Denmark: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Denmark

The Danish aqueous paint and varnish market surged to $X in 2021, increasing by 19% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Denmark

In value terms, aqueous paint and varnish production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports from Denmark

In 2021, exports of paints and varnishes dispersed or dissolved in an aqueous medium from Denmark soared to X tons, increasing by 21% on the previous year. The total export volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aqueous paint and varnish exports surged to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), Poland (X tons) and the Netherlands (X tons) were the main destinations of aqueous paint and varnish exports from Denmark, together accounting for 70% of total exports. These countries were followed by Germany, Norway, France, Finland, China, Lithuania and the UK, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +25.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Poland ($X) and the Netherlands ($X) were the largest markets for aqueous paint and varnish exported from Denmark worldwide, with a combined 60% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +22.7%, recorded the highest growth rate of 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 2021, the average aqueous paint and varnish export price amounted to $X per ton, with an increase of 4.6% against the previous year. In general, the export price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7.4%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($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 the Netherlands (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports into Denmark

In 2021, after two years of growth, there was decline in purchases abroad of paints and varnishes dispersed or dissolved in an aqueous medium, when their volume decreased by -1% to X tons. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 11%. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank slightly in the following year.

In value terms, aqueous paint and varnish imports soared to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 aqueous paint and varnish supplier to Denmark, with a 43% share of total imports. Moreover, aqueous paint and varnish imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and Norway (+11.2% per year).

In value terms, Sweden ($X), Germany ($X) and Norway ($X) were the largest aqueous paint and varnish suppliers to Denmark, together comprising 77% of total imports. These countries were followed by the Netherlands, the UK, France and Poland, which together accounted for a further 15%.

France, with a CAGR of +24.0%, 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 aqueous paint and varnish import price stood at $X per ton in 2021, growing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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