Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea - 2022
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea (FOB) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea (CIF) - 2022
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea (FOB) - 2022
In December 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $4,877 per ton, reducing by -2.6% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 34% month-to-month. As a result, the export price reached the peak level of $6,630 per ton. From October 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Peru ($6,379 per ton), while the average price for exports to Thailand ($3,129 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea (CIF) - 2022
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $7,858 per ton in 2022, dropping by -2% against the previous year. Overall, the import price saw a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of 20%. Over the period under review, average import prices hit record highs at $13,882 per ton in 2013; however, from 2014 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 Spain ($22,114 per ton), while the price for Vietnam ($3,052 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea
In 2022, approx. 5.3K tons of paints and varnishes, based on polyesters, non-aqueous medium were exported from South Korea; declining by -24.7% compared with the previous year's figure. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of 7.1K tons, and then declined notably in the following year.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium declined notably to $29M in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 19%. As a result, the exports attained the peak of $36M, and then contracted markedly in the following year.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 5.7 | 5.7 | 6.0 | -4.6% |
| Indonesia | 5.0 | 4.1 | 6.7 | 4.2 | -5.6% |
| Vietnam | 3.7 | 3.7 | 3.6 | 2.9 | -7.8% |
| Russia | 3.5 | 4.4 | 5.5 | 2.7 | -8.3% |
| India | 1.5 | 1.2 | 1.5 | 2.0 | 10.1% |
| Uzbekistan | 0.1 | 2.4 | 1.0 | 1.9 | 166.8% |
| Thailand | 1.9 | 1.8 | 2.3 | 1.7 | -3.6% |
| United States | 1.3 | 1.5 | 1.6 | 1.2 | -2.6% |
| Others | 4.8 | 5.5 | 7.9 | 6.1 | 8.3% |
| Total | 28.6 | 30.2 | 35.9 | 28.7 | 0.1% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from South Korea in 2022:
- China (1017.6 tons)
- Indonesia (986.2 tons)
- Vietnam (729.7 tons)
- Russia (516.0 tons)
- Uzbekistan (468.3 tons)
- Thailand (426.7 tons)
- India (373.7 tons)
- United States (167.3 tons)
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea
Imports of paints and varnishes, based on polyesters, non-aqueous medium into South Korea dropped to 1.7K tons in 2022, waning by -6.7% on the previous year. In general, imports continue to indicate a abrupt decline. The smallest decline of -6.4% was in 2020.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium dropped to $14M in 2022. Overall, imports saw a deep reduction. The smallest decline of -0.7% was in 2021.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 4.8 | 4.2 | 4.5 | -6.5% |
| China | 3.1 | 2.2 | 2.2 | 2.9 | -2.2% |
| Japan | 4.0 | 3.9 | 3.7 | 2.2 | -18.1% |
| Germany | 0.8 | 1.1 | 1.2 | 1.1 | 11.2% |
| Singapore | 1.0 | 1.4 | 1.3 | 0.9 | -3.5% |
| Vietnam | N/A | N/A | 0.5 | 0.8 | 60.0% |
| France | 0.2 | 0.5 | 0.7 | 0.6 | 44.2% |
| Thailand | 0.5 | 0.3 | 0.2 | N/A | -36.8% |
| Others | 0.9 | 0.7 | 0.8 | 0.6 | -12.6% |
| Total | 15.9 | 14.9 | 14.8 | 13.5 | -5.3% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to South Korea in 2022:
- China (649.9 tons)
- United States (331.5 tons)
- Vietnam (258.5 tons)
- Japan (179.6 tons)
- Singapore (98.4 tons)
- Germany (94.8 tons)
- France (66.6 tons)
304
This report provides an in-depth analysis of the market for non-aqueous paint and varnish in Republic of Korea.
491
This report provides an in-depth analysis of the paint and varnish market in Republic of Korea.
439
This report provides an in-depth analysis of the global market for non-aqueous paint and varnish.
3591
This report provides an in-depth analysis of the global paint and varnish market.
304
This report provides an in-depth analysis of the market for non-aqueous paint and varnish in Republic of Korea.
439
This report provides an in-depth analysis of the global market for non-aqueous paint and varnish.
185
Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
1747
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
3084
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
