Eastern Europe: 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 Eastern Europe

In 2021, the East European aqueous paint and varnish market decreased by -29.4% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

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

In value terms, aqueous paint and varnish production fell markedly to $X in 2021 estimated in export price. In general, production showed a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 20%. Over the period under review, production hit record highs at $X in 2020, and then declined sharply in the following year.

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

Exports in Eastern Europe

In 2021, aqueous paint and varnish exports in Eastern Europe expanded to X tons, surging by 4.9% on 2020 figures. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.4% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, aqueous paint and varnish exports soared to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.9% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland was the largest exporting country with an export of around X tons, which amounted to 44% of total exports. It was distantly followed by the Czech Republic (X tons), Russia (X tons), Estonia (X tons) and Hungary (X tons), together creating a 41% share of total exports. Belarus (X tons) and Romania (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to aqueous paint and varnish exports from Poland stood at +9.5%. At the same time, Belarus (+11.4%), Russia (+7.6%), Romania (+6.3%), the Czech Republic (+4.2%), Hungary (+4.0%) and Estonia (+2.6%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +11.4% from 2012-2021. Poland (+10 p.p.) significantly strengthened its position in terms of the total exports, while Estonia and the Czech Republic saw its share reduced by -2.7% and -3.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest aqueous paint and varnish supplier in Eastern Europe, comprising 45% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 16% share of total exports. It was followed by Estonia, with an 11% share.

In Poland, aqueous paint and varnish exports increased at an average annual rate of +9.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Czech Republic (+6.5% per year) and Estonia (+4.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, surging by 17% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export 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 exporting countries. In 2021, the country with the highest price was Estonia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.2%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2021, supplies from abroad of paints and varnishes dispersed or dissolved in an aqueous medium increased by 2.4% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 8.2%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aqueous paint and varnish imports soared to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 16%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Poland (X tons), distantly followed by Russia (X tons), the Czech Republic (X tons), Slovakia (X tons), Hungary (X tons) and Romania (X tons) represented the largest importers of paints and varnishes dispersed or dissolved in an aqueous medium, together committing 78% of total imports. Lithuania (X tons), Estonia (X tons), Ukraine (X tons), Belarus (X tons), Bulgaria (X tons) and Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +9.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aqueous paint and varnish importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), with a combined 59% share of total imports. Hungary, Slovakia, Romania, Lithuania, Ukraine, Estonia, Latvia, Belarus and Bulgaria lagged somewhat behind, together accounting for a further 40%.

In terms of the main importing countries, Lithuania, with a CAGR of +6.8%, saw the highest growth rate of the value of imports, 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 2021, rising by 13% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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