Africa: Paint And Varnish Market 2024

Paint And Varnish Market Size in Africa

The African paint and varnish market declined slightly to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2022, and then dropped in the following year.

Paint And Varnish Production in Africa

In value terms, paint and varnish production declined slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2022, and then reduced modestly in the following year.

Paint And Varnish Exports

Exports in Africa

In 2023, paint and varnish exports in Africa rose significantly to X tons, picking up by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, paint and varnish exports expanded remarkably to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

In 2023, South Africa (X tons) represented the largest exporter of paints and varnishes, comprising X% of total exports. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by Ghana (X%), Kenya (X%) and Cote d'Ivoire (X%). The following exporters - Morocco (X tons) and Tunisia (X tons) - each reached an X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest paint and varnish supplying countries in Africa were Egypt ($X), South Africa ($X) and Ghana ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Paint And Varnish Imports

Imports in Africa

After two years of growth, supplies from abroad of paints and varnishes decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell modestly in the following year.

In value terms, paint and varnish imports dropped to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then fell in the following year.

Imports by Country

The purchases of the twelve major importers of paints and varnishes, namely Morocco, South Africa, Ghana, Nigeria, Algeria, Mozambique, Libya, Somalia, Senegal, Burkina Faso, Egypt and Botswana, represented more than half of total import. Namibia (X tons) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Somalia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), South Africa ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Libya, Algeria, Nigeria, Namibia, Ghana, Senegal, Somalia, Botswana, Mozambique and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Somalia, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the import price in Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell slightly in the following year.

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

From 2012 to 2023, 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