South Africa: Paint And Varnish Market 2025

Paint And Varnish Market Size in South Africa

The South African paint and varnish market reached $X in 2022, picking up by 3.1% against the previous year. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Paint and varnish consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paint And Varnish Production in South Africa

In value terms, paint and varnish production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Paint And Varnish Exports

Exports from South Africa

In 2022, exports of paints and varnishes from South Africa dropped modestly to X tons, shrinking by -4.8% against 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, paint and varnish exports declined to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Botswana (X tons), Namibia (X tons) and Mozambique (X tons) were the main destinations of paint and varnish exports from South Africa, with a combined 58% share of total exports. Lesotho, Swaziland, Zambia, Nigeria, Zimbabwe, Malawi, Ghana and the United States lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +5.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paint and varnish exported from South Africa were Namibia ($X), Botswana ($X) and Mozambique ($X), together accounting for 47% of total exports. Zambia, Zimbabwe, Nigeria, Lesotho, Swaziland, the United States, Malawi and Ghana lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Nigeria, with a CAGR of +6.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paint and varnish export price stood at $X per ton in 2022, with a decrease of -2.9% against the previous year. In general, the export price saw a mild slump. The growth pace was the most rapid in 2021 an increase of 17% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malawi ($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 Zimbabwe (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into South Africa

In 2022, the amount of paints and varnishes imported into South Africa dropped to X tons, falling by -6.1% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, paint and varnish imports stood at $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of paint and varnish to South Africa, accounting for a 24% share of total imports. Moreover, paint and varnish imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. China (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.7% per year) and China (+10.9% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes to South Africa, comprising 30% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.3% per year) and the Netherlands (+1.4% per year).

Import Prices by Country

In 2022, the average paint and varnish import price amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 the United States (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :