Pakistan: 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 Pakistan

The Pakistani non-aqueous paint and varnish market rose sharply to $X in 2022, increasing by 6.9% against the previous year. Overall, consumption recorded prominent growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

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

In value terms, non-aqueous paint and varnish production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 60%. Non-aqueous paint and varnish production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports from Pakistan

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -68.3% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports reduced sharply to $X in 2022. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 8.6% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for non-aqueous paint and varnish exports from Pakistan, accounting for a 95% share of total exports. Moreover, non-aqueous paint and varnish exports to Afghanistan exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan amounted to -16.3%.

In value terms, Afghanistan ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Pakistan, comprising 91% of total exports. The second position in the ranking was taken by Qatar ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to -21.0%.

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, growing by 18% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 22% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Afghanistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-5.6%).

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

Imports into Pakistan

In 2022, purchases abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -10% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 26% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, non-aqueous paint and varnish imports reduced slightly to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +39.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-aqueous paint and varnish to Pakistan, with a 42% share of total imports. Moreover, non-aqueous paint and varnish imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-4.5% per year) and Taiwan (Chinese) (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Pakistan, comprising 38% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Switzerland, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.2% per year) and Switzerland (+17.5% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, surging by 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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