South Africa - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Oil and Water Paints and Varnishes in South Africa - 2023
Contents:
- Price for Oil and Water Paints and Varnishes in South Africa (CIF) - 2022
- Price for Oil and Water Paints and Varnishes in South Africa (FOB) - 2022
- Imports of Oil and Water Paints and Varnishes in South Africa
- Exports of Oil and Water Paints and Varnishes in South Africa
Price for Oil and Water Paints and Varnishes in South Africa (CIF) - 2022
The average import price for oil and water paints and varnishes stood at $5,339 per ton in 2022, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 33% against the previous year. The import price peaked at $6,308 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Netherlands ($11,352 per ton), while the price for the UK ($2,359 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 States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil and Water Paints and Varnishes in South Africa (FOB) - 2022
In 2022, the average export price for oil and water paints and varnishes amounted to $4,060 per ton, surging by 35% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level 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 Madagascar ($19,342 per ton), while the average price for exports to Lesotho ($810 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 Madagascar (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil and Water Paints and Varnishes in South Africa
In 2022, approx. 459 tons of oil and water paints and varnishes were imported into South Africa; dropping by -15.1% compared with 2021. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 49%.
In value terms, imports of oil and water paints and varnishes fell to $2.4M in 2022. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 33%.
| Import of Oil and Water Paints and Varnishes in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 340 | 206 | 438 | 441 | 9.1% |
| Sweden | 533 | 387 | 635 | 385 | -10.3% |
| Italy | 581 | 293 | 468 | 351 | -15.5% |
| United States | 359 | 108 | 217 | 259 | -10.3% |
| Turkey | 195 | 460 | 6.1 | 219 | 3.9% |
| United Kingdom | 282 | 118 | 138 | 193 | -11.9% |
| China | 58.8 | 166 | 208 | 135 | 31.9% |
| Singapore | 94.9 | 60.5 | 105 | 66.5 | -11.2% |
| Spain | 166 | 6.5 | 33.5 | 65.3 | -26.7% |
| Netherlands | 250 | 93.1 | 169 | 57.9 | -38.6% |
| India | 30.9 | 12.3 | 15.4 | 20.1 | -13.4% |
| Greece | 50.6 | 3.9 | 265 | 1.5 | -69.1% |
| Egypt | 126 | N/A | N/A | N/A | 0% |
| Others | 234 | 254 | 177 | 255 | 2.9% |
| Total | 3,302 | 2,167 | 2,876 | 2,449 | -9.5% |
Top Suppliers of Oil and Water Paints and Varnishes to South Africa in 2022:
- Italy (95.1 tons)
- United Kingdom (81.6 tons)
- Germany (65.4 tons)
- China (48.7 tons)
- Sweden (37.4 tons)
- Turkey (36.9 tons)
- United States (30.4 tons)
- Spain (11.8 tons)
- Singapore (9.3 tons)
- India (8.9 tons)
- Netherlands (5.1 tons)
- Greece (0.3 tons)
Exports of Oil and Water Paints and Varnishes in South Africa
In 2022, the amount of oil and water paints and varnishes exported from South Africa declined remarkably to 214 tons, with a decrease of -45.3% on the year before. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 29%.
In value terms, exports of oil and water paints and varnishes reduced remarkably to $870K in 2022. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 5%.
| Export of Oil and Water Paints and Varnishes in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 0.1 | N/A | N/A | 334 | 1394.8% |
| Swaziland | 104 | 14.7 | 50.2 | 86.4 | -6.0% |
| Botswana | 78.1 | 58.6 | 126 | 84.5 | 2.7% |
| Zimbabwe | 55.9 | 45.9 | 74.6 | 56.5 | 0.4% |
| Namibia | 223 | 466 | 121 | 45.2 | -41.3% |
| Lesotho | 225 | 143 | 51.3 | 41.9 | -42.9% |
| Zambia | 93.6 | 26.1 | 39.9 | 33.9 | -28.7% |
| Gabon | 1.6 | 0.3 | N/A | 28.4 | 160.9% |
| Cameroon | N/A | N/A | 24.6 | 21.9 | -11.0% |
| Mozambique | 146 | 284 | 28.3 | 17.4 | -50.8% |
| Democratic Republic of the Congo | 48.9 | 13.1 | 221 | 3.7 | -57.7% |
| Others | 325 | 71.9 | 443 | 116 | -29.1% |
| Total | 1,301 | 1,124 | 1,180 | 870 | -12.6% |
Top Export Markets for Oil and Water Paints and Varnishes from South Africa in 2022:
- Lesotho (51.7 tons)
- Botswana (36.7 tons)
- Swaziland (35.1 tons)
- Madagascar (17.3 tons)
- Gabon (12.4 tons)
- Cameroon (11.3 tons)
- Zimbabwe (9.9 tons)
- Namibia (8.9 tons)
- Zambia (7.8 tons)
- Mozambique (5.0 tons)
- Democratic Republic of the Congo (1.4 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes in South Africa. 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 20302213 - Oil paints and varnishes (including enamels and lacquers)
- Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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
-
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
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