Denmark: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Denmark

The Danish market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X in 2022, growing by 7.7% against the previous year. Over the period under review, consumption, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2019 with an increase of 9.6% against the previous year. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Denmark

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 5.5% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Denmark

In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Denmark reduced to X tons, waning by -6.6% against the previous year's figure. The total export volume increased at an average annual rate of +3.2% 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 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Sweden (X tons), Poland (X tons) and Germany (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Denmark, together accounting for 77% of total exports. France, Norway, the UK, the Netherlands, Estonia, Finland, Lithuania and China lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +15.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Poland ($X) and Germany ($X) were the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Denmark worldwide, together comprising 68% of total exports. Norway, France, the UK, Estonia, Finland, Lithuania, the Netherlands and China lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, Lithuania, with a CAGR of +12.0%, saw 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

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, flattening at the previous year. In general, the export price recorded a mild downturn. The pace of growth appeared the most rapid in 2018 an increase of 9.5%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden ($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 China (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Denmark

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 12%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Denmark, with a 47% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Norway (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.0% per year) and Norway (+8.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Denmark, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Norway, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.3% per year) and Norway (+8.3% per year).

Import Prices by Country

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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