Western Africa: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Western Africa

The West African market for paint, distemper, varnish or similar brushes, paint pads and rollers dropped to $X in 2022, waning by X% against the previous year. The total consumption indicated a moderate increase 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, consumption increased by X% against 2017 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Western Africa

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports in Western Africa

Exports of paint, distemper, varnish or similar brushes, paint pads and rollers reduced modestly to X units in 2022, falling by X% against the previous year. Over the period under review, exports recorded a perceptible setback. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers dropped modestly to $X in 2022. In general, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire dominates rollers structure, finishing at X units, which was near X% of total exports in 2022. Ghana (X units) ranks second in terms of the total exports with a X% share, followed by Sierra Leone (X%). Liberia (X units) and Mali (X units) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the paint, distemper, varnish or similar brushes, paint pads and rollers exports, with a CAGR of X% from 2012 to 2022. At the same time, Sierra Leone (X%) and Liberia (X%) displayed positive paces of growth. By contrast, Ghana (X%) and Mali (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Sierra Leone and Liberia increased by X, X and X percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest paint, distemper, varnish or similar brush, paint pad and roller supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a X% share of total exports. It was followed by Ghana, with an X% share.

In Cote d'Ivoire, exports of paint, distemper, varnish or similar brushes, paint pads and rollers increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, approximately reflecting the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Sierra Leone ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports in Western Africa

After four years of growth, purchases abroad of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by X% to X units in 2022. Over the period under review, imports, however, posted a mild increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers fell notably to $X in 2022. Overall, imports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

Ghana represented the main importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Guinea (X units), Nigeria (X units), Cote d'Ivoire (X units) and Gambia (X units), together constituting a X% share of total imports. The following importers - Sierra Leone (X units) and Liberia (X units) - each recorded a X% share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Gambia (X%), Sierra Leone (X%), Cote d'Ivoire (X%), Guinea (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Guinea, Gambia, Cote d'Ivoire and Sierra Leone increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported paint, distemper, varnish or similar brushes, paint pads and rollers in Western Africa, comprising X% of total imports. The second position in the ranking was held by Guinea ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Gambia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform