Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Turkey - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Turkey (CIF) - 2023
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Turkey (FOB) - 2023
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Turkey
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Turkey
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Turkey (CIF) - 2023
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $6,572 per ton in December 2023, dropping by -5.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 8.9% m-o-m. Over the period under review, average import prices attained the maximum at $7,100 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat 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 Spain ($8,388 per ton), while the price for Sweden ($3,140 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 Poland (+2.2%), 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 Turkey (FOB) - 2023
In December 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $5,373 per ton, rising by 37% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $5,964 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Romania ($7,339 per ton), while the average price for exports to Iraq ($3,718 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+8.4%), 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 Turkey
Imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium into Turkey expanded significantly to 16K tons in 2022, picking up by 11% against the previous year's figure. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium surged to $92M in 2022. The total import value increased at an average annual rate of +12.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.3 | 25.3 | 29.1 | 30.0 | 7.3% |
| Italy | 14.0 | 17.3 | 18.7 | 19.7 | 12.1% |
| United Kingdom | 5.8 | 6.7 | 8.5 | 11.5 | 25.6% |
| Spain | 2.1 | 1.2 | 1.9 | 4.2 | 26.0% |
| Sweden | 3.7 | 2.8 | 2.2 | 3.3 | -3.7% |
| Poland | 1.1 | 1.0 | 1.0 | 2.5 | 31.5% |
| France | 1.7 | 1.5 | 1.7 | 2.5 | 13.7% |
| Austria | 0.4 | 1.2 | 1.9 | 2.3 | 79.2% |
| South Korea | 1.3 | 1.8 | 2.3 | 1.7 | 9.4% |
| China | 0.8 | 1.0 | 0.9 | 1.5 | 23.3% |
| Japan | 1.9 | 1.7 | 1.4 | 1.4 | -9.7% |
| Belgium | 1.8 | 0.7 | 0.8 | 1.0 | -17.8% |
| Others | 6.1 | 6.0 | 8.7 | 10.5 | 19.8% |
| Total | 65.2 | 68.2 | 79.2 | 92.1 | 12.2% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Turkey in 2022:
- Germany (5.2K tons)
- Italy (4.0K tons)
- United Kingdom (1.5K tons)
- Sweden (1.1K tons)
- Poland (0.6K tons)
- China (0.5K tons)
- Austria (0.4K tons)
- France (0.4K tons)
- Spain (0.4K tons)
- Belgium (0.3K tons)
- South Korea (0.3K tons)
- Japan (0.2K tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Turkey
For the fourth consecutive year, Turkey recorded growth in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, which increased by 20% to 9.4K tons in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +62.9% against 2019 indices. 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 $46M in 2022. Overall, exports enjoyed a significant increase. 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.3 | 0.4 | 0.7 | 8.1 | 200.0% |
| Iran | 1.9 | 1.6 | 2.5 | 3.8 | 26.0% |
| Uzbekistan | 2.4 | 2.8 | 3.1 | 3.3 | 11.2% |
| Azerbaijan | 2.3 | 2.4 | 2.7 | 2.9 | 8.0% |
| Iraq | 1.8 | 2.0 | 2.0 | 2.0 | 3.6% |
| Georgia | 0.7 | 0.9 | 1.2 | 1.5 | 28.9% |
| Turkmenistan | 0.5 | 0.7 | 1.3 | 1.4 | 40.9% |
| Kazakhstan | 0.9 | 0.6 | 0.9 | 1.4 | 15.9% |
| Romania | 0.5 | 0.6 | 0.6 | 1.2 | 33.9% |
| India | 0.4 | 0.4 | 0.4 | 1.0 | 35.7% |
| Greece | 0.2 | 0.3 | 0.7 | 0.9 | 65.1% |
| Hungary | 1.2 | 0.8 | 0.8 | 0.9 | -9.1% |
| Cyprus | 0.6 | 0.7 | 0.7 | 0.7 | 5.3% |
| Others | 8.1 | 10.1 | 14.0 | 16.8 | 27.5% |
| Total | 21.8 | 24.4 | 31.5 | 46.1 | 28.4% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Turkey in 2022:
- Russia (1271.7 tons)
- Iraq (892.7 tons)
- Uzbekistan (744.5 tons)
- Azerbaijan (692.5 tons)
- Iran (653.6 tons)
- Turkmenistan (375.8 tons)
- Romania (331.7 tons)
- Georgia (323.4 tons)
- Kazakhstan (283.7 tons)
- Greece (214.6 tons)
- India (189.3 tons)
- Hungary (177.0 tons)
- Cyprus (176.7 tons)
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