Europe: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Europe

In 2022, the Europe non-aqueous paint and varnish market decreased by -2.1% to $X, falling for the fourth consecutive year after three years of growth. In general, consumption recorded a slight slump. The growth pace was the most rapid in 2017 with an increase of 6.9% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Europe

In value terms, non-aqueous paint and varnish production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.6% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports in Europe

Non-aqueous paint and varnish exports reduced to X tons in 2022, with a decrease of -8.3% compared with the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8.2% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, non-aqueous 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 remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $X, and then fell modestly in the following year.

Exports by Country

Germany (X tons) and Italy (X tons) represented the key exporters of paints and varnishes dispersed or dissolved in a non-aqueous medium in 2022, recording approx. 21% and 15% of total exports, respectively. The Netherlands (X tons) held the next position in the ranking, followed by France (X tons), Poland (X tons), the UK (X tons) and Spain (X tons). All these countries together took near 36% share of total exports. Belgium (X tons), Russia (X tons), Sweden (X tons), Austria (X tons), Greece (X tons) and Slovenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +6.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish supplying countries in Europe were Germany ($X), Italy ($X) and the Netherlands ($X), together comprising 49% of total exports. France, the UK, Spain, Belgium, Poland, Sweden, Austria, Slovenia, Greece and Russia lagged somewhat behind, together accounting for a further 41%.

Poland, with a CAGR of +7.2%, saw the highest growth rate of 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 Europe amounted to $X per ton, growing by 4.4% against the previous year. Over the period under review, the export price continues to indicate 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. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+1.3%), while the other leaders experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports in Europe

In 2022, purchases abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -5.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 7.4% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, non-aqueous paint and varnish imports fell to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

The countries with the highest levels of non-aqueous paint and varnish imports in 2022 were Germany (X tons), Russia (X tons), the Netherlands (X tons), Spain (X tons), Italy (X tons), Poland (X tons), France (X tons), Belgium (X tons), the UK (X tons), the Czech Republic (X tons), Austria (X tons) and Portugal (X tons), together recording 74% of total import. Romania (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 leading importing countries, was attained by Italy (with a CAGR of +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($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.

Italy, with a CAGR of +6.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, growing by 2.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 10%. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform