Africa: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Africa

The African non-aqueous paint and varnish market contracted to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then declined slightly in the following year.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Africa

In value terms, non-aqueous paint and varnish production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports in Africa

In 2022, exports of paints and varnishes dispersed or dissolved in a non-aqueous medium in Africa reached X tons, surging by X% on 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports totaled $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

South Africa (X tons) and Egypt (X tons) represented the key exporters of paints and varnishes dispersed or dissolved in a non-aqueous medium in 2022, reaching near X% and X% of total exports, respectively. It was distantly followed by Cote d'Ivoire (X tons), Morocco (X tons), Uganda (X tons) and Tunisia (X tons), together committing a X% share of total exports. Zambia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest non-aqueous paint and varnish supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In Egypt, non-aqueous paint and varnish exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports in Africa

Non-aqueous paint and varnish imports declined slightly to X tons in 2022, which is down by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, non-aqueous paint and varnish imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Somalia (X tons), Morocco (X tons), South Africa (X tons), Algeria (X tons), Nigeria (X tons), Ghana (X tons), Egypt (X tons), Liberia (X tons), Botswana (X tons), Kenya (X tons), Libya (X tons) and Tunisia (X tons) was the main importer of paints and varnishes dispersed or dissolved in a non-aqueous medium in Africa, achieving X% of total import. Congo (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Somalia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish importing markets in Africa were Morocco ($X), South Africa ($X) and Egypt ($X), together accounting for X% of total imports. Algeria, Tunisia, Liberia, Libya, Nigeria, Ghana, Kenya, Somalia, Botswana and Congo lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Somalia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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