Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania - 2022
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania (CIF) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania (FOB) - 2022
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania (CIF) - 2022
In 2022, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,773 per ton, reducing by -3.2% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for paints and varnishes, based on polyesters, non-aqueous medium increased by +59.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 50%. The import price peaked at $3,973 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Italy ($6,272 per ton), while the price for China ($861 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania (FOB) - 2022
In 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,594 per ton, leveling off at the previous year. Overall, the export price showed a notable increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 33%. Over the period under review, the average export prices reached the maximum at $5,263 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($47,615 per ton), while the average price for exports to Democratic Republic of the Congo ($910 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 Zambia (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania
In 2022, supplies from abroad of paints and varnishes, based on polyesters, non-aqueous medium was finally on the rise to reach 151 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt contraction.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium soared to $568K in 2022. Overall, imports, however, recorded a noticeable decrease.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 144 | 163 | 142 | 325 | 31.2% |
| South Africa | 129 | 91.1 | 69.8 | 155 | 6.3% |
| China | 9.3 | 3.9 | 7.2 | 39.8 | 62.4% |
| United Arab Emirates | 17.9 | 30.7 | 13.3 | 25.0 | 11.8% |
| Egypt | 19.8 | 13.8 | 9.1 | 5.0 | -36.8% |
| Kenya | 60.9 | 56.7 | 54.6 | 1.1 | -73.8% |
| Spain | 92.2 | 23.4 | 33.4 | N/A | -39.8% |
| Saudi Arabia | 71.4 | 47.8 | 46.1 | N/A | -19.6% |
| Others | 92.9 | 32.3 | 103 | 17.3 | -42.9% |
| Total | 637 | 463 | 479 | 568 | -3.7% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Tanzania in 2022:
- Italy (51.9 tons)
- China (46.2 tons)
- South Africa (34.0 tons)
- United Arab Emirates (13.8 tons)
- Egypt (2.8 tons)
- Kenya (0.2 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania
Exports of paints and varnishes, based on polyesters, non-aqueous medium from Tanzania declined dramatically to 4.5 tons in 2022, waning by -47.4% compared with 2021. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,831%. As a result, the exports reached the peak of 8.6 tons, and then dropped rapidly in the following year.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium reduced markedly to $16K in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,784%. As a result, the exports attained the peak of $31K, and then dropped markedly in the following year.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 2.4 | 0.7 | 17.6 | 9.9 | 60.4% |
| Democratic Republic of the Congo | 1.4 | 0.3 | 6.8 | 3.1 | 30.3% |
| Zambia | 0.4 | 0.1 | 3.0 | 1.4 | 51.8% |
| Burundi | 0.3 | 0.1 | 2.6 | 1.3 | 63.0% |
| Malawi | 1.1 | 0.1 | 0.7 | 0.4 | -28.6% |
| Others | 0.5 | 0.3 | 0.4 | 0.2 | -26.3% |
| Total | 6.0 | 1.6 | 30.9 | 16.3 | 39.5% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Tanzania in 2022:
- Democratic Republic of the Congo (3385.0 kg)
- Malawi (393.0 kg)
- Burundi (283.0 kg)
- Rwanda (208.0 kg)
- Zambia (197.0 kg)
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