Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa (CIF) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa (FOB) - 2023
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa (CIF) - 2022
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $5,268 per ton in 2022, with an increase of 7% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2020 an increase of 45%. The import price peaked at $7,648 per ton in 2012; however, from 2013 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 the United States ($5,999 per ton), while the price for China ($3,515 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa (FOB) - 2023
In November 2023, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,857 per ton, increasing by 2.1% against the previous month. Over the period under review, the export price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 61% against the previous month. The export price peaked at $5,163 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Argentina ($6,868 per ton), while the average price for exports to Botswana ($1,745 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+5.2%), 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 South Africa
Imports of paints and varnishes, based on polyesters, non-aqueous medium into South Africa shrank notably to 1.5K tons in 2022, dropping by -24.3% against the previous year. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 56%.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium contracted rapidly to $7.9M in 2022. Overall, imports showed a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by 62%. As a result, imports attained the peak of $9.7M, and then contracted dramatically in the following year.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,490 | 1,792 | 2,847 | 2,285 | -13.2% |
| Japan | 1,120 | 1,013 | 1,490 | 1,240 | 3.5% |
| France | 383 | 651 | 1,058 | 1,029 | 39.0% |
| Spain | 1,018 | 796 | 808 | 809 | -7.4% |
| United Kingdom | 686 | 272 | 658 | 732 | 2.2% |
| United States | 348 | 418 | 1,142 | 498 | 12.7% |
| Italy | 906 | 616 | 583 | 413 | -23.0% |
| China | 9.1 | 70.7 | 310 | 201 | 180.6% |
| Others | 431 | 339 | 788 | 644 | 14.3% |
| Total | 8,391 | 5,967 | 9,684 | 7,852 | -2.2% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to South Africa in 2022:
- Germany (391.0 tons)
- Japan (307.7 tons)
- France (206.4 tons)
- Spain (143.1 tons)
- United Kingdom (124.0 tons)
- Italy (102.0 tons)
- United States (83.1 tons)
- China (57.3 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa
In 2022, overseas shipments of paints and varnishes, based on polyesters, non-aqueous medium decreased by -60.9% to 1.4K tons, falling for the second year in a row after two years of growth. Overall, exports showed a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 28%. As a result, the exports reached the peak of 3.6K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium fell markedly to $4.8M in 2022. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 14%.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 1,443 | 1,258 | 1,512 | 1,157 | -7.1% |
| Argentina | 502 | 349 | 298 | 731 | 13.3% |
| Zimbabwe | 334 | 678 | 671 | 615 | 22.6% |
| Mozambique | 1,423 | 2,138 | 2,643 | 597 | -25.1% |
| Namibia | 514 | 527 | 686 | 388 | -8.9% |
| Zambia | 577 | 1,022 | 943 | 275 | -21.9% |
| Botswana | 864 | 1,398 | 1,298 | 164 | -42.5% |
| Swaziland | 358 | 461 | 532 | 63.5 | -43.8% |
| Others | 1,590 | 869 | 711 | 803 | -20.4% |
| Total | 7,606 | 8,699 | 9,294 | 4,794 | -14.3% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from South Africa in 2022:
- Lesotho (432.0 tons)
- Zimbabwe (215.8 tons)
- Mozambique (183.0 tons)
- Zambia (108.2 tons)
- Argentina (106.8 tons)
- Namibia (87.4 tons)
- Botswana (60.1 tons)
- Swaziland (36.1 tons)
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