Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam - 2022
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam (CIF) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam (FOB) - 2022
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam (CIF) - 2022
In 2022, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $5,511 per ton, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($5,511 per ton) and Thailand ($5,511 per ton), while the price for Malaysia ($5,511 per ton) and China ($5,511 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.4%), 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 Vietnam (FOB) - 2022
In 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $5,519 per ton, surging by 8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 9.9% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lao People's Democratic Republic ($5,520 per ton) and China ($5,519 per ton), while the average price for exports to Taiwan (Chinese) ($5,517 per ton) and Thailand ($5,519 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+1.3%), 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 Vietnam
After three years of growth, supplies from abroad of paints and varnishes, based on polyesters, non-aqueous medium decreased by -13.2% to 4.1K tons in 2022. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 17%. As a result, imports attained the peak of 4.7K tons, and then fell in the following year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium dropped slightly to $22M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, imports reached the peak of $23M, and then contracted in the following year.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 5.8 | 6.6 | 6.1 | 11.5% |
| Taiwan (Chinese) | 3.4 | 4.6 | 4.6 | 3.8 | 3.8% |
| Malaysia | 3.1 | 2.0 | 3.1 | 2.9 | -2.2% |
| Japan | 2.3 | 1.9 | 2.4 | 2.2 | -1.5% |
| United States | 0.3 | 0.1 | 0.3 | 1.8 | 81.7% |
| Thailand | 1.1 | 1.2 | 1.7 | 1.3 | 5.7% |
| South Korea | 0.7 | 0.7 | 1.1 | 0.9 | 8.7% |
| Singapore | 0.4 | 0.4 | 0.6 | 0.5 | 7.7% |
| France | 0.6 | 0.5 | 0.4 | 0.5 | -5.9% |
| Others | 1.3 | 1.3 | 2.5 | 2.5 | 24.4% |
| Total | 17.6 | 18.6 | 23.3 | 22.4 | 8.4% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Vietnam in 2022:
- China (1110.0 tons)
- Taiwan (Chinese) (688.4 tons)
- Malaysia (533.8 tons)
- Japan (396.9 tons)
- United States (331.0 tons)
- Thailand (228.6 tons)
- South Korea (160.0 tons)
- Singapore (84.2 tons)
- France (82.1 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam
After three years of growth, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium decreased by less than 0.1% to 521 tons in 2022. The total export volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium expanded sharply to $2.9M in 2022. The total export value increased at an average annual rate of +14.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 24% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 1,367 | 1,310 | 1,778 | 1,518 | 3.6% |
| South Korea | N/A | 47.5 | 415 | 786 | 306.8% |
| China | 16.1 | 341 | 155 | 337 | 175.6% |
| Thailand | 164 | 413 | 295 | 204 | 7.5% |
| Japan | 187 | 166 | 14.8 | N/A | -71.9% |
| Myanmar | 79.6 | 22.1 | N/A | N/A | -72.2% |
| Others | 89.4 | 58.6 | 3.9 | 29.8 | -30.7% |
| Total | 1,903 | 2,358 | 2,662 | 2,875 | 14.7% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Vietnam in 2022:
- Cambodia (275.0 tons)
- South Korea (142.4 tons)
- China (61.0 tons)
- Thailand (37.0 tons)
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