Denmark: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Denmark

In 2022, the Danish non-aqueous paint and varnish market decreased by -45.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, posted a noticeable expansion. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Denmark

In value terms, non-aqueous paint and varnish production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. The growth pace was the most rapid in 2021 when the production volume increased by 199% against the previous year. As a result, production reached the peak level of $X, and then contracted dramatically in the following year.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Denmark

In 2022, exports of paints and varnishes dispersed or dissolved in a non-aqueous medium from Denmark reduced markedly to X tons, dropping by -26.8% on the previous year's figure. In general, exports recorded a pronounced decline. The growth pace was the most rapid in 2017 when exports increased by 47% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports dropped remarkably to $X in 2022. Over the period under review, exports showed a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for non-aqueous paint and varnish exports from Denmark, accounting for a 36% share of total exports. Moreover, non-aqueous paint and varnish exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X tons), twofold. Norway (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-4.8% per year) and Norway (+6.0% per year).

In value terms, the Netherlands ($X), Sweden ($X) and Hungary ($X) were the largest markets for non-aqueous paint and varnish exported from Denmark worldwide, together accounting for 49% of total exports.

Among the main countries of destination, Hungary, with a CAGR of +44.1%, 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

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, with an increase of 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland ($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 Hungary (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Denmark

In 2022, non-aqueous paint and varnish imports into Denmark shrank markedly to X tons, with a decrease of -18.5% on 2021. Over the period under review, imports showed a slight decline. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, non-aqueous paint and varnish imports contracted rapidly to $X in 2022. In general, imports showed a slight curtailment. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. Imports peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

Sweden (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of non-aqueous paint and varnish imports to Denmark, with a combined 67% share of total imports. Belgium, the Netherlands, the UK, Italy and Norway lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +3.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X), Germany ($X) and Poland ($X) constituted the largest non-aqueous paint and varnish suppliers to Denmark, with a combined 63% share of total imports. Belgium, Italy, the UK, the Netherlands and Norway lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Belgium, with a CAGR of +3.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, shrinking by -2.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :