Europe: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Europe

The Europe market for oil and water paints and varnishes fell to $X in 2021, dropping by -5.3% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Oil And Water Paints And Varnishes in Europe

In value terms, production of oil and water paints and varnishes fell to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 6.1%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Oil And Water Paints And Varnishes

Exports in Europe

In 2021, after four years of decline, there was significant growth in overseas shipments of oil and water paints and varnishes, when their volume increased by 14% to X tons. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of oil and water paints and varnishes soared to $X in 2021. The total export value increased at an average annual rate of +1.5% 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, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) and Italy (X tons) represented the largest exporters of oil and water paints and varnishes in Europe, together finishing at near 41% of total exports. Spain (X tons) held the next position in the ranking, followed by the UK (X tons), Belgium (X tons), Belarus (X tons), the Netherlands (X tons) and Poland (X tons). All these countries together held approx. 36% share of total exports. The following exporters - Switzerland (X tons), Sweden (X tons), Russia (X tons), Norway (X tons) and Finland (X tons) - together made up 15% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +21.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest oil and water paints and varnishes supplier in Europe, comprising 34% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Switzerland, with a 7.9% share.

In Germany, exports of oil and water paints and varnishes expanded at an average annual rate of +5.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+2.1% per year) and Switzerland (-3.4% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, growing by 8.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Switzerland ($X per ton), while Belarus ($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 (+5.4%), while the other leaders experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports in Europe

Imports of oil and water paints and varnishes rose notably to X tons in 2021, growing by 9.4% compared with 2020. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 9.4%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, imports of oil and water paints and varnishes surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of oil and water paints and varnishes in 2021 were Spain (X tons), Poland (X tons), Russia (X tons), France (X tons), Romania (X tons), Austria (X tons), Italy (X tons), the UK (X tons), Germany (X tons), Belgium (X tons), Ukraine (X tons) and Portugal (X tons), together reaching 73% of total import. Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oil and water paints and varnishes importing markets in Europe were Poland ($X), Russia ($X) and the UK ($X), together comprising 27% of total imports. These countries were followed by Spain, France, Germany, Austria, Italy, Romania, Belgium, Denmark, Ukraine and Portugal, which together accounted for a further 46%.

Among the main importing countries, Romania, with a CAGR of +10.1%, 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 2021, the import price in Europe amounted to $X per ton, rising by 8.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform