United Arab Emirates: 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 the United Arab Emirates

The market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in the United Arab Emirates expanded remarkably to $X in 2022, increasing by 11% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value 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, consumption decreased by -6.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in the United Arab Emirates

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded rapidly to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 39%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports from the United Arab Emirates

After two years of growth, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -25.1% to X tons in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell notably to $X in 2022. In general, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 55%. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Bahrain (X tons), India (X tons) and France (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from the United Arab Emirates, with a combined 60% share of total exports. Mozambique, Niger, Uzbekistan, Burundi, Singapore, Egypt and Benin lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +2,296.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from the United Arab Emirates were Bahrain ($X), India ($X) and Uzbekistan ($X), with a combined 54% share of total exports.

Uzbekistan, with a CAGR of +1,503.5%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 an increase of 38%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Mozambique ($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 Angola (+5.3%), 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 the United Arab Emirates

Imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium into the United Arab Emirates declined to X tons in 2022, approximately mirroring 2021 figures. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2015 when imports increased by 41% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank to $X in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.5% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 67% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Germany (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to the United Arab Emirates, with a combined 40% share of total imports. The Netherlands, Italy, Estonia, Turkey and France lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +95.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the United States ($X) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to the United Arab Emirates, with a combined 43% share of total imports. Italy, the Netherlands, Estonia, France and Turkey lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Turkey, with a CAGR of +81.2%, recorded the highest rates of growth with regard to 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, falling by -10.5% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +9.7% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per ton, 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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :