South Africa: 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 South Africa

The South African non-aqueous paint and varnish market contracted modestly to $X in 2022, shrinking by -1.9% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

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

In value terms, non-aqueous paint and varnish production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a mild contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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

Exports from South Africa

In 2022, non-aqueous paint and varnish exports from South Africa declined slightly to X tons, remaining stable against the previous year's figure. In general, exports showed a pronounced decline. The pace of growth was the most pronounced in 2021 when exports increased by 15%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish exports dropped slightly to $X in 2022. Overall, exports recorded a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 32%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Botswana (X tons) was the main destination for non-aqueous paint and varnish exports from South Africa, accounting for a 29% share of total exports. Moreover, non-aqueous paint and varnish exports to Botswana exceeded the volume sent to the second major destination, Lesotho (X tons), twofold. Mozambique (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Botswana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (+0.2% per year) and Mozambique (+0.1% per year).

In value terms, the largest markets for non-aqueous paint and varnish exported from South Africa were Botswana ($X), Namibia ($X) and Mozambique ($X), together comprising 39% of total exports. Zambia, Zimbabwe, Lesotho, Democratic Republic of the Congo, the United States, Swaziland, Ghana and Kenya lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Zimbabwe, with a CAGR of +4.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, shrinking by -3.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Botswana ($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 Kenya (+6.1%), 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 South Africa

In 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium imported into South Africa fell notably to X tons, waning by -15.9% on 2021 figures. Overall, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +24.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. 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 expanded to $X in 2022. The total import value increased at an average annual rate of +3.0% 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 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of non-aqueous paint and varnish imports to South Africa, with a combined 48% share of total imports. France, the Netherlands, the UK, the United States, Spain, Japan, Austria, Portugal, Greece and Belgium lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +99.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to South Africa, comprising 26% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and the Netherlands (+6.2% per year).

Import Prices by Country

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, increasing by 25% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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