Africa: Paint And Varnish Market 2024

Paint And Varnish Market Size in Africa

The African paint and varnish market dropped slightly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Paint And Varnish Production in Africa

In value terms, paint and varnish production shrank to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Paint And Varnish Exports

Exports in Africa

In 2022, exports of paints and varnishes in Africa dropped modestly to X tons, leveling off at 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, paint and varnish exports reached $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

South Africa represented the main exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Egypt (X tons), Cote d'Ivoire (X tons), Kenya (X tons), Tunisia (X tons) and Morocco (X tons), together comprising a X% share of total exports. Uganda (X tons) held a minor share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of paints and varnishes. At the same time, Kenya (X%), Morocco (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%), Uganda (X%) and Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Kenya and Morocco increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest paint and varnish supplying countries in Africa were Egypt ($X), South Africa ($X) and Cote d'Ivoire ($X), together accounting for X% of total exports. Morocco, Kenya, Tunisia and Uganda lagged somewhat behind, together comprising a further X%.

Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Uganda ($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 mixed trends in the export price figures.

Paint And Varnish Imports

Imports in Africa

In 2022, imports of paints and varnishes in Africa reduced to X tons, waning by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, paint and varnish imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The purchases of the twelve major importers of paints and varnishes, namely Morocco, South Africa, Ghana, Algeria, Somalia, Nigeria, Egypt, Burkina Faso, Namibia, Libya, Botswana and Kenya, represented more than half of total import. Senegal (X tons) held a little share of total imports.

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

In value terms, Morocco ($X), South Africa ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Algeria, Libya, Nigeria, Ghana, Namibia, Kenya, Somalia, Botswana, Senegal and Burkina Faso lagged somewhat behind, together comprising a further X%.

Somalia, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Africa amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform