Europe: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Europe

In 2022, the Europe market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by 1.3% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when the market value increased by 8.6% against the previous year. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Europe

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20%. The level of production peaked at $X in 2021, and then shrank slightly in the following year.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports in Europe

In 2022, after ten years of growth, there was significant decline in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume decreased by -10% to X tons. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 11% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell to $X in 2022. The total export value increased at an average annual rate of +2.0% 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 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Germany was the key exporter of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Europe, with the volume of exports reaching X tons, which was near 31% of total exports in 2022. It was distantly followed by the Netherlands (X tons), Italy (X tons), Sweden (X tons), Poland (X tons) and France (X tons), together comprising a 34% share of total exports. Denmark (X tons), Spain (X tons), the UK (X tons), Belgium (X tons), the Czech Republic (X tons), Austria (X tons) and Finland (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Germany stood at +1.5%. At the same time, Poland (+8.6%), Spain (+8.4%), Italy (+6.6%), the Czech Republic (+3.4%), Denmark (+3.2%) and Austria (+3.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +8.6% from 2012-2022. France, Finland and Sweden experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.1%), Belgium (-1.2%) and the UK (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Italy and Spain increased by +2.9, +2.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in Europe, comprising 30% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at +1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+0.8% per year) and Italy (+6.6% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 13%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the Czech Republic ($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 Netherlands (+1.9%), while the other leaders experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports in Europe

In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium imported in Europe fell to X tons, waning by -6.3% on the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted 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 pace of growth appeared the most rapid in 2017 with an increase of 14%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, France (X tons), the UK (X tons), Poland (X tons), Germany (X tons), Belgium (X tons), the Netherlands (X tons), Sweden (X tons), Russia (X tons), Austria (X tons), Italy (X tons), Hungary (X tons) and Switzerland (X tons) represented the major importer of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Europe, constituting 66% of total import. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +6.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 26% share of total imports. The UK, the Netherlands, Sweden, Belgium, Russia, Italy, Switzerland, Austria, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 46%.

Among the main importing countries, Hungary, with a CAGR of +7.2%, recorded the highest rates of growth with regard to 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 Europe stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and Switzerland ($X per ton), while Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform