Kenya: 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 Kenya

The Kenyan non-aqueous paint and varnish market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

Exports from Kenya

In 2022, non-aqueous paint and varnish exports from Kenya shrank significantly to X tons, with a decrease of -26.1% on the year before. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 140% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 147%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Uganda (X tons) and Zambia (X tons) were the main destinations of non-aqueous paint and varnish exports from Kenya, together comprising 69% of total exports. South Sudan, Tanzania, Poland, Somalia, Rwanda, Burundi, Italy, the United Arab Emirates and India lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +82.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-aqueous paint and varnish exported from Kenya were Uganda ($X), Zambia ($X) and Italy ($X), together accounting for 72% of total exports.

Italy, with a CAGR of +89.4%, 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

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, picking up by 9% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-aqueous paint and varnish export price decreased by -0.8% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 31% against the previous year. The export price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Burundi (+25.6%), 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 Kenya

In 2022, overseas purchases of paints and varnishes dispersed or dissolved in a non-aqueous medium were finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a tangible expansion from 2012 to 2022: its volume 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 decreased by -28.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33% 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 modestly to $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +1.9% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 25%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Egypt (X tons) and India (X tons) were the main suppliers of non-aqueous paint and varnish imports to Kenya, together comprising 56% of total imports. China, the United Arab Emirates, Oman, the Netherlands and South Africa lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Egypt ($X) and India ($X) were the largest non-aqueous paint and varnish suppliers to Kenya, together comprising 65% of total imports. China, the Netherlands, the United Arab Emirates, South Africa and Oman lagged somewhat behind, together accounting for a further 22%.

China, with a CAGR of +13.6%, saw 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

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, dropping by -2% against the previous year. Overall, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Oman ($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 (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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