Report Update: Nov 1, 2024

World - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights

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Oil and water paints and varnishes market

Oil and water paints and varnishes market: download the most recent information secured by an Ai-driven business intelligence platform. Facts and figures provide trade, consumption, market prices, production, companies, imports, exports, and market size. There is a split by region, including the Middle East, EU, Russia, Latin America, the U.K., Africa, the U.S., and China. Market trends and outlook to 2030 are also featured in the snapshots.

Oil and Water Paints and Varnishes - World's Largest Markets

Rating	Country
1	China
2	United States
3	Japan
4	Germany
5	Indonesia

In value terms, the largest oil and water paints and varnishes markets worldwide were China, the United States and Japan, together comprising 52% of the global market. These countries were followed by Germany, Indonesia, Italy, South Korea, Russia, Thailand, Iran, Egypt and Turkey, which together accounted for a further 27%.

In terms of the main consuming countries, Indonesia recorded the highest growth rate of market size, over the period under review, while market of oil and water paints and varnishes for the other global leaders experienced more modest paces of growth.

Oil And Water Paints And Varnishes Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Belarus	2053	1559	1715	-8.6%
Spain	3021	2869	2729	-5.0%
Turkey	2733	2923	3084	6.2%
Belgium	2776	3452	3158	6.7%
China	3401	3678	3628	3.3%
Italy	3956	3740	3635	-4.1%
Singapore	4927	4707	3968	-10.3%
Taiwan (Chinese)	4222	4085	4016	-2.5%
Netherlands	4574	4326	4740	1.8%
Germany	6299	6005	6387	0.7%
South Korea	9097	7276	7537	-9.0%
Switzerland	7261	7056	7641	2.6%
United States	6008	7184	7901	14.7%
Average	4559	4429	4610	0.6%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($7,901 per ton), while Belarus ($1,715 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Thailand	6290	5979	5710	-4.7%
United Kingdom	4227	4524	5631	15.4%
Germany	5092	5025	5567	4.6%
Vietnam	4321	4439	5089	8.5%
Poland	4350	4580	5028	7.5%
France	4301	4049	4216	-1.0%
Italy	3839	4002	4203	4.6%
Russia	4651	4224	4144	-5.6%
Turkey	5039	4044	4132	-9.4%
Spain	4272	3644	3929	-4.1%
China	2379	3127	3516	21.6%
Romania	3650	2986	2501	-17.2%
Japan	2024	1678	1570	-11.9%
Average	3710	3766	4026	4.2%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Thailand ($5,710 per ton), while Japan ($1,570 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Oil and Water Paints and Varnishes - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
China	76	87	74	-1.6%
Poland	33	35	46	18.2%
United Kingdom	33	32	34	2.1%
Russia	30	30	31	1.1%
Spain	32	32	30	-2.7%

In value terms, China ($74M), Poland ($46M) and the UK ($34M) constituted the countries with the highest levels of imports in 2020, with a combined 19% share of global imports. Russia, Spain, Germany, Turkey, Vietnam, Thailand, France, Japan, Italy and Romania lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Thailand recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Oil and Water Paints and Varnishes - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Germany	115	113	118	1.3%
United States	69	61	58	-8.3%
Italy	56	57	51	-4.4%
Taiwan (Chinese)	59	46	46	-12.1%
Switzerland	47	44	37	-11.4%

In value terms, Germany ($118M) remains the largest oil and water paints and varnishes supplier worldwide, comprising 18% of global exports. The second position in the ranking was occupied by the United States ($58M), with a 9% share of global exports. It was followed by Italy, with a 8% share.

In Germany, exports of oil and water paints and varnishes expanded at an average annual rate of +1.3% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United States (-8.3% per year) and Italy (-4.4% per year).

Oil and Water Paints and Varnishes - Market Forecast

Driven by increasing demand for oil and water paints and varnishes worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Oil and Water Paints and Varnishes - Product Coverage

HS 3210 - Paints and varnishes (including enamels, lacquers and distempers), excluding those of heading no. 3209, prepared water pigments of a kind used for finishing leather

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for oil and water paints and varnishes. 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 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023