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 declined slightly to $X in 2022, which is down by -2.1% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then reduced modestly 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 contracted to $X in 2022 estimated in export price. Overall, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.6%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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

Exports in Africa

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 18%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish exports fell to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) and Egypt (X tons) prevails in exports structure, together generating 73% of total exports. It was distantly followed by Morocco (X tons) and Uganda (X tons), together constituting a 14% share of total exports. The following exporters - Ghana (X tons), Tunisia (X tons) and Rwanda (X tons) - together made up 6.6% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Rwanda (with a CAGR of +44.3%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest non-aqueous paint and varnish supplier in Africa, comprising 59% of total exports. The second position in the ranking was held by South Africa ($X), with a 26% share of total exports. It was followed by Morocco, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt totaled +1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-2.9% per year) and Morocco (+5.2% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, declining by -4.2% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-aqueous paint and varnish export price increased by +71.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Rwanda ($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 (+6.7%), 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

In 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium imported in Africa declined modestly to X tons, waning by -1.9% against 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

The purchases of the twelve major importers of paints and varnishes dispersed or dissolved in a non-aqueous medium, namely Algeria, Morocco, Nigeria, South Africa, Ghana, Botswana, Cameroon, Egypt, Liberia, Tunisia, Angola and Libya, represented more than half 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 main importing countries, was attained by Cameroon (with a CAGR of +20.5%), 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 Algeria ($X), together comprising 33% of total imports. Egypt, Tunisia, Liberia, Nigeria, Libya, Ghana, Cameroon, Angola, Botswana and Congo lagged somewhat behind, together accounting for a further 39%.

Among the main importing countries, Cameroon, with a CAGR of +18.3%, recorded 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

The import price in Africa stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 4.9%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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 (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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