Egypt: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Egypt

The Egyptian market for paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021, jumping by 62% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a slight setback. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Egypt

Exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Egypt soared to X units in 2021, growing by 19% compared with 2020. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 62%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Egypt, with a 82% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Canada exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The third position in this ranking was held by Ireland (X units), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.7% per year) and Ireland (+139.4% per year).

In value terms, Canada ($X) remains the key foreign market for paint, distemper, varnish or similar brush, paint pad and roller exports from Egypt, comprising 82% of total exports. The second position in the ranking was taken by the UK ($X), with a 6.7% share of total exports. It was followed by Ireland, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.0% per year) and Ireland (+133.3% per year).

Export Prices by Country

The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, surging by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Lebanon ($X per unit) and Ireland ($X per unit), while the average price for exports to Canada ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Egypt

In 2021, imports of paint, distemper, varnish or similar brushes, paint pads and rollers into Egypt soared to X units, rising by 66% against the previous year's figure. In general, imports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of 151%. Over the period under review, imports of attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. Overall, imports showed a modest expansion. The pace of growth was the most pronounced in 2019 with an increase of 99% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of paint, distemper, varnish or similar brush, paint pad and roller to Egypt, accounting for a 93% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.2%.

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Egypt, comprising 90% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2021, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, falling by -13.4% against the previous year. In general, the import price, however, continues to indicate notable growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 72% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%).

Source: IndexBox Market Intelligence Platform

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