Africa: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Africa

The African polishes for coachwork market shrank to $X in 2022, which is down by -7.6% against the previous year. Over the period under review, consumption recorded a mild shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Polishes For Coachwork Production in Africa

In value terms, polishes for coachwork production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2021 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Polishes For Coachwork Exports

Exports in Africa

In 2022, shipments abroad of polishes for coachwork increased by 64% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a slight reduction. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, polishes for coachwork exports stood at $X in 2022. In general, exports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was approx. 88% of total exports in 2022. The following exporters - Swaziland (X tons), Egypt (X tons), Kenya (X tons) and Morocco (X tons) - each amounted to an 8.3% share of total exports.

Exports from South Africa decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Swaziland (+90.0%), Morocco (+68.6%) and Kenya (+5.0%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in Africa, with a CAGR of +90.0% from 2012-2022. By contrast, Egypt (-1.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Swaziland, Egypt and Morocco increased by +2.4, +2.2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest polishes for coachwork supplier in Africa, comprising 84% of total exports. The second position in the ranking was taken by Morocco ($X), with a 5.7% share of total exports. It was followed by Egypt, with a 5.2% share.

In South Africa, polishes for coachwork exports plunged by an average annual rate of -4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+49.5% per year) and Egypt (+7.7% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, shrinking by -30.2% against the previous year. In general, the export price saw a noticeable descent. The pace of growth was the most pronounced in 2021 when the export price increased by 21%. As a result, the export price attained the peak level of $X per ton, and then dropped dramatically 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 Morocco ($X per ton), while Swaziland ($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 (+9.7%), while the other leaders experienced mixed trends in the export price figures.

Polishes For Coachwork Imports

Imports in Africa

Polishes for coachwork imports declined modestly to X tons in 2022, with a decrease of -3.2% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 28% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polishes for coachwork imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.5% 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 2021 with an increase of 35%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

The purchases of the twelve major importers of polishes for coachwork, namely South Africa, Morocco, Algeria, Nigeria, Libya, Senegal, Tunisia, Kenya, Ghana, Mauritius, Egypt and Burkina Faso, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of +33.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork importing markets in Africa were South Africa ($X), Algeria ($X) and Nigeria ($X), with a combined 46% share of total imports. Morocco, Egypt, Tunisia, Senegal, Libya, Mauritius, Ghana, Kenya and Burkina Faso lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Senegal, with a CAGR of +31.2%, 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

In 2022, the import price in Africa amounted to $X per ton, falling by -6.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2020 an increase of 22% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Kenya ($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 (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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