Tanzania: 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 Tanzania

In 2022, after two years of growth, there was significant decline in the Tanzanian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when its value decreased by -68.6% to $X. In general, consumption saw a perceptible contraction. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Tanzania

In 2022, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by 824% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Burundi (X tons), Comoros (X tons) and Rwanda (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Tanzania, with a combined 92% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Comoros (with a CAGR of +276.1%), while 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 Tanzania were Burundi ($X), Rwanda ($X) and Kenya ($X), with a combined 90% share of total exports. Comoros and Uganda lagged somewhat behind, together comprising a further 8.4%.

Among the main countries of destination, Comoros, with a CAGR of +280.2%, saw 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

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, surging by 59% against the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 71%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Uganda ($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 Kenya (+48.9%), 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 Tanzania

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -59.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 242% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted rapidly to $X in 2022. In general, imports, however, recorded a modest increase. The growth pace was the most rapid in 2013 with an increase of 168% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Kenya (X tons), Turkey (X tons) and China (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Tanzania, with a combined 68% share of total imports. South Africa, Germany, the United Arab Emirates and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +122.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), South Africa ($X) and China ($X) were the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Tanzania, together accounting for 69% of total imports. The UK, Germany, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 24%.

Germany, with a CAGR of +134.8%, 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 import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, rising by 27% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price 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, import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by +38.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 33%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform