United Arab Emirates: 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 the United Arab Emirates

The non-aqueous paint and varnish market in the United Arab Emirates shrank modestly to $X in 2022, falling by -4.6% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +52.2% against 2014 indices. As a result, consumption attained the peak level of $X, and then fell slightly in the following year.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in the United Arab Emirates

In value terms, non-aqueous paint and varnish production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 18%. Non-aqueous paint and varnish production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports from the United Arab Emirates

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported from the United Arab Emirates; dropping by -4.9% against the previous year. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +2.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 88%. 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 contracted to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +7.2% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 65%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Bahrain (X tons) was the main destination for non-aqueous paint and varnish exports from the United Arab Emirates, with a 58% share of total exports. Moreover, non-aqueous paint and varnish exports to Bahrain exceeded the volume sent to the second major destination, Jordan (X tons), sevenfold. India (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+12.8% per year) and India (+30.0% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from the United Arab Emirates, comprising 46% of total exports. The second position in the ranking was taken by Jordan ($X), with a 14% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Bahrain stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+18.7% per year) and India (+27.6% per year).

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 an increase of 14%. The export price peaked at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Tanzania ($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 Egypt (+7.4%), 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 the United Arab Emirates

Non-aqueous paint and varnish imports into the United Arab Emirates shrank to X tons in 2022, with a decrease of -7.1% on 2021 figures. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 38%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, non-aqueous paint and varnish imports dropped to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +52.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 62%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and India (X tons) were the main suppliers of non-aqueous paint and varnish imports to the United Arab Emirates, together accounting for 28% of total imports. Singapore, China, the UK, Belgium, the Netherlands, France, the United States, South Korea, Egypt and Spain lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +13.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the UK ($X) were the largest non-aqueous paint and varnish suppliers to the United Arab Emirates, with a combined 25% share of total imports. Singapore, India, Belgium, China, the Netherlands, the United States, France, South Korea, Egypt and Spain lagged somewhat behind, together comprising a further 29%.

India, with a CAGR of +10.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, declining by -2.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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