Australia and Oceania: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports in Australia and Oceania

In 2022, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 24%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports amounted to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Australia represented the largest exporting country with an export of around X tons, which resulted at 65% of total exports. New Zealand (X tons) took the second position in the ranking, distantly followed by Fiji (X tons). All these countries together held approx. 35% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of paints and varnishes dispersed or dissolved in a non-aqueous medium. At the same time, New Zealand (+1.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +1.0% from 2012-2022. Fiji experienced a relatively flat trend pattern. While the share of Fiji (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-11.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest non-aqueous paint and varnish supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was held by New Zealand ($X), with a 23% share of total exports.

In Australia, non-aqueous paint and varnish exports increased at an average annual rate of +1.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+1.7% per year) and Fiji (+20.2% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of 2.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.3%).

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports in Australia and Oceania

In 2022, after two years of growth, there was decline in overseas purchases of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume decreased by -3.2% to X tons. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 23% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, non-aqueous paint and varnish imports expanded modestly to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia represented the key importer of paints and varnishes dispersed or dissolved in a non-aqueous medium in Australia and Oceania, with the volume of imports resulting at X tons, which was near 46% of total imports in 2022. New Zealand (X tons) took the second position in the ranking, followed by Marshall Islands (X tons). All these countries together took approx. 40% share of total imports. The following importers - New Caledonia (X tons), Papua New Guinea (X tons) and Samoa (X tons) - together made up 8.3% of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of paints and varnishes dispersed or dissolved in a non-aqueous medium. At the same time, Marshall Islands (+19.2%), Samoa (+15.1%) and New Caledonia (+8.6%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +19.2% from 2012-2022. New Zealand and Papua New Guinea experienced a relatively flat trend pattern. From 2012 to 2022, the share of Marshall Islands and New Caledonia increased by +15 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported paints and varnishes dispersed or dissolved in a non-aqueous medium in Australia and Oceania, comprising 53% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total imports. It was followed by Marshall Islands, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +4.3%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.7% per year) and Marshall Islands (+20.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 an increase of 14%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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