SADC: 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 SADC

The SADC non-aqueous paint and varnish market dropped slightly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, non-aqueous paint and varnish production reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight decline. The growth pace was the most rapid in 2017 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports in SADC

Non-aqueous paint and varnish exports contracted modestly to X tons in 2022, approximately reflecting the previous year's figure. In general, exports recorded a pronounced downturn. The growth pace was the most rapid in 2021 when exports increased by 15%. Over the period under review, the exports attained the peak figure 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 dropped slightly to $X in 2022. Overall, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) was the major exporter of paints and varnishes dispersed or dissolved in a non-aqueous medium in SADC, achieving 96% of total export.

South Africa was also the fastest-growing in terms of the paints and varnishes dispersed or dissolved in a non-aqueous medium exports, with a CAGR of -3.3% from 2012 to 2022. While the share of South Africa (-1.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest non-aqueous paint and varnish supplier in SADC.

In South Africa, non-aqueous paint and varnish exports decreased by an average annual rate of -2.9% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, reducing by -2.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 22%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained 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 +0.3% per year.

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

Imports in SADC

In 2022, imports of paints and varnishes dispersed or dissolved in a non-aqueous medium in SADC reduced to X tons, with a decrease of -5.2% on 2021 figures. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, non-aqueous paint and varnish imports stood at $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 25%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

South Africa (X tons) and Botswana (X tons) represented the main importers of paints and varnishes dispersed or dissolved in a non-aqueous medium in 2022, resulting at approx. 24% and 19% of total imports, respectively. Angola (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (9.6%) and Namibia (6.7%). Mozambique (X tons), Madagascar (X tons), Lesotho (X tons), Zimbabwe (X tons), Swaziland (X tons), Tanzania (X tons), Zambia (X tons) and Mauritius (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lesotho (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported paints and varnishes dispersed or dissolved in a non-aqueous medium in SADC, comprising 45% of total imports. The second position in the ranking was held by Angola ($X), with an 11% share of total imports. It was followed by Botswana, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +3.0%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (-4.8% per year) and Botswana (+3.7% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, surging by 9.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 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 Mauritius ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform