Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK (FOB) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK (CIF) - 2023
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK (FOB) - 2022
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $6,231 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $6,618 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($11,891 per ton), while the average price for exports to the Netherlands ($4,619 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 Greece (+6.0%), 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 the UK (CIF) - 2023
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $5,650 per ton in November 2023, surging by 4.2% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 21% month-to-month. As a result, import price attained the peak level of $6,239 per ton. From May 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($10,313 per ton), while the price for Poland ($3,711 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), 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 the UK
In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium exported from the UK dropped modestly to 14K tons, with a decrease of -3.1% compared with the previous year's figure. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 3.5% against the previous year.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium reduced slightly to $88M in 2022. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.3 | 8.0 | 17.2 | 27.2 | 23.9% |
| Greece | 1.9 | 1.9 | 2.7 | 6.5 | 50.7% |
| Netherlands | 10.7 | 7.2 | 8.1 | 6.2 | -16.6% |
| Ireland | 6.6 | 8.4 | 5.6 | 5.7 | -4.8% |
| France | 6.8 | 3.9 | 6.2 | 5.2 | -8.6% |
| China | 7.5 | 6.3 | 7.0 | 5.0 | -12.6% |
| Belgium | 6.3 | 7.9 | 12.8 | 3.1 | -21.1% |
| Norway | 3.3 | 1.6 | 1.9 | 2.4 | -10.1% |
| Spain | 2.5 | 2.5 | 2.0 | 2.2 | -4.2% |
| Turkey | 1.7 | 1.4 | 2.4 | 2.0 | 5.6% |
| United States | 5.4 | 2.6 | 3.1 | 2.0 | -28.2% |
| Italy | 3.8 | 2.2 | 1.7 | 1.6 | -25.0% |
| Others | 24.1 | 17.8 | 20.8 | 19.2 | -7.3% |
| Total | 94.8 | 71.7 | 91.6 | 88.1 | -2.4% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from the UK in 2022:
- Germany (5.0K tons)
- Netherlands (1.3K tons)
- Greece (1.1K tons)
- Ireland (1.0K tons)
- France (0.7K tons)
- China (0.6K tons)
- Belgium (0.5K tons)
- Turkey (0.4K tons)
- Norway (0.4K tons)
- Spain (0.4K tons)
- Italy (0.3K tons)
- United States (0.2K tons)
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK
In 2022, overseas purchases of paints and varnishes, based on polyesters, non-aqueous medium decreased by -15.1% to 9.7K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 4.8%. As a result, imports reached the peak of 12K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium declined modestly to $51M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports reached the peak of $51M, leveling off in the following year.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.4 | 15.6 | 13.8 | 15.3 | -6.0% |
| Italy | 3.1 | 3.0 | 3.2 | 6.9 | 30.6% |
| France | 8.4 | 9.4 | 13.8 | 6.3 | -9.1% |
| Netherlands | 4.0 | 2.8 | 6.0 | 4.4 | 3.2% |
| Spain | 1.8 | 1.3 | 1.5 | 3.5 | 24.8% |
| Poland | 1.4 | 1.4 | 1.6 | 2.8 | 26.0% |
| Ireland | 1.8 | 1.6 | 1.8 | 2.1 | 5.3% |
| Sweden | 1.0 | 1.0 | 1.2 | 1.0 | 0.0% |
| Belgium | 2.5 | 2.6 | 2.7 | 0.8 | -31.6% |
| Others | 6.9 | 4.7 | 5.7 | 8.1 | 5.5% |
| Total | 49.4 | 43.6 | 51.3 | 51.3 | 1.3% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to the UK in 2022:
- Germany (2865.5 tons)
- Italy (1345.5 tons)
- Netherlands (1065.7 tons)
- France (882.0 tons)
- Poland (845.0 tons)
- Spain (590.3 tons)
- Ireland (581.9 tons)
- Sweden (317.8 tons)
- Belgium (216.6 tons)
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