EU: 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 the EU

For the third year in a row, the EU market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium recorded growth in sales value, which increased by 1.5% to $X in 2022. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by 5.6% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium declined slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 21%. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports in the EU

In 2022, after two years of growth, there was significant decline in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume decreased by -10.2% to X tons. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 13% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then contracted 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 +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Germany was the main exporting country with an export of around X tons, which amounted to 34% of total exports. It was distantly followed by the Netherlands (X tons), Italy (X tons), Sweden (X tons), Poland (X tons), France (X tons) and Denmark (X tons), together constituting a 42% share of total exports. The following exporters - Spain (X tons), Belgium (X tons), the Czech Republic (X tons), Austria (X tons) and Finland (X tons) - together made up 16% of total exports.

Exports from Germany increased at an average annual rate of +1.5% from 2012 to 2022. At the same time, Poland (+8.6%), Spain (+8.4%), Italy (+6.6%), the Czech Republic (+3.4%), Denmark (+3.2%) and Austria (+3.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +8.6% from 2012-2022. France, Finland and Sweden experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.1%) and Belgium (-1.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Italy and Spain increased by +3.1, +2.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in the European Union, comprising 33% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Italy, with an 11% share.

In Germany, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased at an average annual rate of +1.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+0.8% per year) and Italy (+6.6% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 12% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Austria ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2022, after two years of growth, there was decline in purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume decreased by -4.9% to X tons. The total import volume increased at an average annual rate of +2.1% 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 2017 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, France (X tons), Poland (X tons), Germany (X tons), Belgium (X tons), the Netherlands (X tons), Sweden (X tons), Austria (X tons), Italy (X tons), Hungary (X tons), the Czech Republic (X tons), Denmark (X tons) and Romania (X tons) was the largest importer of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in the European Union, mixing up 77% of total import. Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +6.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 33% of total imports. The Netherlands, Sweden, Belgium, Italy, Austria, the Czech Republic, Hungary, Denmark, Romania and Slovakia lagged somewhat behind, together comprising a further 48%.

In terms of the main importing countries, Hungary, with a CAGR of +7.2%, recorded 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

In 2022, the import price in the European Union amounted to $X per ton, falling by -1.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 13% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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