Czech Republic: Paint And Varnish Market 2025

Paint And Varnish Market Size in the Czech Republic

The Czech paint and varnish market declined to $X in 2022, reducing by -9.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Paint And Varnish Production in the Czech Republic

In value terms, paint and varnish production soared to $X in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +30.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 94% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Paint And Varnish Exports

Exports from the Czech Republic

In 2022, overseas shipments of paints and varnishes increased by 4.3% to X tons, rising for the second consecutive year after five years of decline. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 33%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, paint and varnish exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of +5.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Slovakia (X tons) was the main destination for paint and varnish exports from the Czech Republic, with a 59% share of total exports. Moreover, paint and varnish exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Hungary (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.4% per year) and Hungary (+3.0% per year).

In value terms, Slovakia ($X) remains the key foreign market for paints and varnishes exports from the Czech Republic, comprising 45% of total exports. The second position in the ranking was held by Hungary ($X), with a 9.8% share of total exports. It was followed by Germany, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+5.8% per year) and Germany (+10.2% per year).

Export Prices by Country

In 2022, the average paint and varnish export price amounted to $X per ton, falling by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Germany ($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 Russia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into the Czech Republic

After five years of decline, purchases abroad of paints and varnishes increased by 5.5% to X tons in 2022. The total import volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 15%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, paint and varnish imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of paint and varnish to the Czech Republic, accounting for a 34% share of total imports. Moreover, paint and varnish imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Poland (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.1% per year) and Poland (+2.4% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes to the Czech Republic, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Poland, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.3% per year) and Poland (+3.3% per year).

Import Prices by Country

In 2022, the average paint and varnish import price amounted to $X per ton, shrinking by -9.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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