Paint, Wallpaper & Supplies - Haiti

In 2024, the revenue generated in the Paint, Wallpaper & Supplies market in Haiti amounts to US$126.80m.
It is projected that this market segment will experience an annual growth rate of 1.90% (CAGR 2024-2029).
When comparing this revenue to other countries globally, United States generates the highest amount with US$52bn in 2024.
In relation to the total population of Haiti, the per person revenue in 2024 is US$10.68.
The demand for eco-friendly paint products is on the rise in Haiti due to increasing awareness about environmental sustainability.

Definition:

Paints, Wallpaper & Supplies covers a wide-ranged segment of the DIY & Hardware market. Under paint, this includes all types of paint for interior and exterior usage. Wallpaper refers only to wallpaper and does not include wall tiles or wall panels. Supplies include various products which are related to the paint and wallpaper market, focused mainly on cleaning and repairing walls. The segment does not include painting tools, which are included in the Tools & Machines segment instead.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Paint
Wallpapers
Paint supplies
Wallpaper supplies

Wall tiles
Wall panels
Painting tools

The DIY & Hardware Store Market in Haiti is seeing little to no growth due to factors such as economic instability and limited disposable income of consumers. Despite the convenience and potential for growth, the market is hindered by high product costs and low demand for home improvement projects, leading to limited market expansion.

Customer preferences: With the rise in do-it-yourself home improvement projects during the pandemic, there has been a growing preference for eco-friendly and sustainable paint and wallpaper options in the Haiti market. Additionally, there is an increased demand for decorative and artistic wallpaper designs, reflecting a cultural appreciation for vibrant and intricate patterns. This trend is also seen in the growing popularity of DIY tutorials and workshops on painting techniques, catering to a growing segment of young and creative homeowners in the country.

Trends in the market: In Haiti, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a surge in demand for eco-friendly and sustainable products. This trend is in line with the global movement towards environmentally friendly solutions. As more consumers become conscious of their impact on the environment, there is a growing demand for low-VOC paints and biodegradable wallpaper. This shift in consumer preference is expected to continue, driving the growth of eco-friendly options in the market. Additionally, with the rise of e-commerce, there is an increasing focus on making these products readily available online, providing convenience for consumers and opening up new avenues for industry players to reach a wider customer base.

Local special circumstances: In Haiti, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's limited infrastructure and lack of resources. This creates challenges in terms of transportation and distribution, leading to a higher cost of goods. Additionally, cultural preferences for bright and vibrant colors in home decor impact the demand for paint and wallpaper products. Government regulations on imports and taxes also affect the availability and affordability of these products.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Haiti is also impacted by macroeconomic factors such as the country's economic stability, government policies on trade and investment, and overall economic growth. Despite facing challenges such as natural disasters and political instability, Haiti's economy has shown signs of recovery in recent years thanks to international aid and a growing tourism industry. However, limited access to credit and a high poverty rate remain obstacles for the market's potential growth.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The global paint and coatings industry is a major subset of the international chemical industry. Coatings refer broadly to any type of covering that is applied to an object's surface for functional or decorative reasons, or both. Paints are a subset of coatings that are also used as a protective coating or as a decorative, colorful coating. In 2023, the global paint and coatings industry was estimated to be valued at some 179.98 billion U.S. dollars. It is forecast that by 2032 the sector’s market value will surpass 255.59 billion U.S. dollars. Market growth is mainly driven by increasing demand in the construction industry, with the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings markets also driving demand growth.