Australia: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Australia

The Australian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose modestly to $X in 2022, growing by 4.3% against the previous year. In general, consumption, however, recorded a perceptible downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Australia

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 38%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Australia

For the fourth year in a row, Australia recorded growth in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, which increased by 42% to X tons in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 101%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $X in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 92% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

New Zealand (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Australia, accounting for a 81% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Ghana (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+33.0% per year) and Ghana (+104.6% per year).

In value terms, New Zealand ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Australia, comprising 77% of total exports. The second position in the ranking was held by the United States ($X), with a 3.8% share of total exports. It was followed by Indonesia, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand amounted to +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.7% per year) and Indonesia (-4.0% per year).

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, reducing by -16.3% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Australia

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by 2.7% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 51% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +46.2% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 53%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Australia, together accounting for 62% of total imports. New Zealand, the Netherlands, Italy, Spain and Sweden lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +29.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Australia were Germany ($X), the United States ($X) and the Netherlands ($X), with a combined 58% share of total imports. The UK, New Zealand, Italy, Spain and Sweden lagged somewhat behind, together accounting for a further 32%.

Italy, with a CAGR of +44.2%, saw the highest growth rate of the value of imports, among 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 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, increasing by 12% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by +26.1% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 35%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :