Algeria: Paint And Varnish Market 2024

Paint And Varnish Market Size in Algeria

The Algerian paint and varnish market contracted slightly to $X in 2022, falling by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Paint And Varnish Production in Algeria

In value terms, paint and varnish production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The pace of growth appeared the most rapid 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 somewhat lower figure.

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Paint And Varnish Exports

Exports from Algeria

In 2022, after two years of decline, there was significant growth in overseas shipments of paints and varnishes, when their volume increased by X% to X tons. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, paint and varnish exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X tons) was the main destination for paint and varnish exports from Algeria, accounting for a X% share of total exports. Moreover, paint and varnish exports to Mauritania exceeded the volume sent to the second major destination, Burkina Faso (X tons), threefold. Niger (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Niger (X% per year).

In value terms, Mauritania ($X), Belgium ($X) and Burkina Faso ($X) constituted the largest markets for paint and varnish exported from Algeria worldwide, with a combined X% share of total exports.

Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paint and varnish export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Nigeria ($X 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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into Algeria

Paint and varnish imports into Algeria expanded modestly to X tons in 2022, with an increase of X% against the previous year. In general, total imports indicated buoyant growth from 2012 to 2022: its volume 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. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, paint and varnish imports declined to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value 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. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), France (X tons) and Italy (X tons) were the main suppliers of paint and varnish imports to Algeria, with a combined X% share of total imports. Spain, Germany, Lebanon, Morocco, Poland, the United Arab Emirates, Belgium, Saudi Arabia, China and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest paint and varnish suppliers to Algeria were Turkey ($X), Italy ($X) and France ($X), with a combined X% share of total imports. Spain, Germany, Belgium, the Netherlands, Poland, Saudi Arabia, Lebanon, the United Arab Emirates, China and Morocco lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average paint and varnish import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform