Africa: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Africa

The African market for oil and water paints and varnishes was estimated at $X in 2022, surging by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Oil And Water Paints And Varnishes in Africa

In value terms, production of oil and water paints and varnishes expanded rapidly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Oil And Water Paints And Varnishes

Exports in Africa

Exports of oil and water paints and varnishes shrank to X tons in 2022, waning by X% against the previous year. Overall, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of oil and water paints and varnishes surged to $X in 2022. Over the period under review, exports showed a perceptible curtailment. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Kenya (X tons), Tunisia (X tons) and Cote d'Ivoire (X tons) represented the main exporter of oil and water paints and varnishes in Africa, mixing up X% of total export. Egypt (X tons) held the next position in the ranking, followed by South Africa (X tons) and Uganda (X tons). All these countries together took near X% share of total exports. Zambia (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest oil and water paints and varnishes supplying countries in Africa were Cote d'Ivoire ($X), Egypt ($X) and Kenya ($X), together comprising X% of total exports. Tunisia, South Africa, Zambia and Uganda lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Uganda, with a CAGR of X%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports in Africa

In 2022, the amount of oil and water paints and varnishes imported in Africa contracted markedly to X tons, declining by X% on the year before. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of oil and water paints and varnishes reduced markedly to $X in 2022. In general, imports showed a perceptible descent. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria (X tons) and Senegal (X tons) were the key importers of oil and water paints and varnishes in 2022, recording approx. X% and X% of total imports, respectively. Burkina Faso (X tons) took the next position in the ranking, followed by Ghana (X tons) and Cameroon (X tons). All these countries together took near X% share of total imports. The following importers - Algeria (X tons), Angola (X tons), Niger (X tons), South Africa (X tons), Kenya (X tons), Gambia (X tons), Congo (X tons) and Somalia (X tons) - together made up X% of total imports.

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

In value terms, the largest oil and water paints and varnishes importing markets in Africa were Algeria ($X), South Africa ($X) and Nigeria ($X), with a combined X% share of total imports. Cameroon, Ghana, Kenya, Angola, Gambia, Senegal, Somalia, Congo, Burkina Faso and Niger lagged somewhat behind, together accounting for a further X%.

Niger, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :