Croatia: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Croatia

The Croatian market for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X in 2021, growing by 3.6% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +1.6% against 2018 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Croatia

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021 estimated in export price. Overall, production, however, saw a significant curtailment. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Croatia

In 2021, the amount of paint, distemper, varnish or similar brushes, paint pads and rollers exported from Croatia contracted to X units, falling by -11.4% against the previous year. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 146%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers fell dramatically to $X in 2021. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 202%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units), Slovenia (X units) and Montenegro (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Croatia, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Slovenia ($X) and Montenegro ($X) appeared to be the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Croatia worldwide, with a combined 92% share of total exports.

Slovenia, with a CAGR of +12.2%, saw the highest rates of growth with regard to the value of exports, among 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 export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, with a decrease of -6.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to North Macedonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Croatia

After four years of growth, overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -6.6% to X units in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 23% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2020, and then dropped in the following year.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers expanded to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +1.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest paint, distemper, varnish or similar brush, paint pad and roller supplier to Croatia, with a 35% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from the Czech Republic exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was held by Germany (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.5% per year) and Germany (+10.6% per year).

In value terms, the largest paint, distemper, varnish or similar brush, paint pad and roller suppliers to Croatia were Germany ($X), the Czech Republic ($X) and Italy ($X), with a combined 64% share of total imports. Turkey, Slovenia, Poland, Bulgaria and China lagged somewhat behind, together accounting for a further 33%.

Bulgaria, with a CAGR of +68.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, with an increase of 12% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform