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Report Nigeria - Paints and Varnishes Dispersed or Dissolved in A Non-Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

Nigeria - Paints and Varnishes Dispersed or Dissolved in A Non-Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: 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 Nigeria

After two years of growth, the Nigerien non-aqueous paint and varnish market decreased by X% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

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

Exports from Nigeria

In 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium exported from Nigeria shrank sharply to X tons, declining by X% compared with the previous year's figure. Overall, exports saw a abrupt shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports contracted significantly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

Benin (X tons) was the main destination for non-aqueous paint and varnish exports from Nigeria, with a X% share of total exports. Moreover, non-aqueous paint and varnish exports to Benin exceeded the volume sent to the second major destination, South Africa (X tons), ninefold.

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

In value terms, Benin ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Benin stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Niger (X% per year).

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, saw a resilient expansion. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger ($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 Benin (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Nigeria

After two years of growth, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, non-aqueous paint and varnish imports contracted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), South Africa (X tons) and Italy (X tons) were the main suppliers of non-aqueous paint and varnish imports to Nigeria, together comprising X% of total imports. The UK, the United Arab Emirates, Germany, Egypt, India, the United States, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, South Africa ($X), the United Arab Emirates ($X) and China ($X) appeared to be the largest non-aqueous paint and varnish suppliers to Nigeria, together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of non-aqueous paint and varnish consumption was China, accounting for 25% of total volume. Moreover, non-aqueous paint and varnish consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 11% share.
China remains the largest non-aqueous paint and varnish producing country worldwide, accounting for 25% of total volume. Moreover, non-aqueous paint and varnish production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with an 11% share.
In value terms, the largest non-aqueous paint and varnish suppliers to Nigeria were South Africa, the United Arab Emirates and China, together accounting for 49% of total imports.
In value terms, Benin remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Nigeria, comprising 97% of total exports. The second position in the ranking was held by South Africa, with a 1.7% share of total exports.
In 2022, the average non-aqueous paint and varnish export price amounted to $4,205 per ton, which is down by -7.4% against the previous year.
The average non-aqueous paint and varnish import price stood at $2,177 per ton in 2022, approximately equating the previous year.

This report provides an in-depth analysis of the market for non-aqueous paint and varnish in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
  • Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
  • Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
  • Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
  • Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
  • Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.

Country coverage:

  • Nigeria

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Nigeria
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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Free Data: Non-Aqueous Paint And Varnish - Nigeria
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