Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka - 2022
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka (CIF) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka (FOB) - 2022
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka (CIF) - 2022
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $7,614 per ton in 2022, jumping by 92% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Malaysia ($9,257 per ton), while the price for Thailand ($1,849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.1%), 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 Sri Lanka (FOB) - 2022
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $3,870 per ton in 2022, reducing by -40.5% against the previous year. In general, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of 53%. The export price peaked at $6,504 per ton in 2021, and then fell dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($22,333 per ton), while the average price for exports to Maldives ($3,544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+31.9%), 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 Sri Lanka
In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium imported into Sri Lanka shrank dramatically to 72 tons, with a decrease of -86.3% on the previous year. Overall, imports saw a sharp contraction. The smallest decline of -5.6% was in 2021.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium shrank rapidly to $548K in 2022. In general, imports recorded a sharp reduction. The smallest decline of -9.4% was in 2021.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 21.6 | 91.1 | 79.3 | 197 | 108.9% |
| Italy | 54.9 | 350 | 455 | 90.6 | 18.2% |
| India | 1,264 | 404 | 143 | 79.0 | -60.3% |
| United States | 210 | 298 | 91.1 | 35.9 | -44.5% |
| Pakistan | 18.8 | 49.7 | 50.3 | 28.5 | 14.9% |
| Singapore | 7.5 | 16.3 | 9.9 | 15.6 | 27.7% |
| Germany | 142 | 36.8 | 25.8 | 7.1 | -63.2% |
| Taiwan (Chinese) | 136 | 54.5 | 46.3 | 6.9 | -63.0% |
| Thailand | 35.7 | 38.7 | 5.3 | 3.7 | -53.0% |
| China | 386 | 78.7 | 28.3 | 2.1 | -82.4% |
| Indonesia | 242 | 196 | 598 | N/A | 57.2% |
| Greece | 194 | 143 | 97.3 | N/A | -29.2% |
| Australia | 113 | 63.7 | 14.4 | N/A | -64.3% |
| Others | 619 | 482 | 442 | 81.5 | -49.1% |
| Total | 3,443 | 2,303 | 2,086 | 548 | -45.8% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Sri Lanka in 2022:
- Malaysia (21.3 tons)
- Italy (15.2 tons)
- India (9.6 tons)
- Pakistan (7.9 tons)
- United States (4.6 tons)
- Singapore (2.5 tons)
- Germany (2.3 tons)
- Taiwan (Chinese) (2.0 tons)
- Thailand (2.0 tons)
- China (0.9 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka
In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium increased by 2,058% to 36 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium skyrocketed to $138K in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 6.5 | 9.3 | 10.0 | 121 | 165.0% |
| Seychelles | 0.1 | N/A | 0.2 | 16.5 | 448.5% |
| Others | 3.6 | 1.1 | 0.7 | 0.8 | -39.4% |
| Total | 10.2 | 10.5 | 10.8 | 138 | 138.3% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Sri Lanka in 2022:
- Maldives (34.1 tons)
- Seychelles (1.5 tons)
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