Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia - 2022
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia (CIF) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia (CIF) - 2022
In March 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $5,406 per ton, picking up by 8.5% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in August 2021 an increase of 22% month-to-month. As a result, import price attained the peak level of $5,721 per ton. From September 2021 to March 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($8,391 per ton), while the price for Malaysia ($3,376 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia (FOB) - 2022
In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $3,562 per ton, rising by 6.7% against the previous year. In general, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13%. The export price peaked at $4,494 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 New Zealand ($7,013 per ton), while the average price for exports to India ($2,147 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 Malaysia (+4.9%), 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, Non-Aqueous Medium in Indonesia
Imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium into Indonesia stood at 9.9K tons in 2022, leveling off at 2021. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of 13K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium totaled $54M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 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 24%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.5 | 11.6 | 12.2 | 12.7 | 6.5% |
| Japan | 6.9 | 4.4 | 6.7 | 6.9 | 0.0% |
| China | 3.5 | 3.6 | 5.1 | 6.3 | 21.6% |
| South Korea | 2.1 | 2.2 | 4.0 | 5.0 | 33.5% |
| Thailand | 3.6 | 3.4 | 4.8 | 4.2 | 5.3% |
| Singapore | 1.4 | 2.5 | 2.6 | 3.6 | 37.0% |
| Germany | 3.5 | 2.9 | 3.4 | 3.3 | -1.9% |
| Taiwan (Chinese) | 1.2 | 0.8 | 1.4 | 2.5 | 27.7% |
| Netherlands | 3.3 | 2.9 | 2.0 | 1.3 | -26.7% |
| Others | 5.2 | 3.8 | 5.0 | 8.0 | 15.4% |
| Total | 41.2 | 38.1 | 47.1 | 53.8 | 9.3% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Indonesia in 2022:
- Malaysia (3653.8 tons)
- South Korea (1050.6 tons)
- China (1041.8 tons)
- Thailand (925.7 tons)
- Japan (787.6 tons)
- Taiwan (Chinese) (526.9 tons)
- Singapore (524.7 tons)
- Germany (422.6 tons)
- Netherlands (150.3 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia
In 2022, approx. 4.2K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were exported from Indonesia; with an increase of 24% compared with the previous year. The total export volume increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium surged to $15M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,587 | 2,133 | 2,740 | 2,878 | 3.6% |
| India | 1,883 | 1,536 | 2,091 | 2,547 | 10.6% |
| Vietnam | 1,030 | 1,266 | 1,377 | 2,213 | 29.0% |
| Australia | 832 | 1,099 | 834 | 1,160 | 11.7% |
| Thailand | 640 | 597 | 574 | 997 | 15.9% |
| Singapore | 217 | 797 | 153 | 910 | 61.3% |
| Philippines | 281 | 159 | 152 | 744 | 38.3% |
| Bangladesh | 221 | 297 | 414 | 562 | 36.5% |
| New Zealand | 352 | 112 | 143 | 554 | 16.3% |
| Malaysia | 410 | 282 | 460 | 529 | 8.9% |
| Papua New Guinea | 40.7 | 32.7 | 20.2 | 339 | 102.7% |
| Others | 1,432 | 1,741 | 2,265 | 1,375 | -1.3% |
| Total | 9,927 | 10,051 | 11,223 | 14,808 | 14.3% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Indonesia in 2022:
- India (1186.2 tons)
- China (734.2 tons)
- Vietnam (733.6 tons)
- Thailand (227.9 tons)
- Singapore (226.6 tons)
- Australia (171.5 tons)
- Philippines (159.1 tons)
- Papua New Guinea (151.2 tons)
- Bangladesh (131.9 tons)
- Malaysia (92.6 tons)
- New Zealand (79.0 tons)
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