Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia (FOB) - 2023
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia (CIF) - 2022
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia (FOB) - 2023
In October 2023, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,609 per ton, waning by -11% against the previous month. Over the period under review, the export price continues to indicate a pronounced slump. The pace of growth was the most pronounced in April 2023 an increase of 44% m-o-m. The export price peaked at $5,834 per ton in May 2023; however, from June 2023 to October 2023, the export prices remained at a 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 Vietnam ($13,254 per ton), while the average price for exports to Singapore ($2,090 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+14.8%), 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 Malaysia (CIF) - 2022
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $4,725 per ton in 2022, jumping by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The import price peaked at $4,903 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 Singapore ($13,517 per ton), while the price for Hong Kong SAR ($1,800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.7%), 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 Malaysia
In 2022, approx. 5K tons of paints and varnishes, based on polyesters, non-aqueous medium were exported from Malaysia; shrinking by -3.6% on 2021 figures. In general, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 16%.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium rose markedly to $27M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.6 | 2.6 | 3.7 | 6.3 | 20.5% |
| Philippines | 2.9 | 2.9 | 5.5 | 6.1 | 28.1% |
| Indonesia | 3.4 | 3.0 | 3.3 | 3.9 | 4.7% |
| China | 2.6 | 2.5 | 2.7 | 3.4 | 9.4% |
| Vietnam | 2.4 | 1.6 | 2.3 | 3.2 | 10.1% |
| Singapore | 1.4 | 1.0 | 1.3 | 2.4 | 19.7% |
| Myanmar | 1.1 | 1.2 | 0.4 | 0.3 | -35.2% |
| United Arab Emirates | 1.8 | 1.9 | 3.7 | N/A | 43.4% |
| Others | 1.3 | 0.7 | 1.1 | 1.2 | -2.6% |
| Total | 20.4 | 17.5 | 24.1 | 26.8 | 9.5% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Malaysia in 2022:
- China (1140.4 tons)
- Thailand (1020.6 tons)
- Singapore (953.7 tons)
- Indonesia (803.0 tons)
- Philippines (467.1 tons)
- Vietnam (277.7 tons)
- Myanmar (131.3 tons)
- United Arab Emirates (1.0 tons)
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia
In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium imported into Malaysia reduced sharply to 4.6K tons, dropping by -25.4% compared with 2021 figures. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports attained the peak of 6.2K tons, and then shrank significantly in the following year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium shrank to $22M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.1 | 6.4 | 7.1 | 7.8 | -1.3% |
| China | 3.4 | 2.6 | 3.8 | 4.4 | 9.0% |
| United States | 1.9 | 1.3 | 0.6 | 2.3 | 6.6% |
| South Korea | 1.9 | 2.0 | 4.0 | 2.0 | 1.7% |
| Indonesia | 1.3 | 1.2 | 1.2 | 0.9 | -11.5% |
| Singapore | 0.9 | 2.1 | 0.9 | 0.6 | -12.6% |
| Vietnam | N/A | 0.1 | 0.3 | 0.4 | 100.0% |
| Japan | 2.0 | 0.5 | 1.7 | 0.3 | -46.9% |
| Hong Kong SAR | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 2.5 | 1.9 | 2.0 | 2.9 | 5.1% |
| Total | 22.2 | 18.2 | 21.7 | 21.7 | -0.8% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Malaysia in 2022:
- Thailand (1742.6 tons)
- China (1005.1 tons)
- South Korea (746.2 tons)
- Indonesia (233.8 tons)
- United States (185.5 tons)
- Vietnam (184.1 tons)
- Hong Kong SAR (141.0 tons)
- Japan (46.9 tons)
- Singapore (44.6 tons)
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