EU: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in the EU

In 2022, the EU polishes for coachwork market decreased by -19.9% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption saw a perceptible reduction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Polishes For Coachwork Production in the EU

In value terms, polishes for coachwork production fell sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable decline. The growth pace was the most rapid in 2014 when the production volume increased by 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports in the EU

In 2022, approx. X tons of polishes for coachwork were exported in the European Union; which is down by -8.4% on the previous year's figure. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, polishes for coachwork exports dropped to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.8% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), Italy (X tons) and Poland (X tons) represented the largest exporters of polishes for coachwork, together comprising 77% of total exports. Belgium (X tons), Spain (X tons), France (X tons) and the Czech Republic (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Czech Republic (with a CAGR of +10.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 75% share of total exports.

Poland, with a CAGR of +17.7%, saw the highest rates of growth with regard to the value of exports, in terms of 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, increasing by 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2020 when the export price increased by 14%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.4%), while the other leaders experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports in the EU

In 2022, approx. X tons of polishes for coachwork were imported in the European Union; shrinking by -25.7% against 2021 figures. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 22%. The volume of import peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, polishes for coachwork imports declined remarkably to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 24%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Austria (X tons), Germany (X tons), France (X tons), Poland (X tons) and Slovakia (X tons) was the major importer of polishes for coachwork in the European Union, mixing up 67% of total import. The following importers - the Netherlands (X tons), Denmark (X tons), Spain (X tons), Romania (X tons), Belgium (X tons), Sweden (X tons), Italy (X tons) and the Czech Republic (X tons) - together made up 22% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +14.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork importing markets in the European Union were Germany ($X), France ($X) and Poland ($X), with a combined 46% share of total imports.

Among the main importing countries, Poland, with a CAGR of +16.4%, 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 the European Union stood at $X per ton in 2022, surging by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 when the import price increased by 15% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Slovakia ($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 (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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