Pakistan: Market for Oil And Water Paints And Varnishes 2025

Market Size for Oil And Water Paints And Varnishes in Pakistan

In 2021, the Pakistani market for oil and water paints and varnishes was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2017; afterwards, it flattened through to 2021.

Exports of Oil And Water Paints And Varnishes

Exports from Pakistan

In 2021, overseas shipments of oil and water paints and varnishes were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports of reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of oil and water paints and varnishes soared to $X in 2021. Over the period under review, exports, however, showed a noticeable shrinkage. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for exports of oil and water paints and varnishes from Pakistan, with a 89% share of total exports. Moreover, exports of oil and water paints and varnishes to Afghanistan exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-8.1% per year) and Kazakhstan (-54.4% per year).

In value terms, Afghanistan ($X) emerged as the key foreign market for oil and water paints and varnishes exports from Pakistan, comprising 79% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Afghanistan stood at +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-25.3% per year) and Oman (+13.9% per year).

Export Prices by Country

The average export price for oil and water paints and varnishes stood at $X per ton in 2021, picking up by 37% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for oil and water paints and varnishes increased by +132.2% against 2015 indices. The pace of growth was the most pronounced in 2016 an increase of 40%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+64.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Pakistan

In 2021, the amount of oil and water paints and varnishes imported into Pakistan surged to X tons, jumping by 26% on the previous year's figure. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.9% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 68% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of oil and water paints and varnishes soared to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest oil and water paints and varnishes supplier to Pakistan, accounting for a 61% share of total imports. Moreover, imports of oil and water paints and varnishes from Italy exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. The third position in this ranking was held by Turkey (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.6% per year) and Turkey (+42.5% per year).

In value terms, Italy ($X) constituted the largest supplier of oil and water paints and varnishes to Pakistan, comprising 63% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.8% share of total imports. It was followed by Turkey, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.3% per year) and Turkey (+38.4% per year).

Import Prices by Country

The average import price for oil and water paints and varnishes stood at $X per ton in 2021, jumping by 32% against the previous year. In general, the import price, however, saw a mild curtailment. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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