Philippines: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2025

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in the Philippines

In 2021, after two years of decline, there was growth in the Philippine market for paint, distemper, varnish or similar brushes, paint pads and rollers, when its value increased by 4.5% to $X. Over the period under review, consumption, however, showed a prominent increase. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

Exports from the Philippines

Exports of paint, distemper, varnish or similar brushes, paint pads and rollers from the Philippines soared to X units in 2021, rising by 443% against the previous year. Overall, exports showed a significant increase. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers dropped notably to $X in 2021. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 4,484%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Japan (X units) and Singapore (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from the Philippines.

From 2014 to 2021, the biggest increases were recorded for Japan (with a CAGR of 0.0%).

In value terms, Japan ($X) emerged as the key foreign market for paint, distemper, varnish or similar brushes, paint pads and rollers exports from the Philippines, comprising 94% of total exports. The second position in the ranking was taken by Singapore ($X), with a 5.8% share of total exports.

From 2014 to 2021, the average annual growth rate of value to Japan was relatively modest.

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, waning by -91% against the previous year. In general, the export price showed a significant decrease. The pace of growth was the most pronounced in 2020 an increase of 6,808%. As a result, the export price reached the peak level of $X per unit, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Singapore totaled $X per unit.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+15,176.5%).

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

Imports into the Philippines

In 2021, overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -9.3% to X units, falling for the third year in a row after two years of growth. Overall, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 109%. Over the period under review, imports of hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 93% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main paint, distemper, varnish or similar brush, paint pad and roller supplier to the Philippines, accounting for a 98% share of total imports. It was followed by Japan (X units), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.9%.

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to the Philippines, comprising 91% of total imports. The second position in the ranking was taken by Japan ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +23.6%.

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 34% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for paint, distemper, varnish or similar brushes, paint pads and rollers increased by +114.1% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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 Japan ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.6%).

Source: IndexBox Platform