Tunisia: 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 Tunisia

The Tunisian non-aqueous paint and varnish market surged to $X in 2022, increasing by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

Exports from Tunisia

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 for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2016 when exports increased by 169%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports rose notably to $X in 2022. Overall, exports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2016 with an increase of 83% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X tons), Libya (X tons) and the United Arab Emirates (X tons) were the main destinations of non-aqueous paint and varnish exports from Tunisia, with a combined 62% share of total exports. Morocco, Burkina Faso, France, Madagascar, Algeria, Senegal, Niger, Gabon, Gambia and Cote d'Ivoire lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +34.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-aqueous paint and varnish exported from Tunisia were Mauritania ($X), Libya ($X) and Morocco ($X), together accounting for 59% of total exports.

Among the main countries of destination, Morocco, with a CAGR of +26.6%, 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

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, shrinking by -5.9% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 export price decreased by -11.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to the United Arab Emirates ($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 Niger (+13.3%), 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 Tunisia

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were imported into Tunisia; growing by 19% against the year before. In general, imports enjoyed resilient growth. The growth pace was the most rapid in 2020 when imports increased by 57%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-aqueous paint and varnish imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of non-aqueous paint and varnish imports to Tunisia, with a combined 64% share of total imports. Germany, Spain, the United Arab Emirates, Turkey, Portugal, Egypt, China and the UK lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +47.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish suppliers to Tunisia were Italy ($X), France ($X) and Germany ($X), together accounting for 72% of total imports. The Netherlands, Spain, the UK, Egypt, the United Arab Emirates, Portugal, Turkey and China lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Portugal, with a CAGR of +32.8%, 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 non-aqueous paint and varnish import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 11% 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.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform