Australia: Market for Oil And Water Paints And Varnishes 2025

Market Size for Oil And Water Paints And Varnishes in Australia

The Australian market for oil and water paints and varnishes dropped to $X in 2021, shrinking by -10.3% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Oil And Water Paints And Varnishes in Australia

In value terms, production of oil and water paints and varnishes declined to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 44%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Oil And Water Paints And Varnishes

Exports from Australia

In 2021, shipments abroad of oil and water paints and varnishes decreased by -1.1% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by 150%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of oil and water paints and varnishes rose significantly to $X in 2021. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 96% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for exports of oil and water paints and varnishes from Australia, with a 42% share of total exports. Moreover, exports of oil and water paints and varnishes to New Zealand exceeded the volume sent to the second major destination, India (X tons), fourfold. Indonesia (X tons) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-0.2% per year) and Indonesia (+38.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for oil and water paints and varnishes exports from Australia, comprising 37% of total exports. The second position in the ranking was held by Thailand ($X), with an 11% share of total exports. It was followed by India, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+22.5% per year) and India (+3.6% per year).

Export Prices by Country

The average export price for oil and water paints and varnishes stood at $X per ton in 2021, growing by 14% against the previous year. Overall, the export price showed a modest increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Australia

In 2021, approx. X tons of oil and water paints and varnishes were imported into Australia; with an increase of 18% on 2020 figures. In general, imports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2013 when imports increased by 35% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of oil and water paints and varnishes stood at $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 32%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of imports of oil and water paints and varnishes to Australia, together comprising 47% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +43.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Germany ($X) were the largest oil and water paints and varnishes suppliers to Australia, together comprising 57% of total imports. These countries were followed by Thailand, Italy, New Zealand, Taiwan (Chinese), Greece, Spain, China and Switzerland, which together accounted for a further 31%.

Taiwan (Chinese), with a CAGR of +49.2%, recorded the highest growth rate of 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.

Import Prices by Country

In 2021, the average import price for oil and water paints and varnishes amounted to $X per ton, with a decrease of -8.4% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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