Cote d'Ivoire: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Cote d'Ivoire

The Cote d'Ivoire's market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X in 2022, increasing by 9% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible decline. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Cote d'Ivoire

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Cote d'Ivoire

In 2022, after three years of decline, there was significant growth in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume increased by 8.1% to X tons. Overall, exports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2015 when exports increased by 62%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 when exports increased by 33%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Cote d'Ivoire, accounting for a 68% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Burkina Faso exceeded the volume sent to the second major destination, Niger (X tons), threefold. Mali (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+26.1% per year) and Mali (+4.1% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Cote d'Ivoire, comprising 60% of total exports. The second position in the ranking was held by Niger ($X), with a 24% share of total exports. It was followed by Togo, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso totaled +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+32.8% per year) and Togo (+12.2% per year).

Export Prices by Country

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, growing by 10% against the previous year. Overall, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 35%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the 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 Togo ($X per ton), while the average price for exports to Burkina Faso ($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 Mali (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Cote d'Ivoire

After two years of growth, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -22% to X tons in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 180% against the previous year. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank significantly to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 241%. Over the period under review, imports of hit record highs at $X in 2021, and then declined markedly in the following year.

Imports by Country

France (X tons), Morocco (X tons) and Ghana (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Cote d'Ivoire, with a combined 54% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +174.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Cote d'Ivoire, comprising 30% of total imports. The second position in the ranking was held by Ghana ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+128.9% per year) and China (+84.0% per year).

Import Prices by Country

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, shrinking by -7% against the previous year. Overall, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 24%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform