Eastern Europe: 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 Eastern Europe

In 2022, the East European non-aqueous paint and varnish market decreased by -5.5% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 8.7%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, non-aqueous paint and varnish production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible contraction. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Eastern Europe

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported in Eastern Europe; waning by -9% compared with the previous year. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 15% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, non-aqueous paint and varnish exports fell slightly to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $X, and then dropped slightly in the following year.

Exports by Country

Poland was the major exporter of paints and varnishes dispersed or dissolved in a non-aqueous medium in Eastern Europe, with the volume of exports accounting for X tons, which was approx. 46% of total exports in 2022. Russia (X tons) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (10%) and the Czech Republic (5%). Lithuania (X tons), Estonia (X tons) and Bulgaria (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +6.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest non-aqueous paint and varnish supplier in Eastern Europe, comprising 56% of total exports. The second position in the ranking was taken by Russia ($X), with a 13% share of total exports. It was followed by the Czech Republic, with an 8.3% share.

In Poland, non-aqueous paint and varnish exports expanded at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (+3.0% per year) and the Czech Republic (+7.4% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, surging by 6.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 13%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

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

Imports in Eastern Europe

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were imported in Eastern Europe; shrinking by -6.4% on 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 5.6%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, non-aqueous paint and varnish imports declined to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Russia (X tons) and Poland (X tons) represented roughly 50% of total imports in 2022. It was distantly followed by the Czech Republic (X tons), Romania (X tons), Belarus (X tons), Slovakia (X tons), Hungary (X tons) and Lithuania (X tons), together committing a 40% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +3.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together comprising 62% of total imports. Romania, Hungary, Slovakia, Lithuania and Belarus lagged somewhat behind, together comprising a further 28%.

Lithuania, with a CAGR of +4.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Russia ($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 (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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