Tunisia: 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 Tunisia

After three years of growth, the Tunisian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -0.5% to $X in 2022. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21% against the previous year. Over the period under review, production of hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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

Exports from Tunisia

After two years of decline, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by 89% to X tons in 2022. In general, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 218% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $X in 2022. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 293% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Libya (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Tunisia, with a 67% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Libya exceeded the volume sent to the second major destination, Burkina Faso (X tons), ninefold. Gabon (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Libya amounted to -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-8.0% per year) and Gabon (+40.4% per year).

In value terms, Libya ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Tunisia, comprising 70% of total exports. The second position in the ranking was held by Morocco ($X), with a 5.7% share of total exports. It was followed by France, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Libya totaled -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+17.5% per year) and France (+13.4% per year).

Export Prices by Country

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, reducing by -19.4% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by +47.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Burkina Faso ($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 the United Arab Emirates (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Tunisia

In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium into Tunisia surged to X tons, increasing by 21% on the year before. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 74% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 69%. Over the period under review, imports of attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons), France (X tons) and Italy (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Tunisia, together comprising 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Portugal ($X) and France ($X) were the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Tunisia, together comprising 76% of total imports.

Among the main suppliers, France, with a CAGR of +24.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform