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China - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights

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Jun 25, 2023

Paint and Varnish Price in China Peaks at $11.1 per kg

China Paint and Varnish Import Price in April 2023

In April 2023, the paint and varnish price stood at $11,084 per ton (CIF, China), standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in November 2022 an increase of 16% month-to-month. The import price peaked in April 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($31,706 per ton), while the price for Finland ($2,566 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Paint and Varnish in China (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Japan30,75031,19420,28116,90517,08524,65727,06620,73425,97826,60826,28126,02431,706
United States7,5616,6418,4635,2388,4166,9569,3987,45010,87814,70512,00512,51812,785
Austria15,4339,65312,0179,9989,0548,91411,3838,8209,3109,66310,52711,14010,658
United Kingdom11,9167,56211,08411,3297,49010,5836,5447,53911,4166,2707,0135,9878,769
South Korea8,0489,2979,1566,4057,5888,2087,6769,25210,15510,4139,22510,3238,556
Germany4,9883,6174,3044,6245,0794,5993,6716,1795,4056,1718,9067,8178,549
Netherlands6,4415,0577,5675,8177,1766,6487,3868,4296,9418,7697,4136,5757,532
Singapore4,4005,6154,9395,3414,7584,9215,7574,9935,6504,7265,3295,2057,217
Italy5,3214,6465,2064,0324,2984,8325,2224,0634,6075,1745,3794,1956,174
Vietnam4,9793,5024,9353,9384,2384,3319,5094,2965,1686,0044,4645,4625,793
Malaysia5,0435,0105,9916,8496,7006,9186,2546,7355,8447,6046,2977,1105,510
Canada3,61134,39711,6364,2703,80610,5446,8066,9394,5418,50627,0828,8475,012
Finland2,4522,5652,6492,5772,6782,8562,6253,7292,5422,527129,7782,9282,566
Average9,2437,9288,1537,3308,0598,3377,5178,6849,35310,23510,94611,01811,084

China Paint and Varnish Imports

Paint and varnish imports into China fell to 11K tons in April 2023, shrinking by -9.5% against the month before. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in June 2022 with an increase of 40% m-o-m. As a result, imports reached the peak of 20K tons. From July 2022 to April 2023, the growth of imports failed to regain momentum.

In value terms, paint and varnish imports fell to $119M (IndexBox estimates) in April 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when imports increased by 44% month-to-month. As a result, imports reached the peak of $167M. From July 2022 to April 2023, the growth of imports remained at a somewhat lower figure.

China Paint and Varnish Imports by Country

In April 2023, South Korea (3.1K tons) constituted the largest paint and varnish supplier to China, with a 29% share of total imports. Moreover, paint and varnish imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (1.3K tons), twofold. The third position in this ranking was taken by Japan (1.2K tons), with a 12% share.

From April 2022 to April 2023, the average monthly growth rate of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-4.5% per month) and Japan (-1.5% per month).

In value terms, the largest paint and varnish suppliers to China were Japan ($40M), South Korea ($26M) and the United States ($14M), together comprising 67% of total imports. These countries were followed by Germany, the UK, Malaysia, the Netherlands, Singapore, Austria, Italy, Vietnam, Canada and Finland, which together accounted for a further 23%.

Canada, with a CAGR of +16.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the paint and varnish market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
  • Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
  • Prodcom 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
  • Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
  • Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
  • Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
  • Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
  • Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.
  • Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
  • Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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