Germany: 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 Germany

The German aqueous paint and varnish market amounted to $X in 2021, rising by 4.2% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the market value increased by 7.4% against the previous year. Aqueous paint and varnish consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

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

In value terms, aqueous paint and varnish production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 8.6%. Aqueous paint and varnish production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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

Exports from Germany

In 2021, the amount of paints and varnishes dispersed or dissolved in an aqueous medium exported from Germany contracted to X tons, shrinking by -3.3% against 2020 figures. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aqueous paint and varnish exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 14% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons), the Netherlands (X tons) and Austria (X tons) were the main destinations of aqueous paint and varnish exports from Germany, together comprising 29% of total exports. These countries were followed by France, China, the UK, Belgium, Switzerland, the Czech Republic, Italy, Hungary, Spain and Russia, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Netherlands ($X) and Austria ($X) appeared to be the largest markets for aqueous paint and varnish exported from Germany worldwide, together accounting for 26% of total exports. Belgium, the Czech Republic, France, China, Switzerland, the UK, Italy, Hungary, Spain and Russia lagged somewhat behind, together comprising a further 49%.

Hungary, with a CAGR of +8.2%, recorded the highest growth rate of 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, rising by 14% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 the Netherlands (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

In 2021, supplies from abroad of paints and varnishes dispersed or dissolved in an aqueous medium was finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, aqueous paint and varnish imports skyrocketed to $X in 2021. In general, imports showed mild growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Austria (X tons) and France (X tons) were the main suppliers of aqueous paint and varnish imports to Germany, together comprising 54% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +9.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aqueous paint and varnish suppliers to Germany were Austria ($X), the Netherlands ($X) and France ($X), with a combined 47% share of total imports.

Austria, with a CAGR of +9.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aqueous paint and varnish import price amounted to $X per ton, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :