Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR (CIF) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR (FOB) - 2023
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR (CIF) - 2022
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $4,938 per ton in 2022, increasing by 90% against the previous year. Overall, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices attained the peak figure at $7,094 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($19,839 per ton), while the price for South Korea ($3,156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), 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 Hong Kong SAR (FOB) - 2023
In October 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $3,578 per ton, reducing by -4.8% against the previous month. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in May 2023 an increase of 215% month-to-month. The export price peaked at $28,777 per ton in November 2022; however, from December 2022 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($14,764 per ton), while the average price for exports to the Philippines ($2,006 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+24.2%), 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 Hong Kong SAR
In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium imported into Hong Kong SAR shrank sharply to 1.2K tons, falling by -75.3% on the year before. Overall, imports saw a sharp descent. The growth pace was the most rapid in 2021 with an increase of 86% against the previous year. As a result, imports reached the peak of 4.9K tons, and then fell dramatically in the following year.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium reduced sharply to $6M in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, imports reached the peak of $13M, and then reduced rapidly in the following year.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.9 | 5.4 | 9.8 | 2.7 | -30.1% |
| Japan | 1.7 | 1.4 | 1.0 | 0.9 | -19.1% |
| United States | 0.9 | 0.5 | 0.9 | 0.8 | -3.9% |
| United Kingdom | N/A | 0.5 | 0.5 | 0.7 | 18.3% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| South Korea | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Malaysia | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 11.1 | 8.2 | 12.7 | 6.0 | -18.5% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Hong Kong SAR in 2022:
- China (834.7 tons)
- Taiwan (Chinese) (94.2 tons)
- South Korea (82.6 tons)
- Malaysia (74.1 tons)
- Japan (44.6 tons)
- United States (39.3 tons)
- United Kingdom (33.8 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR
In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium exported from Hong Kong SAR reduced dramatically to 647 tons, falling by -59.7% against 2021. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium fell remarkably to $5.1M in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports attained the peak of $6.8M, and then dropped notably in the following year.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,419 | 1,546 | 2,341 | 2,914 | 27.1% |
| Sri Lanka | 574 | 310 | 433 | 613 | 2.2% |
| Peru | N/A | 36.5 | 156 | 246 | 159.6% |
| South Africa | 394 | 120 | 150 | 205 | -19.6% |
| Guatemala | 431 | 423 | 619 | 178 | -25.5% |
| Japan | N/A | N/A | 76.6 | 77.8 | 1.6% |
| El Salvador | 300 | 152 | 277 | 59.6 | -41.6% |
| Spain | N/A | N/A | 179 | N/A | 0% |
| Dominican Republic | 260 | 685 | 123 | N/A | -31.2% |
| Nicaragua | 304 | 189 | 176 | N/A | -23.9% |
| New Zealand | 208 | 67.4 | N/A | N/A | -67.6% |
| Chile | 232 | 96.8 | 175 | N/A | -13.1% |
| Bangladesh | 217 | 41.5 | N/A | N/A | -80.9% |
| Others | 1,629 | 1,561 | 2,089 | 801 | -21.1% |
| Total | 5,967 | 5,228 | 6,794 | 5,095 | -5.1% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Hong Kong SAR in 2022:
- China (217.5 tons)
- Peru (86.4 tons)
- Guatemala (82.7 tons)
- Sri Lanka (77.9 tons)
- South Africa (59.9 tons)
- Japan (32.8 tons)
- El Salvador (24.4 tons)
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