U.S.: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in the U.S.

The U.S. non-aqueous paint and varnish market totaled $X in 2022, rising by 9.3% against the previous year. Over the period under review, consumption enjoyed a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in the U.S.

In value terms, non-aqueous paint and varnish production rose rapidly to $X in 2022. Overall, production recorded a prominent increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 65%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from the U.S.

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -1.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 8.8% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of non-aqueous paint and varnish exports from the United States, with a combined 76% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of -5.8%), while the other leaders experienced a decline.

In value terms, Canada ($X), Mexico ($X) and China ($X) constituted the largest markets for non-aqueous paint and varnish exported from the United States worldwide, together comprising 71% of total exports.

Among the main countries of destination, Mexico, with a CAGR of +7.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, jumping by 21% against the previous year. Over the period under review, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 77%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($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 (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into the U.S.

In 2022, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by 5.8% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of 12%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest non-aqueous paint and varnish supplier to the United States, accounting for a 33% share of total imports. Moreover, non-aqueous paint and varnish imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.0% per year) and Mexico (-8.8% per year).

In value terms, Canada ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to the United States, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and Japan (+5.1% per year).

Import Prices by Country

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, rising by 4% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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