Japan: 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 Japan

The Japanese market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose slightly to $X in 2022, surging by 4% against the previous year. Overall, consumption, however, saw a slight downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild decline. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from Japan

In 2022, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -10.5% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted dramatically to $X in 2022. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 11% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), China (X tons) and the Philippines (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Japan, together comprising 44% of total exports. Hong Kong SAR, Thailand, Taiwan (Chinese), Malaysia, Vietnam, Indonesia and South Korea lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) appeared to be the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Japan worldwide, together comprising 55% of total exports. Thailand, Taiwan (Chinese), Hong Kong SAR, the Philippines, Vietnam, Malaysia and Indonesia lagged somewhat behind, together comprising a further 32%.

Vietnam, with a CAGR of +25.5%, recorded the highest rates of growth with regard to the value of exports, among 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

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, shrinking by -17.8% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 14%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($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 China (+5.0%), 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 Japan

In 2022, after two years of decline, there was significant growth in purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume increased by 20% to X tons. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium soared to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 30% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Japan, with a combined 61% share of total imports. South Korea, Belgium, Germany, Italy and Australia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Japan, comprising 33% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.5% per year) and the Netherlands (+9.6% per year).

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, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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