India - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Oil and Water Paints and Varnishes in India - 2023
Contents:
- Price for Oil and Water Paints and Varnishes in India (CIF) - 2023
- Price for Oil and Water Paints and Varnishes in India (FOB) - 2022
- Imports of Oil and Water Paints and Varnishes in India
- Exports of Oil and Water Paints and Varnishes in India
Price for Oil and Water Paints and Varnishes in India (CIF) - 2023
In October 2023, the average import price for oil and water paints and varnishes amounted to $5,784 per ton, waning by -15.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 46% m-o-m. The import price peaked at $8,026 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Switzerland ($47,939 per ton), while the price for the United States ($1,169 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil and Water Paints and Varnishes in India (FOB) - 2022
The average export price for oil and water paints and varnishes stood at $939 per ton in 2022, increasing by 234% against the previous year. In general, the export price, however, showed a abrupt downturn. The export price peaked at $2,549 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Bangladesh ($4,668 per ton), while the average price for exports to China ($112 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 Bangladesh (+7.6%), while the prices for the other major destinations experienced a decline.
Imports of Oil and Water Paints and Varnishes in India
In 2022, approx. 2.2K tons of oil and water paints and varnishes were imported into India; declining by -9.8% compared with 2021. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
In value terms, imports of oil and water paints and varnishes declined to $14M in 2022. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year.
Import of Oil and Water Paints and Varnishes in India (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.1 | 1.6 | 2.5 | 2.0 | -1.6% |
Germany | 2.7 | 1.3 | 1.7 | 1.8 | -12.6% |
Taiwan (Chinese) | 2.5 | 1.4 | 1.6 | 1.6 | -13.8% |
Italy | 1.1 | 0.8 | 1.3 | 1.5 | 10.9% |
Netherlands | 1.0 | 0.4 | 0.5 | 1.2 | 6.3% |
United States | 1.1 | 1.1 | 1.7 | 1.0 | -3.1% |
Belgium | 1.6 | 1.5 | 1.4 | 0.8 | -20.6% |
United Kingdom | 1.4 | 2.2 | 0.7 | 0.2 | -47.7% |
Others | 3.2 | 1.9 | 3.4 | 3.7 | 5.0% |
Total | 16.6 | 12.0 | 14.8 | 13.9 | -5.7% |
Top Suppliers of Oil and Water Paints and Varnishes to India in 2022:
- China (549.7 tons)
- Italy (403.4 tons)
- Taiwan (Chinese) (291.0 tons)
- United States (212.8 tons)
- Germany (163.0 tons)
- Netherlands (137.1 tons)
- Belgium (90.4 tons)
- United Kingdom (17.7 tons)
Exports of Oil and Water Paints and Varnishes in India
For the third consecutive year, India recorded decline in overseas shipments of oil and water paints and varnishes, which decreased by -85% to 862 tons in 2022. Over the period under review, exports continue to indicate a precipitous descent. The smallest decline of -17.1% was in 2021.
In value terms, exports of oil and water paints and varnishes shrank dramatically to $810K in 2022. In general, exports continue to indicate a dramatic contraction. The smallest decline of -1.2% was in 2021.
Export of Oil and Water Paints and Varnishes in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bangladesh | 89.4 | 99.6 | 200 | 173 | 24.6% |
Bhutan | 94.5 | 91.5 | 100 | 150 | 16.7% |
Nepal | 101 | 78.2 | 183 | 75.0 | -9.4% |
Kenya | 23.7 | 34.2 | 39.5 | 59.6 | 36.0% |
China | 2,621 | 1,006 | 698 | 50.4 | -73.2% |
Brazil | N/A | N/A | N/A | 45.4 | 0% |
Algeria | N/A | N/A | N/A | 44.4 | 0% |
United Kingdom | 20.8 | 28.7 | 8.8 | 10.9 | -19.4% |
Qatar | 7.4 | 13.5 | 1.7 | 7.0 | -1.8% |
Others | 1,170 | 276 | 377 | 194 | -45.1% |
Total | 4,128 | 1,628 | 1,609 | 810 | -41.9% |
Top Export Markets for Oil and Water Paints and Varnishes from India in 2022:
- China (450.8 tons)
- Bhutan (140.2 tons)
- Nepal (57.4 tons)
- Bangladesh (37.1 tons)
- Kenya (34.7 tons)
- Qatar (21.7 tons)
- United Kingdom (20.0 tons)
- Brazil (19.8 tons)
- Algeria (18.0 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes in India. 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 20302213 - Oil paints and varnishes (including enamels and lacquers)
- Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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