Egypt: Paint And Varnish Market 2025

Paint And Varnish Market Size in Egypt

The Egyptian paint and varnish market expanded slightly to $X in 2022, growing by 1.8% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Paint And Varnish Production in Egypt

In value terms, paint and varnish production amounted to $X in 2022 estimated in export price. Overall, production, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 133%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Paint And Varnish Exports

Exports from Egypt

In 2022, shipments abroad of paints and varnishes decreased by -1.5% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a perceptible descent. The growth pace was the most rapid in 2013 with an increase of 31%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, paint and varnish exports declined slightly to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 22%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Libya (X tons) was the main destination for paint and varnish exports from Egypt, with a 32% share of total exports. Moreover, paint and varnish exports to Libya exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by Palestine (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya amounted to -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1.9% per year) and Palestine (+27.1% per year).

In value terms, Libya ($X) remains the key foreign market for paints and varnishes exports from Egypt, comprising 31% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Ethiopia, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1.9% per year) and Ethiopia (+21.6% per year).

Export Prices by Country

In 2022, the average paint and varnish export price amounted to $X per ton, approximately equating the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 112%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Libya (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into Egypt

After three years of decline, purchases abroad of paints and varnishes increased by 4.7% to X tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paint and varnish imports expanded modestly to $X in 2022. Overall, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), the United Arab Emirates (X tons) and the UK (X tons) were the main suppliers of paint and varnish imports to Egypt, with a combined 57% share of total imports. Germany, Turkey, France, the Netherlands, Jordan, China, the United States, Belgium, South Korea and Switzerland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and the United Arab Emirates ($X) were the largest paint and varnish suppliers to Egypt, together comprising 53% of total imports. Germany, Turkey, France, China, Jordan, the United States, Belgium, South Korea, the Netherlands and Switzerland lagged somewhat behind, together accounting for a further 40%.

Switzerland, with a CAGR of +16.6%, recorded the highest rates of growth with regard to 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 paint and varnish import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paint and varnish import price increased by +79.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 64% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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 the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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