Austria: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Austria

In 2021, the Austrian aqueous paint and varnish market increased by 37% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Austria

In value terms, aqueous paint and varnish production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports from Austria

For the fourth consecutive year, Austria recorded growth in shipments abroad of paints and varnishes dispersed or dissolved in an aqueous medium, which increased by 1.3% to X tons in 2021. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 14% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, aqueous paint and varnish exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 13%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for aqueous paint and varnish exports from Austria, accounting for a 35% share of total exports. Moreover, aqueous paint and varnish exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.0% per year) and Hungary (+1.6% per year).

In value terms, Germany ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in an aqueous medium exports from Austria, comprising 38% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.6% share of total exports. It was followed by the Czech Republic, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.4% per year) and the Czech Republic (-4.0% per year).

Export Prices by Country

In 2021, the average aqueous paint and varnish export price amounted to $X per ton, growing by 7.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 8.5%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports into Austria

In 2021, overseas purchases of paints and varnishes dispersed or dissolved in an aqueous medium increased by 5.9% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 14%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, aqueous paint and varnish imports rose notably to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of aqueous paint and varnish to Austria, accounting for a 79% share of total imports. Moreover, aqueous paint and varnish imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.0% per year) and Italy (+10.8% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in an aqueous medium to Austria, comprising 79% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 3.3% share of total imports. It was followed by Italy, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.5% per year) and Italy (+8.5% per year).

Import Prices by Country

The average aqueous paint and varnish import price stood at $X per ton in 2021, surging by 5.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 16% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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