Europe: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Europe

For the sixth consecutive year, the Europe polishes for coachwork market recorded decline in sales value, which decreased by -8% to $X in 2022. In general, consumption recorded a perceptible slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Polishes For Coachwork Production in Europe

In value terms, polishes for coachwork production reduced markedly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 17%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Polishes For Coachwork Exports

Exports in Europe

In 2022, approx. X tons of polishes for coachwork were exported in Europe; waning by -8.5% against 2021. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, polishes for coachwork exports contracted to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +56.4% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), the UK (X tons), Italy (X tons) and Poland (X tons) were the key exporters of polishes for coachwork, together generating 78% of total exports. Belgium (X tons), Spain (X tons), France (X tons) and Russia (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +57.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork supplying countries in Europe were Germany ($X), the Netherlands ($X) and the UK ($X), with a combined 69% share of total exports. Poland, Italy, France, Belgium, Spain and Russia lagged somewhat behind, together comprising a further 20%.

Russia, with a CAGR of +47.6%, recorded 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 Europe amounted to $X per ton, growing by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2020 when the export price increased by 11%. The level of export peaked in 2022 and is likely to continue 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 the Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Polishes For Coachwork Imports

Imports in Europe

In 2022, polishes for coachwork imports in Europe dropped remarkably to X tons, reducing by -22.2% compared with 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell significantly in the following year.

In value terms, polishes for coachwork imports shrank dramatically to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 21%. The level of import peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

Austria (X tons), Germany (X tons), France (X tons), Poland (X tons) and Slovakia (X tons) represented roughly 57% of total imports in 2022. It was distantly followed by the UK (X tons), constituting a 4.9% share of total imports. Russia (X tons), the Netherlands (X tons), Denmark (X tons), Spain (X tons), Romania (X tons), Belgium (X tons) and Sweden (X tons) followed a long way behind the leaders.

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, Germany ($X), France ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, with a combined 38% 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 Europe stood at $X per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The level of import peaked in 2022 and is expected to retain 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