MENA: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in MENA

The MENA's polishes for coachwork market declined to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Polishes For Coachwork Production in MENA

In value terms, polishes for coachwork production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Polishes For Coachwork Exports

Exports in MENA

For the seventh consecutive year, MENA recorded growth in shipments abroad of polishes for coachwork, which increased by X% to X tons in 2022. Total exports indicated a noticeable expansion 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, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, polishes for coachwork exports expanded to $X in 2022. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey represented the major exporter of polishes for coachwork in MENA, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total exports. The following exporters - Iran (X tons) and Saudi Arabia (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polishes for coachwork exports from Turkey stood at X%. At the same time, Iran (X%), the United Arab Emirates (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest polishes for coachwork supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, polishes for coachwork exports expanded 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: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price posted a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 the United Arab Emirates ($X per ton), while Saudi Arabia ($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 other leaders experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports in MENA

Polishes for coachwork imports declined slightly to X tons in 2022, waning by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, polishes for coachwork imports declined modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of polishes for coachwork imports in 2022 were Saudi Arabia (X tons), the United Arab Emirates (X tons), Iraq (X tons) and Turkey (X tons), together recording X% of total import. It was distantly followed by Morocco (X tons), comprising a X% share of total imports. Israel (X tons), Libya (X tons), Algeria (X tons), Tunisia (X tons), Bahrain (X tons) and Oman (X tons) followed a long way behind the leaders.

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

In value terms, the largest polishes for coachwork importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Iraq, Israel, Morocco, Algeria, Oman, Bahrain, Tunisia and Libya lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Israel, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in MENA amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Libya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform