Finland: 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 Finland

The Finnish aqueous paint and varnish market declined to $X in 2021, which is down by -3.5% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.2%. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, aqueous paint and varnish production totaled $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 7.6%. Aqueous paint and varnish production peaked in 2021 and is likely to continue growth in the immediate term.

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

Exports from Finland

In 2021, aqueous paint and varnish exports from Finland expanded rapidly to X tons, picking up by 10% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, aqueous paint and varnish exports soared to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), Russia (X tons) and Estonia (X tons) were the main destinations of aqueous paint and varnish exports from Finland, together accounting for 67% of total exports. Poland, China, Latvia, Norway and Ukraine lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +27.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Sweden ($X) and Estonia ($X) appeared to be the largest markets for aqueous paint and varnish exported from Finland worldwide, together comprising 64% of total exports. These countries were followed by Poland, China, Norway, Latvia and Ukraine, which together accounted for a further 22%.

China, with a CAGR of +22.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aqueous paint and varnish export price stood at $X per ton in 2021, growing by 5.8% against the previous year. Over the period under review, the export price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Finland

In 2021, purchases abroad of paints and varnishes dispersed or dissolved in an aqueous medium increased by 5.6% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, aqueous paint and varnish imports rose notably to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Imports peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

Sweden (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of aqueous paint and varnish imports to Finland, together comprising 73% of total imports. These countries were followed by the Netherlands, the UK, Estonia, the Czech Republic, France and Belgium, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +123.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Denmark ($X) constituted the largest aqueous paint and varnish suppliers to Finland, with a combined 73% share of total imports. These countries were followed by the UK, Belgium, the Netherlands, France, Estonia and the Czech Republic, which together accounted for a further 21%.

Among the main suppliers, the Czech Republic, with a CAGR of +101.2%, 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 average aqueous paint and varnish import price stood at $X per ton in 2021, increasing by 8.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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