Tanzania: 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 Tanzania

The Tanzanian non-aqueous paint and varnish market fell dramatically to $X in 2022, declining by X% 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). In general, consumption, however, continues to indicate significant growth. Non-aqueous paint and varnish consumption peaked at $X in 2021, and then fell notably in the following year.

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

Exports from Tanzania

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported from Tanzania; with an increase of X% on 2021 figures. Overall, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Comoros (X tons), Democratic Republic of the Congo (X tons) and Zambia (X tons) were the main destinations of non-aqueous paint and varnish exports from Tanzania, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Comoros (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-aqueous paint and varnish exported from Tanzania were Comoros ($X), Democratic Republic of the Congo ($X) and Zambia ($X), together comprising X% of total exports.

Comoros, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($X per ton), while the average price for exports to Malawi ($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 Burundi (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Tanzania

Non-aqueous paint and varnish imports into Tanzania dropped sharply to X tons in 2022, waning by X% compared with the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced notably in the following year.

In value terms, non-aqueous paint and varnish imports contracted significantly to $X in 2022. Over the period under review, imports, however, recorded notable growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-aqueous paint and varnish to Tanzania, with a X% share of total imports. Moreover, non-aqueous paint and varnish imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

In value terms, the largest non-aqueous paint and varnish suppliers to Tanzania were Italy ($X), China ($X) and South Africa ($X), with a combined X% share of total imports. Australia, South Korea, the United Arab Emirates, the UK, India, Germany, Egypt, Turkey, Hong Kong SAR and Kenya lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :