Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt (FOB) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt (CIF) - 2022
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $6,680 per ton in 2022, picking up by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2015 when the average export price increased by 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($6,680 per ton) and Madagascar ($6,680 per ton), while the average price for exports to Kuwait ($6,680 per ton) and Yemen ($6,680 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt (CIF) - 2022
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,178 per ton in 2022, declining by -13.1% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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, non-aqueous medium decreased by -20.5% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 38% against the previous year. The import price peaked at $6,511 per ton in 2019; however, from 2020 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 the United States ($6,410 per ton), while the price for the United Arab Emirates ($2,937 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt
For the third year in a row, Egypt recorded decline in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, which decreased by -21.1% to 8.6K tons in 2022. Overall, exports continue to indicate a deep setback. The smallest decline of -14.1% was in 2021.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium shrank dramatically to $58M in 2022. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 3.7% against the previous year. As a result, the exports attained the peak of $73M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 18.5 | 19.3 | 15.5 | 13.9 | -9.1% |
| United States | 4.3 | 3.0 | 3.6 | 4.4 | 0.8% |
| Madagascar | N/A | 2.7 | 3.6 | 4.1 | 23.2% |
| India | 3.0 | 2.1 | 2.7 | 3.0 | 0.0% |
| Libya | 1.8 | 2.3 | 2.5 | 2.7 | 14.5% |
| Ethiopia | 0.9 | 1.2 | 1.6 | 2.6 | 42.4% |
| Yemen | 2.3 | 6.4 | 5.1 | 2.0 | -4.6% |
| Nigeria | 4.4 | 3.2 | 2.5 | 1.7 | -27.2% |
| Kuwait | 2.8 | 2.4 | 2.0 | 1.7 | -15.3% |
| United Arab Emirates | 0.9 | 1.0 | 1.2 | 1.4 | 15.9% |
| Palestine | 2.8 | 3.3 | 2.8 | 1.3 | -22.6% |
| Kenya | 3.1 | 3.7 | 2.0 | 1.3 | -25.1% |
| Jordan | 2.5 | 1.7 | 1.8 | 1.2 | -21.7% |
| Others | 23.4 | 21.0 | 24.1 | 16.1 | -11.7% |
| Total | 70.7 | 73.3 | 71.0 | 57.6 | -6.6% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Egypt in 2022:
- Saudi Arabia (2079.0 tons)
- United States (654.9 tons)
- Madagascar (618.7 tons)
- India (452.0 tons)
- Libya (404.6 tons)
- Ethiopia (392.2 tons)
- Yemen (303.7 tons)
- Nigeria (260.1 tons)
- Kuwait (258.6 tons)
- United Arab Emirates (203.3 tons)
- Kenya (199.6 tons)
- Palestine (191.6 tons)
- Jordan (181.7 tons)
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt
In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium imported into Egypt skyrocketed to 1.2K tons, increasing by 79% against the previous year's figure. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium skyrocketed to $6.1M in 2022. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 645 | 323 | 863 | 1,924 | 44.0% |
| United Arab Emirates | 385 | 867 | 1,160 | 1,220 | 46.9% |
| Belgium | 126 | 95.8 | 169 | 438 | 51.5% |
| Jordan | N/A | N/A | 95.6 | 377 | 294.4% |
| United Kingdom | 763 | 105 | 83.0 | 348 | -23.0% |
| Italy | 758 | 168 | 389 | 319 | -25.1% |
| China | 393 | 282 | 204 | 272 | -11.5% |
| Netherlands | 16.8 | 29.6 | 125 | 262 | 149.8% |
| Turkey | 20.3 | 175 | 104 | 230 | 124.6% |
| Thailand | 161 | 43.8 | 176 | 114 | -10.9% |
| Others | 1,126 | 757 | 523 | 558 | -20.9% |
| Total | 4,392 | 2,847 | 3,891 | 6,062 | 11.3% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Egypt in 2022:
- United Arab Emirates (415.4 tons)
- Germany (300.2 tons)
- Belgium (68.4 tons)
- Jordan (58.8 tons)
- United Kingdom (54.3 tons)
- Italy (49.7 tons)
- China (42.4 tons)
- Netherlands (40.9 tons)
- Turkey (35.9 tons)
- Thailand (17.7 tons)
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