Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Norway - 2023

Contents:

1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Norway (CIF) - 2023
2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Norway (FOB) - 2022
3. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Norway
4. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Norway

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Norway (CIF) - 2023

In December 2023, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $7,711 per ton, surging by 6.4% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in January 2023 an increase of 20% against the previous month. As a result, import price reached the peak level of $7,755 per ton. From February 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($22,950 per ton), while the price for the UK ($5,082 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), 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 Norway (FOB) - 2022

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $5,782 per ton, reducing by -8.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $7,114 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($7,492 per ton), while the average price for exports to Sweden ($4,942 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 Turkey (+8.1%), 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 Norway

For the fourth consecutive year, Norway recorded growth in overseas purchases of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, which increased by 12% to 3.8K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 12%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium expanded significantly to $25M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Norway in 2022:

1. United Kingdom (1863.3 tons)
2. Germany (665.0 tons)
3. Sweden (518.1 tons)
4. France (146.7 tons)
5. Belgium (136.5 tons)
6. Italy (110.4 tons)
7. Netherlands (85.3 tons)
8. Spain (70.2 tons)
9. Finland (57.5 tons)
10. Denmark (56.0 tons)

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Norway

In 2022, after three years of growth, there was significant decline in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, when their volume decreased by -55.8% to 757 tons. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 190% against the previous year. As a result, the exports reached the peak of 1.7K tons, and then contracted significantly in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium shrank markedly to $4.4M in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 233% against the previous year. As a result, the exports attained the peak of $11M, and then reduced remarkably in the following year.

Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Norway in 2022:

1. Sweden (372.8 tons)
2. Denmark (257.7 tons)
3. Turkey (38.2 tons)
4. Germany (27.3 tons)
5. Netherlands (24.6 tons)
6. Iceland (18.4 tons)
7. Spain (2.0 tons)
8. Italy (0.2 tons)

Source: IndexBox Market Intelligence Platform