China: 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 China

In 2021, the Chinese market for paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -34.7% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2020, and then contracted markedly in the following year.

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

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then shrank slightly in the following year.

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

Exports from China

In 2021, overseas shipments of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 13% to X units, rising for the fifth year in a row after two years of decline. Overall, total exports indicated strong growth 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 +72.8% against 2016 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 18% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are likely to see steady growth in years to come.

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 +4.5% from 2012 to 2021; 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.

Exports by Country

The United States (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from China, accounting for a 21% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to the United States exceeded the volume sent to the second major destination, the UK (X units), threefold. Germany (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.6% per year) and Germany (+3.4% per year).

In value terms, the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from China were the United States ($X), the UK ($X) and Germany ($X), together comprising 33% of total exports. Russia, the Netherlands, Japan, France, Mexico, the Philippines, South Korea, Indonesia, Canada and Poland lagged somewhat behind, together comprising a further 31%.

The Philippines, with a CAGR of +16.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, picking up by 6.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 17%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2021, imports of paint, distemper, varnish or similar brushes, paint pads and rollers into China shrank sharply to X units, with a decrease of -33.2% on the year before. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers contracted to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 34% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X units), the UK (X units) and Canada (X units) were the main suppliers of imports of paint, distemper, varnish or similar brushes, paint pads and rollers to China, with a combined 49% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +37.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Japan ($X) and Sweden ($X) constituted the largest paint, distemper, varnish or similar brush, paint pad and roller suppliers to China, with a combined 49% share of total imports.

Sweden, with a CAGR of +65.6%, saw the highest rates of growth with regard to 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 paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, with an increase of 28% against the previous year. Over the period under review, the import price showed a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 96%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the UK ($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 United States (+50.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform