Wesh Nadafa revives paint sales ahead of Eid al-Fitr: the local product is winning.
Sales increased in the building materials and paints market a few days before the Eid al-Fitr holiday, due to the desire of many Egyptian families to provide an atmosphere of joy and purity in homes before Eid.
Traders of building materials in the Chambers of Commerce expected a noticeable recovery in the summer due to marriages and the return of workers abroad during the upcoming holidays, as people make up 60% of building materials purchases.
Significant increase in demand for paints
Ahmed Al-Zeini, head of the General Administration of Building Materials in the Chambers of Commerce, confirmed to Al-Watan that a significant increase in the demand for paints has occurred during this period. In order to decorate homes before Eid al-Fitr, which led to the recovery of sales, as there are more than 10 companies in the market that have a large share and have competitive components and ability to compete and are divided into several types: building paints and cosmetics, which represent 85% of the market, followed by the oil industry, heavy industries and automobiles and shipping.
Al-Zayni indicated that consumption in Egypt exceeded 160 thousand tons annually, and production capacity exceeded 270 thousand tons annually, adding that due to the entry of international companies into the Egyptian market, there was strong competition in prices and quality.
The head of the General Administration of Building Materials in the Chamber of Commerce said that there is stability in prices and local production is very large, despite the presence of items imported from abroad, but their percentage is limited.
Increasing demand in summer and holiday season
Al-Zayni expected an increase in paint sales during the summer months, with school holidays and the return of workers abroad, either due to the increase in marriages during this period, or because summer is one of the preferred months for those who wish to renovate their home. Apartments because of the financial burden on families is declining.
He pointed out that the demand for economic products is now strong compared to luxury, stressing that local products are more desirable than imported products due to the low prices.
The price per square meter of 3D epoxy coating ranges between 400 and 500 pounds.
The price of two pax ranged between 155 and 777 pounds.
-Kim Ton color for 210 pounds
-Jotun Fenomastic Paint 315 EGP
-Stretch paint pakin at 25 pounds
Seton bucket paints, priced between £250 and £275 –
A bucket of insulating latex is priced between 1800, 230 and 260 pounds.
-Alpha plastic bucket No. 616 includes between 150 and 165 pounds