China: 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 China

The Chinese market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded to $X in 2022, picking up by 2.2% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34%. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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

Exports from China

Exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from China declined slightly to X tons in 2022, which is down by -2% compared with 2021 figures. Overall, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 35%. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped slightly to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.7% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 50%. The exports peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Myanmar (X tons), Vietnam (X tons) and Cambodia (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from China, with a combined 27% share of total exports. Russia, Thailand, South Korea, Ghana, Malaysia, Papua New Guinea, Japan, Indonesia, the UK and Venezuela lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +77.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from China were Vietnam ($X), Russia ($X) and Thailand ($X), with a combined 30% share of total exports. Cambodia, Myanmar, Malaysia, Japan, Papua New Guinea, Indonesia, Venezuela, South Korea, the UK and Ghana lagged somewhat behind, together comprising a further 26%.

Cambodia, with a CAGR of +84.5%, 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 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, growing by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Myanmar ($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 Venezuela (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium imported into China reduced to X tons, shrinking by -8.4% compared with the previous year. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, imports of reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank to $X in 2022. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to China, with a 51% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.5% per year) and Italy (+22.3% per year).

In value terms, the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to China were Germany ($X), the United States ($X) and Italy ($X), with a combined 74% share of total imports. Finland, Japan, South Korea and Singapore lagged somewhat behind, together comprising a further 14%.

Finland, with a CAGR of +24.7%, 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

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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