Sudan: 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 Sudan

The Sudanese non-aqueous paint and varnish market surged to $X in 2022, rising by 17% against the previous year. Overall, consumption, however, saw a abrupt decline. Non-aqueous paint and varnish consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, non-aqueous paint and varnish production contracted to $X in 2022 estimated in export price. In general, production faced a deep reduction. The growth pace was the most rapid in 2021 when the production volume increased by 11%. Non-aqueous paint and varnish production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Sudan

In 2022, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium were finally on the rise to reach X tons after four years of decline. Over the period under review, exports posted a pronounced expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 138% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports surged to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 180%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X tons) was the main destination for non-aqueous paint and varnish exports from Sudan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Ethiopia amounted to +2.7%.

In value terms, Ethiopia ($X) also remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Sudan.

From 2012 to 2022, the average annual rate of growth in terms of value to Ethiopia was relatively modest.

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, with a decrease of -42.4% against the previous year. In general, the export price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 106%. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Ethiopia amounted to -2.7% per year.

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

Imports into Sudan

In 2022, after two years of decline, there was significant growth in supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume increased by 24% to X tons. Over the period under review, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 32% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish imports soared to $X in 2022. In general, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X tons), the United Arab Emirates (X tons) and Ecuador (X tons) were the main suppliers of non-aqueous paint and varnish imports to Sudan, together accounting for 71% of total imports. Uganda, Turkey, Saudi Arabia, Kuwait, Jordan, China and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Sudan, comprising 46% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Egypt totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+10.1% per year) and the United Arab Emirates (+8.3% per year).

Import Prices by Country

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, waning by -6.5% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-aqueous paint and varnish import price increased by +86.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Uganda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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