Egypt: 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 Egypt

The Egyptian non-aqueous paint and varnish market rose to $X in 2022, increasing by 3.5% against the previous year. Over the period under review, consumption, however, recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Egypt

In value terms, non-aqueous paint and varnish production totaled $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 20% against the previous year. Non-aqueous paint and varnish production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Egypt

In 2022, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -6.9% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports recorded a pronounced setback. The growth pace was the most rapid in 2013 when exports increased by 26%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 21%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Libya (X tons), Saudi Arabia (X tons) and Ethiopia (X tons) were the main destinations of non-aqueous paint and varnish exports from Egypt, with a combined 52% share of total exports. Madagascar, the United States, Nigeria, Yemen, the United Arab Emirates, India, Oman, Palestine, Kenya and Kuwait lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +22.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-aqueous paint and varnish exported from Egypt were Libya ($X), Saudi Arabia ($X) and Ethiopia ($X), with a combined 51% share of total exports. Madagascar, the United States, Nigeria, Yemen, India, Oman, Palestine, Kenya, Kuwait and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

The United States, with a CAGR of +24.0%, saw the highest growth rate of the value of exports, among 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

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, picking up by 3.2% against the previous year. In general, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 81% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+13.3%), 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 Egypt

In 2022, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -12.1% to X tons, falling for the third year in a row after eight years of growth. Overall, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-aqueous paint and varnish imports fell to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 71%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), the United Arab Emirates (X tons) and the UK (X tons) were the main suppliers of non-aqueous paint and varnish imports to Egypt, with a combined 53% share of total imports. Germany, France, Turkey, South Korea, Belgium, the United States, Jordan, Spain, the Netherlands and Saudi Arabia lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish suppliers to Egypt were Italy ($X), the United Arab Emirates ($X) and the UK ($X), with a combined 52% share of total imports. Germany, France, Turkey, South Korea, Belgium, Jordan, the United States, Spain, the Netherlands and Saudi Arabia lagged somewhat behind, together comprising a further 43%.

Jordan, with a CAGR of +21.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 non-aqueous paint and varnish import price stood at $X per ton in 2022, picking up by 7.2% against the previous year. Overall, the import price enjoyed temperate growth. The most prominent rate of growth was recorded in 2020 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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