SADC: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in SADC

The SADC market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded slightly to $X in 2022, growing by 2.5% against the previous year. Overall, consumption, however, recorded a noticeable curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in SADC

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 11%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports in SADC

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were exported in SADC; dropping by -2.3% compared with 2021 figures. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

In 2022, South Africa (X tons) represented the key exporter of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in SADC, achieving 98% of total export.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +1.7%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with a decrease of -10.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2013 when the export price increased by 39%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +1.5% per year.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports in SADC

After six years of growth, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -4.5% to X tons in 2022. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 2017 with an increase of 29% against the previous year. The volume of import peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped to $X in 2022. Overall, imports, however, saw slight growth. The pace of growth was the most pronounced in 2017 when imports increased by 23%. Over the period under review, imports of reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Mozambique (X tons) represented the largest importer of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, committing 32% of total imports. South Africa (X tons) held the second position in the ranking, distantly followed by Namibia (X tons), Botswana (X tons), Democratic Republic of the Congo (X tons), Zambia (X tons) and Swaziland (X tons). All these countries together held approx. 48% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to paints and varnishes, based on acrylic or vinyl polymers, aqueous medium imports into Mozambique stood at +13.2%. At the same time, Democratic Republic of the Congo (+38.8%), Namibia (+15.6%), Botswana (+8.6%) and Zambia (+5.8%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +38.8% from 2012-2022. South Africa experienced a relatively flat trend pattern. By contrast, Swaziland (-4.0%) illustrated a downward trend over the same period. While the share of Mozambique (+19 p.p.), Democratic Republic of the Congo (+6.4 p.p.), Namibia (+5.2 p.p.) and Botswana (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Swaziland (-5.2 p.p.) and South Africa (-8.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Mozambique ($X) and Namibia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 58% of total imports. Botswana, Zambia, Democratic Republic of the Congo and Swaziland lagged somewhat behind, together accounting for a further 22%.

Democratic Republic of the Congo, with a CAGR of +31.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, which is down by -2.7% against the previous year. Overall, the import price recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform