Algeria: 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 Algeria

The Algerian non-aqueous paint and varnish market contracted to $X in 2022, shrinking by -7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

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

Exports from Algeria

After three years of growth, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -79.2% to X tons in 2022. In general, exports, however, saw a moderate increase. The pace of growth was the most pronounced in 2019 with an increase of 1,670% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted dramatically in the following year.

In value terms, non-aqueous paint and varnish exports declined significantly to $X in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 3,887%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X kg) was the main destination for non-aqueous paint and varnish exports from Algeria, accounting for a 4.7% share of total exports. Moreover, non-aqueous paint and varnish exports to Nigeria exceeded the volume sent to the second major destination, Niger (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria stood at -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-31.6% per year) and Belgium (0.0% per year).

In value terms, the largest markets for non-aqueous paint and varnish exported from Algeria were Niger ($X), Nigeria ($X) and Belgium ($X), together accounting for 8.2% of total exports.

Belgium, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, growing by 151% against the previous year. Over the period under review, the export price saw a moderate increase. The growth pace was the most rapid in 2014 an increase of 235% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+332.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Algeria

In 2022, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -0.5% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 76%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-aqueous paint and varnish imports fell to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 66% 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

Turkey (X tons), the United Arab Emirates (X tons) and Italy (X tons) were the main suppliers of non-aqueous paint and varnish imports to Algeria, with a combined 44% share of total imports. France, Lebanon, Poland, Belgium, Spain, Germany, the Netherlands, the UK, China and Portugal lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +48.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish suppliers to Algeria were Turkey ($X), Italy ($X) and France ($X), together accounting for 41% of total imports. Belgium, the United Arab Emirates, Poland, the Netherlands, Spain, Germany, Lebanon, Portugal, China and the UK lagged somewhat behind, together comprising a further 35%.

Poland, with a CAGR of +42.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, shrinking by -7.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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