Middle East: 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 the Middle East

The Middle Eastern non-aqueous paint and varnish market declined to $X in 2022, dropping 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 in certain years. 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 the Middle East

In value terms, non-aqueous paint and varnish production dropped markedly to $X in 2022 estimated in export price. In general, production enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in the Middle East

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported in the Middle East; increasing by X% compared with the previous year. Overall, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-aqueous paint and varnish exports soared to $X in 2022. Over the period under review, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X tons, which accounted for X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%). The following exporters - Oman (X tons), Lebanon (X tons) and Saudi Arabia (X tons) - each accounted for a X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. 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 the Middle East, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lebanon (X p.p.), Saudi Arabia (X p.p.) and Turkey (X p.p.) displayed negative dynamics. 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 the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), with a combined X% share of total exports.

Iran, 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

The export price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, 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. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined significantly 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 Lebanon ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (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 the Middle East

In 2022, overseas purchases of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, non-aqueous paint and varnish imports expanded notably to $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 in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey represented the largest importing country with an import of around X tons, which reached X% of total imports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Kuwait (X%), Iraq (X%), Bahrain (X%), Iran (X%), Israel (X%) and Oman (X%).

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%), 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 the Middle East, with a CAGR of X% from 2012-2022. Oman experienced a relatively flat trend pattern. Kuwait (X p.p.), Saudi Arabia (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Bahrain, Israel and Oman saw its share reduced by X%, 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 ($X) constitutes the largest market for imported paints and varnishes dispersed or dissolved in a non-aqueous medium in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate 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 the Middle East amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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