Non-Aqueous Paint And Varnish Prices in China

China Non-Aqueous Paint And Varnish Import Price in September 2022

In September 2022, the non-aqueous paint and varnish price stood at $12.5 per kg (CIF, China), with an increase of 17% against the previous month. Over the last eight months, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in February 2022 an increase of 26% m-o-m. Over the period under review, average import prices reached the peak figure at $14.1 per kg in April 2022; however, from May 2022 to September 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Japan ($28.1 per kg), while the price for Singapore ($4,881 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

China Non-Aqueous Paint And Varnish Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was paints and varnishes, based on polymers other than polyester, acrylic or vinyl, non-aqueous medium ($16.3 per kg), while the price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium ($7,690 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium (+2.3%), while the prices for the other products experienced more modest paces of growth.

China Non-Aqueous Paint And Varnish Imports

In September 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium imported into China shrank rapidly to 8.1K tons, reducing by -16.7% on August 2022 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when imports increased by 92% m-o-m. As a result, imports reached the peak of 11K tons. From July 2022 to September 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-aqueous paint and varnish imports fell to $101M (IndexBox estimates) in September 2022. In general, total imports indicated a noticeable increase from January 2022 to September 2022: its value increased at an average monthly rate of +2.6% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, imports decreased by -18.2% against June 2022 indices. The most prominent rate of growth was recorded in June 2022 with an increase of 57% month-to-month. As a result, imports reached the peak of $124M. From July 2022 to September 2022, the growth of imports failed to regain momentum.

China Non-Aqueous Paint And Varnish Imports by Type

Paints and varnishes, based on polymers other than polyester, acrylic or vinyl, non-aqueous medium (4.5K tons), paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium (3K tons) and paints and varnishes, based on polyesters, non-aqueous medium (603 tons) were the main products of non-aqueous paint and varnish imports to China.

From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium (with a CAGR of +2.2%), while imports for the other products experienced mixed trend patterns.

In value terms, paints and varnishes, based on polymers other than polyester, acrylic or vinyl, non-aqueous medium ($74M) constituted the largest type of non-aqueous paint and varnish supplied to China, comprising 73% of total imports. The second position in the ranking was held by paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium ($23M), with a 23% share of total imports.

China Non-Aqueous Paint And Varnish Imports by Country

South Korea (2.1K tons), Japan (1.7K tons) and Taiwan (Chinese) (965 tons) were the main suppliers of non-aqueous paint and varnish imports to China, together accounting for 58% of total imports. These countries were followed by Germany, the United States, Malaysia and Singapore, which together accounted for a further 27%.

From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +5.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($47M) constituted the largest supplier of non-aqueous paint and varnish to China, comprising 46% of total imports. The second position in the ranking was taken by South Korea ($18M), with an 18% share of total imports. It was followed by Germany, with a 9.4% share.

From January 2022 to September 2022, the average monthly growth rate of value from Japan amounted to +4.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+4.8% per month) and Germany (+5.9% per month).

Source: IndexBox Market Intelligence Platform