Europe: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Europe

The Europe market for spray guns and similar appliances shrank dramatically to $X in 2022, with a decrease of -16.7% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Production of Spray Guns And Similar Appliances in Europe

In value terms, spray guns and similar appliances production reduced slightly to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 66% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports in Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of spray guns and similar appliances, when their volume decreased by -10.5% to X units. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 40%. The volume of export peaked at X units in 2021, and then reduced in the following year.

In value terms, spray guns and similar appliances exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 16% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

The biggest shipments were from Italy (X units), the Netherlands (X units) and Germany (X units), together recording 61% of total export. The UK (X units) held the next position in the ranking, followed by Belgium (X units) and Spain (X units). All these countries together held near 20% share of total exports. Austria (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of +11.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest spray guns and similar appliances supplying countries in Europe were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 57% share of total exports. Belgium, the UK, Spain and Austria lagged somewhat behind, together comprising a further 26%.

Belgium, with a CAGR of +9.2%, saw 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

The export price in Europe stood at $X per unit in 2022, shrinking by -3.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 34% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the other leaders experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports in Europe

After six years of growth, purchases abroad of spray guns and similar appliances decreased by -20.6% to X units in 2022. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, spray guns and similar appliances imports reduced rapidly to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

The purchases of the nine major importers of spray guns and similar appliances, namely Germany, the Netherlands, the UK, Italy, Russia, France, Spain, Belgium and Poland, represented more than two-thirds of total import. The following importers - Hungary (X units), Ukraine (X units), Austria (X units) and the Czech Republic (X units) - together made up 8.6% 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 Poland (with a CAGR of +6.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 35% of total imports. Belgium, the UK, France, Russia, Poland, Spain, Austria, the Czech Republic, Hungary and Ukraine lagged somewhat behind, together comprising a further 50%.

Poland, with a CAGR of +10.4%, 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 unit, with an increase of 6.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform