Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan (CIF) - 2023
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan (CIF) - 2023
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $2,722 per ton in June 2023, increasing by 4.9% against the previous month. In general, the import price, however, continues to indicate a deep slump. The growth pace was the most rapid in September 2022 an increase of 9.3% month-to-month. Over the period under review, average import prices hit record highs at $5,133 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,749 per ton), while the price for Taiwan (Chinese) ($2,179 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+1.6%), while the prices for the other major suppliers experienced a decline.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $2,734 per ton in 2022, increasing by 83% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $4,923 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Afghanistan.
From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +0.2% per year.
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan
In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -5.3% to 2.3K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 152% against the previous year. As a result, imports attained the peak of 3.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium surged to $12M in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 50%. Over the period under review, imports of reached the peak figure 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 Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,153 | 5,140 | 5,226 | 6,932 | 47.7% |
| Switzerland | 1,360 | 1,036 | 1,311 | 1,999 | 13.7% |
| Turkey | 7.4 | 28.6 | 220 | 400 | 278.1% |
| Germany | 240 | 311 | 198 | 393 | 17.9% |
| Malaysia | 7.1 | 6.2 | 5.7 | 283 | 241.6% |
| Japan | 123 | 74.7 | 284 | 272 | 30.3% |
| Taiwan (Chinese) | 90.1 | 83.5 | 96.0 | 254 | 41.3% |
| South Korea | 100 | 142 | 174 | 205 | 27.0% |
| Italy | 47.8 | 43.1 | 106 | 181 | 55.9% |
| Others | 1,239 | 1,210 | 1,164 | 925 | -9.3% |
| Total | 5,367 | 8,075 | 8,786 | 11,844 | 30.2% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Pakistan in 2022:
- China (1396.4 tons)
- Switzerland (314.1 tons)
- Turkey (84.4 tons)
- Taiwan (Chinese) (73.4 tons)
- Malaysia (64.6 tons)
- Germany (62.5 tons)
- Italy (54.8 tons)
- South Korea (42.1 tons)
- Japan (39.0 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan
In 2022, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -85% to 7.5 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 35,817% against the previous year.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium reduced rapidly to $20K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 45,067%.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 0.2 | 70.0 | 66.0 | 20.3 | 366.5% |
| Bangladesh | N/A | 2.5 | 2.3 | N/A | -8.0% |
| Kyrgyzstan | N/A | N/A | 3.6 | N/A | 0% |
| Others | N/A | 0.3 | 2.4 | 0.1 | -42.3% |
| Total | 0.2 | 72.7 | 74.4 | 20.5 | 368.0% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Pakistan in 2022:
- Afghanistan (7.4 tons)
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