Finland: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Finland

For the fourth year in a row, the Finnish market for paint, distemper, varnish or similar brushes, paint pads and rollers recorded growth in sales value, which increased by 24% to $X in 2021. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Finland

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers fell sharply to $X in 2021 estimated in export price. Overall, production showed a deep reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X, and then shrank remarkably in the following year.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Finland

In 2021, shipments abroad of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 49% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 63% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. Overall, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units), Estonia (X units) and Sweden (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Finland, with a combined 84% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +72.7%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for paint, distemper, varnish or similar brushes, paint pads and rollers exports from Finland, comprising 57% of total exports. The second position in the ranking was held by Estonia ($X), with a 22% share of total exports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+10.8% per year) and Sweden (+47.5% per year).

Export Prices by Country

The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, picking up by 19% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for paint, distemper, varnish or similar brushes, paint pads and rollers increased by +104.2% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Finland

In 2021, overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 21% to X units, rising for the fourth year in a row after three years of decline. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), China (X units) and Germany (X units) were the main suppliers of imports of paint, distemper, varnish or similar brushes, paint pads and rollers to Finland, with a combined 84% share of total imports. These countries were followed by Latvia, the Netherlands and Turkey, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +73.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Finland, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Sweden totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Germany (-1.9% per year).

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, surging by 5.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 7.5%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform