MENA: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in MENA

The MENA's non-aqueous paint and varnish market declined to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in MENA

In value terms, non-aqueous paint and varnish production contracted remarkably to $X in 2022 estimated in export price. In general, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports in MENA

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported in MENA; increasing by X% against the year before. Total exports indicated a strong expansion 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, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-aqueous paint and varnish exports surged to $X in 2022. Total exports indicated a prominent 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the largest exporter of paints and varnishes dispersed or dissolved in a non-aqueous medium in MENA, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Turkey (X tons) held the second position in the ranking, distantly followed by Egypt (X tons). All these countries together took near X% share of total exports. Iran (X tons), Oman (X tons) and Lebanon (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-aqueous paint and varnish exports from the United Arab Emirates stood at X%. At the same time, Iran (X%), Oman (X%), Turkey (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Iran increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-aqueous paint and varnish supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Egypt ($X), together accounting for X% of total exports. Iran, Lebanon and Oman lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 MENA amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined remarkably in the following year.

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 ($X per ton), while the United Arab Emirates ($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 Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports in MENA

In 2022, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-aqueous paint and varnish imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Turkey represented the main importer of paints and varnishes dispersed or dissolved in a non-aqueous medium in MENA, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Saudi Arabia (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Kuwait (X tons), Iraq (X tons) and Morocco (X tons). All these countries together held near X% share of total imports. Bahrain (X tons), Iran (X tons), Israel (X tons), Oman (X tons), Qatar (X tons), Algeria (X tons) and Egypt (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-aqueous paint and varnish imports into Turkey stood at X%. At the same time, Saudi Arabia (X%), Iraq (X%), Iran (X%), Morocco (X%), Algeria (X%), the United Arab Emirates (X%), Bahrain (X%), Kuwait (X%) and Israel (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Qatar, Oman and Egypt experienced a relatively flat trend pattern. Kuwait (X p.p.), Saudi Arabia (X p.p.), Iraq (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar, Egypt and Oman saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported paints and varnishes dispersed or dissolved in a non-aqueous medium in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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