Uganda: 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 Uganda

In 2022, after two years of growth, there was significant decline in the Ugandan market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when its value decreased by -5.8% to $X. Over the period under review, consumption, however, enjoyed a prominent increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

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

Exports from Uganda

In 2022, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium was finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 229% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 130% 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

Democratic Republic of the Congo (X tons) and South Sudan (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Uganda.

From 2012 to 2022, the biggest increases were recorded for South Sudan (with a CAGR of +35.1%).

In value terms, Democratic Republic of the Congo ($X) and South Sudan ($X) constituted the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Uganda worldwide.

South Sudan, with a CAGR of +32.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 36%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to South Sudan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+6.5%), while the prices for the other major destinations experienced a decline.

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

Imports into Uganda

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were imported into Uganda; with an increase of 10% compared with the previous year. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 1,056%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 889%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Kenya (X tons) was the main supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Uganda, accounting for a 91% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Kenya exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Kenya totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+45.7% per year) and China (-15.1% per year).

In value terms, Kenya ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Uganda, comprising 90% of total imports. The second position in the ranking was taken by China ($X), with a 2.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Kenya stood at +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.3% per year) and South Africa (+32.5% per year).

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, with a decrease of -8.9% against the previous year. Overall, import price indicated a pronounced 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, import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by +21.3% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by 80%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform