Australia and Oceania: Paint And Varnish Market 2024

Paint And Varnish Exports

Exports in Australia and Oceania

In 2022, approx. X tons of paints and varnishes were exported in Australia and Oceania; with an increase of 24% on the year before. The total export volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paint and varnish exports stood at $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Australia represented the key exporter of paints and varnishes in Australia and Oceania, with the volume of exports recording X tons, which was near 71% of total exports in 2022. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together achieving a 28% share of total exports.

Australia was also the fastest-growing in terms of the paints and varnishes exports, with a CAGR of +3.7% from 2012 to 2022. At the same time, New Zealand (+1.7%) displayed positive paces of growth. Fiji experienced a relatively flat trend pattern. From 2012 to 2022, the share of Fiji increased by +7.4 percentage points.

In value terms, Australia ($X) remains the largest paint and varnish supplier in Australia and Oceania, comprising 69% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +1.6%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+3.7% per year) and Fiji (0.0% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, falling by -7.8% against the previous year. Overall, the export price recorded a slight contraction. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.9%).

Paint And Varnish Imports

Imports in Australia and Oceania

After three years of growth, purchases abroad of paints and varnishes decreased by -0.7% to X tons in 2022. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 16%. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, paint and varnish imports rose sharply to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +57.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Australia was the key importer of paints and varnishes in Australia and Oceania, with the volume of imports reaching X tons, which was approx. 45% of total imports in 2022. New Zealand (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Marshall Islands (13%) and New Caledonia (4.9%). The following importers - Papua New Guinea (X tons) and French Polynesia (X tons) - together made up 6.6% of total imports.

From 2012 to 2022, the biggest increases were recorded for Marshall Islands (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paint and varnish importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Marshall Islands ($X), with a combined 88% share of total imports.

In terms of the main importing countries, Marshall Islands, with a CAGR of +21.9%, saw 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 Australia and Oceania stood at $X per ton in 2022, picking up by 8.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 14%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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