Nigeria - Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Aqueous Paint and Varnish in Nigeria - 2022
Contents:
- Price for Aqueous Paint and Varnish in Nigeria (CIF) - 2022
- Price for Aqueous Paint and Varnish in Nigeria (FOB) - 2022
- Imports of Aqueous Paint and Varnish in Nigeria
- Exports of Aqueous Paint and Varnish in Nigeria
Price for Aqueous Paint and Varnish in Nigeria (CIF) - 2022
In 2022, the average aqueous paint and varnish import price amounted to $2,043 per ton, reducing by -13.6% against the previous year. Over the period under review, the import price showed a slight slump. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. The import price peaked at $3,004 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,219 per ton), while the price for Hong Kong SAR ($859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aqueous Paint and Varnish in Nigeria (FOB) - 2022
The average aqueous paint and varnish export price stood at $566 per ton in 2022, declining by -6.3% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 8.7%. The export price peaked at $1,073 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($579 per ton), while the average price for exports to Niger stood at $500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-1.3%), while the prices for the other major destinations experienced a decline.
Imports of Aqueous Paint and Varnish in Nigeria
In 2022, imports of paints and varnishes dispersed or dissolved in an aqueous medium into Nigeria amounted to 3.7K tons, picking up by 3.6% against the year before. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 36%. As a result, imports reached the peak of 4.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, aqueous paint and varnish imports contracted to $7.5M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of $8.4M, and then dropped in the following year.
| Import of Aqueous Paint and Varnish in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 248 | 278 | 4,830 | 3,825 | 148.9% |
| China | 1,250 | 703 | 465 | 958 | -8.5% |
| Turkey | 343 | 1,077 | 551 | 925 | 39.2% |
| United Arab Emirates | 520 | 402 | 634 | 351 | -12.3% |
| Hong Kong SAR | 27.1 | 186 | 160 | 293 | 121.1% |
| Germany | 133 | 702 | 132 | 222 | 18.6% |
| United Kingdom | 2,489 | 1,392 | 153 | 187 | -57.8% |
| Others | 1,104 | 2,170 | 1,450 | 741 | -12.4% |
| Total | 6,113 | 6,910 | 8,373 | 7,501 | 7.1% |
Top Suppliers of Aqueous Paint and Varnish to Nigeria in 2022:
- South Africa (1366.2 tons)
- China (656.5 tons)
- Turkey (574.3 tons)
- Hong Kong SAR (341.4 tons)
- United Kingdom (132.6 tons)
- United Arab Emirates (128.6 tons)
- Germany (94.8 tons)
Exports of Aqueous Paint and Varnish in Nigeria
In 2022, after two years of decline, there was significant growth in overseas shipments of paints and varnishes dispersed or dissolved in an aqueous medium, when their volume increased by 17% to 176 tons. Over the period under review, exports, however, saw a abrupt slump.
In value terms, aqueous paint and varnish exports rose remarkably to $100K in 2022. In general, exports, however, recorded a abrupt downturn.
| Export of Aqueous Paint and Varnish in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 27.6 | 52.4 | 56.2 | 81.9 | 43.7% |
| Niger | 133 | 66.6 | 23.4 | 17.3 | -49.3% |
| Cameroon | N/A | 16.5 | 1.3 | N/A | -92.1% |
| Ghana | 19.3 | N/A | N/A | N/A | 0% |
| Others | 5.9 | N/A | 9.9 | 0.7 | -50.9% |
| Total | 185 | 135 | 90.8 | 99.8 | -18.6% |
Top Export Markets for Aqueous Paint and Varnish from Nigeria in 2022:
- Benin (141.5 tons)
- Niger (34.5 tons)
This report provides an in-depth analysis of the market for aqueous paint and varnish in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
- Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
309
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This report provides an in-depth analysis of the market for aqueous paint and varnish in Nigeria.
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
