EU: 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 the EU

The EU aqueous paint and varnish market reduced modestly to $X in 2021, shrinking by -4.1% against the previous year. In general, consumption recorded a slight curtailment. The pace of growth appeared the most rapid in 2020 when the market value increased by 8.9%. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

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

In value terms, aqueous paint and varnish production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 18%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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

Exports in the EU

In 2021, approx. X tons of paints and varnishes dispersed or dissolved in an aqueous medium were exported in the European Union; with an increase of 7.2% compared with 2020. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 8.8% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

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% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany was the key exporter of paints and varnishes dispersed or dissolved in an aqueous medium in the European Union, with the volume of exports finishing at X tons, which was approx. 28% of total exports in 2021. It was distantly followed by France (X tons), the Netherlands (X tons), Italy (X tons), Sweden (X tons), Spain (X tons), Poland (X tons) and Belgium (X tons), together constituting a 52% share of total exports. Denmark (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Poland (+9.5%), Italy (+5.3%), France (+5.3%), Denmark (+4.5%), Sweden (+3.2%) and Belgium (+1.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +9.5% from 2012-2021. The Netherlands and Spain experienced a relatively flat trend pattern. While the share of Poland (+2.6 p.p.), France (+2.1 p.p.) and Italy (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Spain (-2.2 p.p.), the Netherlands (-2.5 p.p.) and Germany (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest aqueous paint and varnish supplier in the European Union, comprising 30% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 10% share.

In Germany, aqueous paint and varnish exports increased at an average annual rate of +1.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+4.7% per year) and the Netherlands (+2.7% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of 11% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per ton), while Poland ($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 Netherlands (+2.6%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2021, approx. X tons of paints and varnishes dispersed or dissolved in an aqueous medium were imported in the European Union; growing by 4.5% on 2020 figures. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 8.6%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

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

Imports by Country

France (X tons), Germany (X tons), Poland (X tons), Belgium (X tons), the Netherlands (X tons), Sweden (X tons), the Czech Republic (X tons), Austria (X tons), Spain (X tons), Slovakia (X tons), Italy (X tons) and Hungary (X tons) represented roughly 79% of total imports in 2021. Denmark (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 34% of total imports.

In terms of the main importing countries, Poland, with a CAGR of +6.3%, 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

The import price in the European Union stood at $X per ton in 2021, with an increase of 13% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while Slovakia ($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 Netherlands (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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