Europe: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Europe

The Europe aqueous paint and varnish market declined slightly to $X in 2021, which is down by -2.6% against the previous year. Overall, consumption saw a mild reduction. The most prominent rate of growth was recorded in 2020 when the market value increased by 7% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Europe

In value terms, aqueous paint and varnish production fell to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports in Europe

Aqueous paint and varnish exports was estimated at X tons in 2021, picking up by 5.8% against the previous year's figure. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 8.2% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, aqueous paint and varnish exports soared to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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

Germany represented the largest exporting country with an export of around X tons, which amounted to 25% of total exports. France (X tons) held a 9% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (8.6%), Italy (8.5%), the UK (6.7%), Sweden (5.7%), Spain (5.4%) and Poland (5.2%). Belgium (X tons), Denmark (X tons), Austria (X tons), Finland (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to aqueous paint and varnish exports from Germany stood at +1.1%. At the same time, Poland (+9.5%), Italy (+5.3%), France (+5.3%), Finland (+5.1%), Denmark (+4.5%), the Czech Republic (+4.2%), Austria (+3.4%), Sweden (+3.2%) and Belgium (+1.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +9.5% from 2012-2021. The UK, the Netherlands and Spain experienced a relatively flat trend pattern. While the share of Poland (+2.3 p.p.), France (+1.9 p.p.) and Italy (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Spain (-1.9 p.p.), the Netherlands (-2.1 p.p.) and Germany (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest aqueous paint and varnish supplier in Europe, comprising 27% of total exports. The second position in the ranking was taken by Italy ($X), with a 10% share of total exports. It was followed by the Netherlands, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+4.7% per year) and the Netherlands (+2.7% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, increasing by 11% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs 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 Belgium ($X per ton), while the Czech Republic ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports in Europe

Aqueous paint and varnish imports rose modestly to X tons in 2021, growing by 2.3% compared with the year before. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 7%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, aqueous paint and varnish imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons), Poland (X tons), the UK (X tons), Belgium (X tons), the Netherlands (X tons), Russia (X tons), Sweden (X tons), the Czech Republic (X tons), Austria (X tons), Spain (X tons) and Slovakia (X tons) represented roughly 69% of total imports in 2021. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +6.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aqueous paint and varnish importing markets in Europe were Germany ($X), France ($X) and Poland ($X), with a combined 27% share of total imports.

Among the main importing countries, Poland, with a CAGR of +6.3%, 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

In 2021, the import price in Europe amounted to $X per ton, surging by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while Slovakia ($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 (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform