Sudan: Paint And Varnish Market 2024

Paint And Varnish Market Size in Sudan

The Sudanese paint and varnish market stood at $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated a prominent 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paint And Varnish Production in Sudan

In value terms, paint and varnish production fell modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. Paint and varnish production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Paint And Varnish Exports

Exports from Sudan

In 2022, approx. X tons of paints and varnishes were exported from Sudan; with a decrease of X% against 2021 figures. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, paint and varnish exports reduced rapidly to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons) was the main destination for paint and varnish exports from Sudan, accounting for a X% share of total exports. It was followed by Canada (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland totaled X.1%.

In value terms, Switzerland ($X) emerged as the key foreign market for paints and varnishes exports from Sudan, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at X.5%.

Export Prices by Country

In 2022, the average paint and varnish export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Switzerland totaled $X per ton.

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

Paint And Varnish Imports

Imports into Sudan

After two years of decline, purchases abroad of paints and varnishes increased by X% to X tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume 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, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, paint and varnish imports rose rapidly to $X in 2022. Overall, total imports indicated a prominent 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of paint and varnish to Sudan, with a X% share of total imports. Moreover, paint and varnish imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a X% share.

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

In value terms, the United Arab Emirates ($X), Egypt ($X) and Saudi Arabia ($X) were the largest paint and varnish suppliers to Sudan, together comprising X% of total imports.

Among the main suppliers, Egypt, 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

The average paint and varnish import price stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform