United Kingdom: Paint And Varnish Market 2025

Paint And Varnish Market Size in the UK

In 2022, the UK paint and varnish market decreased by -1.4% to $X, falling for the second consecutive year after three years of growth. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Paint And Varnish Production in the UK

In value terms, paint and varnish production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Paint And Varnish Exports

Exports from the UK

In 2022, overseas shipments of paints and varnishes decreased by -2.5% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 11%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, paint and varnish exports reached $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 20%. The exports peaked at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Ireland (X tons) were the main destinations of paint and varnish exports from the UK, together comprising 32% of total exports. Poland, Spain, Turkey, Italy, Belgium, Saudi Arabia, France, Norway, the United States and China lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +11.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Ireland ($X) constituted the largest markets for paint and varnish exported from the UK worldwide, with a combined 30% share of total exports. Italy, Turkey, France, Poland, the United States, Spain, Belgium, Saudi Arabia, China and Norway lagged somewhat behind, together comprising a further 40%.

Belgium, with a CAGR of +8.1%, 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.

Export Prices by Country

The average paint and varnish export price stood at $X per ton in 2022, surging by 4.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into the UK

In 2022, approx. X tons of paints and varnishes were imported into the UK; waning by -8.9% compared with 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 41%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paint and varnish imports rose sharply to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 8.7%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest paint and varnish supplier to the UK, with a 33% share of total imports. Moreover, paint and varnish imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.7% per year) and Italy (+3.4% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes to the UK, comprising 30% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.6% per year) and the Netherlands (+1.3% per year).

Import Prices by Country

In 2022, the average paint and varnish import price amounted to $X per ton, jumping by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 18%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($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 States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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