | 0.1 | -55.0% |
| Others | 0.8 | 1.6 | 1.2 | 1.1 | 11.2% |
| Total | 29.0 | 23.4 | 21.2 | 28.3 | -0.8% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Indonesia in 2022:
- Singapore (5183.6 tons)
- Vietnam (825.6 tons)
- Timor-Leste (558.7 tons)
- Malaysia (404.5 tons)
- Japan (385.6 tons)
- Philippines (283.8 tons)
- Australia (220.2 tons)
- India (186.0 tons)
- Thailand (107.5 tons)
- United States (80.5 tons)
- Sri Lanka (35.9 tons)
- Bangladesh (26.9 tons)
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia
In 2022, approx. 4K tons of paints and varnishes, based on polyesters, non-aqueous medium were imported into Indonesia; dropping by -17.6% compared with the year before. In general, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 4.8K tons, and then fell dramatically in the following year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium shrank remarkably to $19M in 2022. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 30%.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.5 | 3.3 | 5.6 | 4.4 | 7.9% |
| Malaysia | 2.7 | 2.2 | 2.1 | 2.6 | -1.3% |
| Japan | 3.5 | 2.8 | 2.3 | 2.3 | -13.1% |
| Taiwan (Chinese) | 1.1 | 1.1 | 1.2 | 1.5 | 10.9% |
| China | 1.6 | 1.0 | 1.6 | 1.3 | -6.7% |
| Germany | 2.3 | 1.0 | 3.6 | 1.1 | -21.8% |
| Singapore | 2.4 | 1.0 | 1.1 | 0.8 | -30.7% |
| France | 0.7 | 0.4 | 0.7 | 0.8 | 4.6% |
| United States | 1.6 | 0.8 | 0.8 | 0.8 | -20.6% |
| Vietnam | 0.5 | 1.0 | 0.8 | 0.7 | 11.9% |
| Others | 3.5 | 3.1 | 3.2 | 3.0 | -5.0% |
| Total | 23.3 | 17.6 | 22.9 | 19.4 | -5.9% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Indonesia in 2022:
- South Korea (1005.3 tons)
- Malaysia (566.2 tons)
- China (444.7 tons)
- Taiwan (Chinese) (353.4 tons)
- Japan (345.5 tons)
- France (275.9 tons)
- Vietnam (194.4 tons)
- Singapore (173.9 tons)
- Germany (135.7 tons)
- United States (40.4 tons)
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