Finland: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Finland

In 2022, the Finnish market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Finland

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 9.3%. Production of peaked at $X in 2021, and then dropped modestly in the following year.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Finland

In 2022, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -35.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 30%. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Sweden (X tons), Estonia (X tons) and Russia (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Finland, together accounting for 61% of total exports. Poland, China, the UK, Latvia, Norway, Kazakhstan, Lithuania and Ukraine lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +27.9%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) emerged as the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Finland, comprising 33% of total exports. The second position in the ranking was held by Russia ($X), with a 13% share of total exports. It was followed by Estonia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-11.3% per year) and Estonia (+5.7% per year).

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 19% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Finland

In 2022, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -43.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced rapidly to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to Finland, with a 41% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.4% per year) and Denmark (+0.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Finland, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Denmark, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.4% per year) and Denmark (+4.4% per year).

Import Prices by Country

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, picking up by 33% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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