Angola: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Angola

The Angolan market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank slightly to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated a buoyant expansion 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, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Angola

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Angola

Exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Angola shrank rapidly to X kg in 2022, which is down by X% on the previous year. Overall, exports saw a dramatic descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X kg. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X kg) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Angola, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Angola.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to X% per year.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Angola

After two years of decline, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by X% to X tons in 2022. Overall, imports, however, recorded a significant contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $X in 2022. In general, imports, however, continue to indicate a significant contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Angola, with a combined X% share of total imports. Brazil, South Africa, Germany and Namibia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Portugal ($X), China ($X) and Namibia ($X) appeared to be the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Angola, with a combined X% share of total imports. The United Arab Emirates, South Africa, Brazil and Germany lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for Germany ($X 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 Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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