Denmark: Market for Oil And Water Paints And Varnishes 2025

Market Size for Oil And Water Paints And Varnishes in Denmark

The Danish market for oil and water paints and varnishes soared to $X in 2021, picking up by 93% against the previous year. Overall, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Oil And Water Paints And Varnishes in Denmark

In value terms, production of oil and water paints and varnishes surged to $X in 2021 estimated in export price. Over the period under review, production saw significant growth. The growth pace was the most rapid in 2013 with an increase of 738% against the previous year. Production of peaked in 2021 and is expected to retain growth in the near future.

Exports of Oil And Water Paints And Varnishes

Exports from Denmark

In 2021, shipments abroad of oil and water paints and varnishes increased by 4% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of oil and water paints and varnishes rose markedly to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 25% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greenland (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of exports of oil and water paints and varnishes from Denmark, together accounting for 76% of total exports. These countries were followed by Finland, Norway, Poland, Switzerland, Faroe Islands and the UK, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, Greenland ($X), Sweden ($X) and Germany ($X) were the largest markets for oil and water paints and varnishes exported from Denmark worldwide, with a combined 70% share of total exports. These countries were followed by Finland, Norway, Poland, Switzerland, Faroe Islands and the UK, which together accounted for a further 24%.

In terms of the main countries of destination, Switzerland, with a CAGR of +24.1%, recorded the highest rates of growth with regard to the value of exports, 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 oil and water paints and varnishes stood at $X per ton in 2021, rising by 6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 26% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to the UK ($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 Norway (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Denmark

In 2021, overseas purchases of oil and water paints and varnishes increased by 76% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 +106.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of oil and water paints and varnishes skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +108.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of oil and water paints and varnishes to Denmark, with a 56% share of total imports. Moreover, imports of oil and water paints and varnishes from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+42.9% per year) and the Netherlands (+5.6% per year).

In value terms, Sweden ($X) constituted the largest supplier of oil and water paints and varnishes to Denmark, comprising 50% of total imports. The second position in the ranking was held by Poland ($X), with a 22% share of total imports. It was followed by the Netherlands, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+44.4% per year) and the Netherlands (+5.5% per year).

Import Prices by Country

In 2021, the average import price for oil and water paints and varnishes amounted to $X per ton, dropping by -9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Germany ($X per ton) and Poland ($X per ton), while the price for Sweden ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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