United Arab Emirates: 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 United Arab Emirates

In 2022, the non-aqueous paint and varnish market in the United Arab Emirates decreased by X% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption showed a slight reduction. Over the period under review, the market attained the peak 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 United Arab Emirates

In value terms, non-aqueous paint and varnish production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a strong 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Non-aqueous paint and varnish production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports from the United Arab Emirates

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported from the United Arab Emirates; rising by X% against 2021 figures. In general, exports posted a resilient expansion. 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 soared to $X in 2022. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Iraq (X tons), Democratic Republic of the Congo (X tons) and Kuwait (X tons) were the main destinations of non-aqueous paint and varnish exports from the United Arab Emirates, with a combined X% share of total exports. Saudi Arabia, Somalia, Bahrain, Tanzania, Oman, Cameroon, Gambia, Senegal and Burkina Faso lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for non-aqueous paint and varnish exported from the United Arab Emirates were Saudi Arabia ($X), Kuwait ($X) and Iraq ($X), with a combined X% share of total exports. Bahrain, Oman, Somalia, Senegal, Democratic Republic of the Congo, Cameroon, Tanzania, Gambia and Burkina Faso lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Gambia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Burkina Faso ($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 Gambia (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 the United Arab Emirates

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 three 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 most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, non-aqueous paint and varnish imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Malaysia (X tons) were the main suppliers of non-aqueous paint and varnish imports to the United Arab Emirates, together accounting for X% of total imports.

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

In value terms, Germany ($X), Italy ($X) and the UK ($X) constituted the largest non-aqueous paint and varnish suppliers to the United Arab Emirates, together accounting for X% of total imports. India, Malaysia, the United States, the Netherlands, Saudi Arabia, China, Belgium, South Korea, Oman and Vietnam lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Oman ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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