Egypt: 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 Egypt

The Egyptian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded significantly to $X in 2022, with an increase of 5% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level 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 Egypt

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose remarkably to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports from Egypt

In 2022, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Egypt skyrocketed to X tons, growing by 25% against 2021. In general, exports saw a mild increase. The growth pace was the most rapid in 2018 with an increase of 242% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 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 posted noticeable growth. The pace of growth was the most pronounced in 2018 with an increase of 171%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Palestine (X tons), Libya (X tons) and Madagascar (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Egypt, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Madagascar (with a CAGR of +248.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Egypt were Palestine ($X), Libya ($X) and Madagascar ($X), with a combined 70% share of total exports.

Madagascar, with a CAGR of +250.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 88%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Madagascar ($X per ton) and Libya ($X per ton), while the average price for exports to Italy ($X per ton) and Sudan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+25.4%), 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 Egypt

In 2022, overseas purchases of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -24% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 93%. Imports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped remarkably to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 91% against the previous year. Imports peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Egypt, together comprising 44% of total imports. Italy, Jordan, the UK, Greece, Saudi Arabia, Switzerland, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +63.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Turkey ($X) and Germany ($X) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Egypt, together comprising 44% of total imports. Italy, Jordan, the UK, Greece, Saudi Arabia, Switzerland, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further 50%.

Jordan, with a CAGR of +97.6%, saw 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

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, rising by 6.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 33%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Saudi Arabia ($X per ton) and Greece ($X per ton), while the price for the United Arab Emirates ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :