EU: Paint And Varnish Market 2025

Paint And Varnish Market Size in the EU

The EU paint and varnish market dropped to $X in 2022, almost unchanged from the previous year. Overall, consumption, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2017 when the market value increased by 5.9%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Paint And Varnish Production in the EU

In value terms, paint and varnish production reached $X in 2022 estimated in export price. Over the period under review, production recorded a slight decrease. The pace of growth appeared the most rapid in 2017 with an increase of 8.2%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Paint And Varnish Exports

Exports in the EU

After six years of growth, shipments abroad of paints and varnishes decreased by -9.1% to X tons in 2022. Overall, exports, however, recorded a modest expansion. The growth pace was the most rapid in 2021 when exports increased by 7.5%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, paint and varnish exports dropped 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), France (X tons), Spain (X tons), Poland (X tons) and Sweden (X tons) represented the main exporters of paints and varnishes, together committing 79% of total exports. The following exporters - Belgium (X tons), Austria (X tons), Denmark (X tons), Greece (X tons) and the Czech Republic (X tons) - together made up 13% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +6.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest paint and varnish supplier in the European Union, comprising 30% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +1.1%. In the other countries, the average annual rates were as follows: Italy (+3.1% per year) and the Netherlands (+1.9% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of 2.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 11% against the previous year. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Czech Republic ($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 Czech Republic (+2.1%), while the other leaders experienced more modest paces of growth.

Paint And Varnish Imports

Imports in the EU

In 2022, purchases abroad of paints and varnishes decreased by -6.3% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 7.8%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, paint and varnish imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

The countries with the highest levels of paint and varnish imports in 2022 were Germany (X tons), France (X tons), the Netherlands (X tons), Poland (X tons), Belgium (X tons), Spain (X tons), Italy (X tons), the Czech Republic (X tons), Austria (X tons), Sweden (X tons), Romania (X tons) and Portugal (X tons), together recording 80% of total import. Slovakia (X tons) took a relatively small 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 Portugal (with a CAGR of +5.1%), while imports 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 2022, with a combined 32% share of total imports. Italy, the Netherlands, Spain, Belgium, the Czech Republic, Austria, Sweden, Portugal, Romania and Slovakia lagged somewhat behind, together accounting for a further 51%.

Among the main importing countries, Italy, with a CAGR of +5.6%, 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 2022, rising by 1.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 10%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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