Report Update: May 1, 2024

Australia - Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights

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Price for Aqueous Paint and Varnish in Australia - 2023

Price for Aqueous Paint and Varnish in Australia (CIF) - 2023

In August 2023, the average aqueous paint and varnish import price amounted to $3,902 per ton, growing by 3.6% against the previous month. Over the period under review, the import price, however, recorded a slight decrease. The pace of growth was the most pronounced in November 2022 an increase of 52% against the previous month. As a result, import price attained the peak level of $5,744 per ton. From December 2022 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($7,993 per ton), while the price for Singapore ($1,422 per ton) was amongst the lowest.

From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aqueous Paint and Varnish in Australia (FOB) - 2022

In 2022, the average aqueous paint and varnish export price amounted to $3,705 per ton, shrinking by -14.2% against the previous year. Overall, the export price saw a pronounced decrease. The growth pace was the most rapid in 2018 an increase of 19%. The export price peaked at $5,735 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($6,712 per ton), while the average price for exports to Ghana ($996 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 Japan (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Aqueous Paint and Varnish in Australia

Aqueous paint and varnish imports into Australia contracted modestly to 12K tons in 2022, approximately equating 2021. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of 12K tons, leveling off in the following year.

In value terms, aqueous paint and varnish imports rose sharply to $53M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Import of Aqueous Paint and Varnish in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	10.4	11.4	11.1	12.4	6.0%
United States	7.3	5.8	8.9	9.0	7.2%
Singapore	2.8	3.0	6.0	7.0	35.7%
New Zealand	5.0	4.2	5.4	4.2	-5.6%
United Kingdom	2.4	2.4	4.2	3.7	15.5%
Italy	3.9	2.4	2.2	3.6	-2.6%
Netherlands	2.3	1.9	2.5	3.3	12.8%
Others	7.1	7.2	7.9	9.8	11.3%
Total	41.2	38.4	48.1	53.0	8.8%

Top Suppliers of Aqueous Paint and Varnish to Australia in 2022:

Singapore (4.0K tons)
Germany (2.1K tons)
United States (1.4K tons)
United Kingdom (1.0K tons)
New Zealand (0.9K tons)
Netherlands (0.6K tons)
Italy (0.6K tons)

Exports of Aqueous Paint and Varnish in Australia

For the fourth year in a row, Australia recorded growth in shipments abroad of paints and varnishes dispersed or dissolved in an aqueous medium, which increased by 40% to 9.7K tons in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aqueous paint and varnish exports soared to $36M in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 48% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Aqueous Paint and Varnish in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	7.6	11.2	17.2	24.0	46.7%
United States	1.0	0.5	1.1	1.3	9.1%
Papua New Guinea	1.3	1.3	1.4	1.2	-2.6%
Japan	1.4	0.5	1.2	0.9	-13.7%
Thailand	0.2	0.4	0.7	0.8	58.7%
Fiji	0.5	0.3	0.5	0.7	11.9%
Indonesia	0.9	1.2	1.0	0.3	-30.7%
India	0.1	0.1	0.2	0.3	44.2%
China	0.3	0.4	0.3	0.3	0.0%
Ghana	0.4	0.2	0.4	0.2	-20.6%
Others	4.4	4.0	6.1	6.0	10.9%
Total	18.1	20.2	29.9	35.9	25.6%

Top Export Markets for Aqueous Paint and Varnish from Australia in 2022:

New Zealand (7157.9 tons)
Papua New Guinea (272.0 tons)
United States (262.7 tons)
Ghana (214.5 tons)
Thailand (193.0 tons)
Fiji (160.5 tons)
India (146.5 tons)
Japan (130.3 tons)
Indonesia (100.2 tons)
China (90.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for aqueous paint and varnish in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023