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Spain - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2025

Spain - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights

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Jul 27, 2023

Record-breaking Price: $4,396 per Ton for Paint and Varnish in Spain

Spain Paint and Varnish Export Price in April 2023

In April 2023, the paint and varnish price stood at $4,396 per ton (FOB, Spain), rising by 5.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 25% m-o-m. Over the period under review, the average export prices hit record highs in April 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,567 per ton), while the average price for exports to the Dominican Republic ($2,110 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Paint and Varnish in Spain (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
United States6,1345,9545,9235,9545,8185,9608,3455,9405,9716,4666,2065,9136,567
Italy5,2845,2075,1804,9695,4865,5615,3005,0535,5585,6405,8116,0215,774
Germany4,4714,1024,9784,3665,1904,9323,9244,2604,9134,6134,8414,0935,027
Poland4,1073,9804,4594,0713,5184,1013,8244,8194,3294,1114,2794,5104,751
Belgium4,2693,9934,3864,6863,7223,9903,7234,5813,6044,4734,9185,0994,684
Morocco3,3253,7803,6603,6163,7833,5973,7093,9585,0123,2663,7254,3504,374
France4,0353,8634,4324,2274,2033,8794,0664,0344,2854,4434,6454,1994,323
Portugal3,8563,7523,8203,2193,5003,6593,4983,9324,1201,9913,8293,7284,280
Netherlands4,1713,2243,9843,9213,7513,9134,1164,0594,7824,4855,0704,6433,978
United Kingdom3,8553,3943,7473,4544,1153,7972,7943,5503,3884,4084,3333,7803,844
Turkey3,4813,4134,5633,5714,2903,5763,9103,4274,7343,8824,1353,5843,794
Czech Republic2,1342,2392,3303,1952,4942,2612,3972,4692,4772,5332,3352,1352,264
Dominican Republic2,0501,9171,7782,2881,8461,5871,6601,5061,7561,6673,2482,6092,110
Average3,9773,8164,1253,8763,9603,8803,8023,9474,0373,5204,3854,1564,396

Spain Paint and Varnish Exports

In April 2023, the amount of paints and varnishes exported from Spain shrank notably to 17K tons, which is down by -20.7% against the previous month's figure. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 with an increase of 46% m-o-m.

In value terms, paint and varnish exports dropped markedly to $73M (IndexBox estimates) in April 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 with an increase of 43% against the previous month.

Spain Paint and Varnish Exports by Country

France (2.8K tons), Portugal (2.7K tons) and Germany (1.4K tons) were the main destinations of paint and varnish exports from Spain, together accounting for 41% of total exports. These countries were followed by the UK, Italy, Poland, Belgium, the Netherlands, Turkey, Morocco, the Czech Republic, the United States and the Dominican Republic, which together accounted for a further 34%.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +2.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($12M), Portugal ($11M) and Germany ($7.2M) constituted the largest markets for paint and varnish exported from Spain worldwide, with a combined 42% share of total exports. These countries were followed by Italy, the UK, Poland, Belgium, the Netherlands, Morocco, the United States, Turkey, the Czech Republic and the Dominican Republic, which together accounted for a further 33%.

Belgium, with a CAGR of +2.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the paint and varnish market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
  • Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
  • Prodcom 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
  • Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
  • Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
  • Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
  • Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
  • Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.
  • Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
  • Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)

Country coverage:

  • Spain

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Spain
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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