EU: 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 the EU

In 2022, the EU non-aqueous paint and varnish market decreased by -2.7% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption recorded a slight curtailment. The growth pace was the most rapid in 2017 when the market value increased by 7.7%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, non-aqueous paint and varnish production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 9.9%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports in the EU

In 2022, after six years of growth, there was significant decline in shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume decreased by -9% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 8.4% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, non-aqueous paint and varnish exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Germany (X tons) and Italy (X tons) represented the main exporters of paints and varnishes dispersed or dissolved in a non-aqueous medium in the European Union, together achieving 43% of total exports. The Netherlands (X tons) held a 9.9% share (based on physical terms) of total exports, which put it in second place, followed by France (8.4%), Poland (8.3%), Spain (7.5%) and Belgium (5.3%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +6.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish supplying countries in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), together comprising 56% of total exports. France, Spain, Belgium and Poland lagged somewhat behind, together accounting for a further 28%.

Poland, with a CAGR of +7.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by 4.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 11%. The level of export peaked 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 Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.1%), 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 the EU

In 2022, after two years of growth, there was significant decline in overseas purchases of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume decreased by -5.2% to X tons. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 9.4%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, non-aqueous paint and varnish imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

The purchases of the seven major importers of paints and varnishes dispersed or dissolved in a non-aqueous medium, namely Germany, the Netherlands, Spain, Italy, Poland, France and Belgium, represented more than half of total import. It was distantly followed by the Czech Republic (X tons), comprising a 4.6% share of total imports. The following importers - Austria (X tons), Portugal (X tons), Romania (X tons), Sweden (X tons) and Greece (X tons) - together made up 16% 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 Italy (with a CAGR of +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, together comprising 32% of total imports.

Italy, with a CAGR of +6.9%, saw 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

In 2022, the import price in the European Union amounted to $X per ton, rising by 2.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 11% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Poland ($X per ton), while the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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