Asia: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Asia

After three years of growth, the Asian market for paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -11% to $X in 2021. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Asia

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Over the period under review, production of hit record highs at $X in 2020, and then contracted modestly in the following year.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports in Asia

In 2021, overseas shipments of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 12% to X units, rising for the fifth consecutive year after two years of decline. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.3% against 2016 indices. The growth pace was the most rapid in 2018 when exports increased by 18%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) represented the main exporter of paint, distemper, varnish or similar brushes, paint pads and rollers in Asia, comprising 97% of total export.

China was also the fastest-growing in terms of the paint, distemper, varnish or similar brushes, paint pads and rollers exports, with a CAGR of +5.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest paint, distemper, varnish or similar brush, paint pad and roller supplier in Asia.

From 2012 to 2021, the average annual growth rate of value in China totaled +4.5%.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, increasing by 5.6% against the previous year. In general, the export price, however, saw a slight descent. The pace of growth appeared the most rapid in 2016 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.9% per year.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports in Asia

In 2021, the amount of paint, distemper, varnish or similar brushes, paint pads and rollers imported in Asia skyrocketed to X units, with an increase of 19% against the year before. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. The total import value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X units), Thailand (X units), Japan (X units), Bangladesh (X units), Malaysia (X units), the United Arab Emirates (X units), India (X units), Indonesia (X units), Taiwan (Chinese) (X units), Iraq (X units), Kazakhstan (X units) and the Philippines (X units) represented roughly 80% of total imports in 2021. Israel (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paint, distemper, varnish or similar brush, paint pad and roller importing markets in Asia were Japan ($X), South Korea ($X) and Indonesia ($X), with a combined 33% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, picking up by 4.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 8.1% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform