U.S. Paint and Varnish Export Value in March 2023
In March 2023, the paint and polish value amounted to $25,386 per ton (FOB, US), selecting up by 2.6% towards the earlier month. Over the interval from March 2022 to March 2023, it elevated at a median month-to-month charge of +1.0%. The tempo of development appeared essentially the most speedy in December 2022 when the typical export value elevated by 8% month-to-month. Over the interval underneath overview, the typical export costs hit report highs in March 2023.
There have been important variations within the common costs for the most important abroad markets. In March 2023, the nation with the very best value was China ($40,517 per ton), whereas the typical value for exports to Panama ($10,569 per ton) was amongst the bottom.
From March 2022 to March 2023, essentially the most notable charge of development when it comes to costs was recorded for provides to Jamaica (+11.7%), whereas the costs for the opposite main locations skilled extra modest paces of development.
U.S. Paint and Varnish Exports
In March 2023, paint and polish exports from america soared to 11Ok tons, leaping by 17% in contrast with the earlier month’s determine. Total, exports, nonetheless, confirmed a comparatively flat development sample.
In worth phrases, paint and polish exports skyrocketed to $276M (IndexBox estimates) in March 2023. Over the interval underneath overview, exports proceed to point a comparatively flat development sample. In consequence, the exports attained the height and are prone to proceed development within the fast time period.
U.S. Paint and Varnish Exports by Nation
Canada (5.2K tons), Mexico (3.1K tons) and China (250 tons) had been the principle locations of paint and polish exports from america, with a mixed 79% share of complete exports. Panama and Jamaica lagged considerably behind, collectively accounting for an extra 2.2%.
From March 2022 to March 2023, essentially the most notable charge of development when it comes to shipments, amongst the principle international locations of vacation spot, was attained by Panama (with a CAGR of +10.6%), whereas the opposite leaders skilled a decline.
In worth phrases, the most important markets for paint and polish exported from america had been Canada ($126M), Mexico ($75M) and China ($10M), collectively comprising 76% of complete exports. These international locations had been adopted by Panama and Jamaica, which collectively accounted for an extra 1%.
Among the many predominant international locations of vacation spot, Panama, with a CAGR of +5.8%, recorded the very best charges of development with regard to the worth of exports, over the interval underneath overview, whereas shipments for the opposite leaders skilled blended development patterns.
Supply: IndexBox Market Intelligence Platform
