Pakistan: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Pakistan

The Pakistani market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a noticeable slump. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Pakistan

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. 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.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Pakistan

After five years of growth, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by X% to X tons in 2022. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2021, and then shrank remarkably in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted markedly to $X in 2022. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Pakistan, with a X% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Afghanistan exceeded the volume sent to the second major destination, Qatar (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan totaled X%.

In value terms, Afghanistan ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to X%.

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a slight decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Afghanistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%).

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Pakistan

In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium imported into Pakistan skyrocketed to X tons, growing by X% on the previous year. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Switzerland (X tons) and the UK (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Pakistan, with a combined X% share of total imports.

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

In value terms, Germany ($X), Switzerland ($X) and the UK ($X) appeared to be the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Pakistan, with a combined X% share of total imports.

The UK, with a CAGR of X%, recorded 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 import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($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 United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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