Jordan: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2025

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Jordan

In 2022, the Jordanian non-aqueous paint and varnish market increased by 2.1% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

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

In value terms, non-aqueous paint and varnish production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Jordan

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -27.9% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 40% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports contracted sharply to $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Palestine (X tons) was the main destination for non-aqueous paint and varnish exports from Jordan, accounting for a 38% share of total exports. Moreover, non-aqueous paint and varnish exports to Palestine exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Egypt (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Palestine amounted to -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-5.1% per year) and Egypt (+19.0% per year).

In value terms, Palestine ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Jordan, comprising 37% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 16% share of total exports. It was followed by Egypt, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Palestine totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+3.8% per year) and Egypt (+26.0% per year).

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, rising by 13% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 80%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($X per ton) and India ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Saudi Arabia ($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 Iraq (+21.3%), 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 Jordan

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were imported into Jordan; reducing by -23.6% compared with the previous year's figure. Overall, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-aqueous paint and varnish imports declined to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest non-aqueous paint and varnish supplier to Jordan, with a 49% share of total imports. Moreover, non-aqueous paint and varnish imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Egypt (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.7% per year) and Egypt (+3.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Jordan, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Egypt, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.9% per year) and Egypt (+7.4% per year).

Import Prices by Country

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the period under review, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 45%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Egypt ($X per ton) and the Netherlands ($X per ton), while the price for Italy ($X per ton) and Saudi Arabia ($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 (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform