Greece: 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 Greece

In 2021, the Greek market for paint, distemper, varnish or similar brushes, paint pads and rollers increased by 28% to $X, rising for the third year in a row after four years of decline. The market value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained 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 Greece

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 5.9%. Production of peaked in 2021 and is expected to retain growth in the near future.

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

Exports from Greece

Exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Greece fell remarkably to X units in 2021, reducing by -26.4% on 2020 figures. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 104%. As a result, the exports attained the peak of X units, and then declined rapidly in the following year.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers declined sharply to $X in 2021. Over the period under review, exports, however, enjoyed perceptible growth. The pace of growth was the most pronounced in 2015 when exports increased by 116% against the previous year. The exports peaked at $X in 2020, and then fell sharply in the following year.

Exports by Country

Cyprus (X units), Albania (X units) and Croatia (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Greece, together accounting for 56% of total exports. These countries were followed by Italy, Malta, Bulgaria, Romania and the Netherlands, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +125.7%), while the other leaders experienced more modest paces of growth.

In value terms, Albania ($X), Cyprus ($X) and Bulgaria ($X) appeared to be the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Greece worldwide, together accounting for 56% of total exports. Croatia, Italy, Malta, Romania and the Netherlands lagged somewhat behind, together comprising a further 27%.

The Netherlands, with a CAGR of +97.0%, 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 export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, increasing by 5.3% against the previous year. Overall, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2015 an increase of 106%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to the Netherlands ($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 Malta (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Greece

For the third consecutive year, Greece recorded growth in overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers, which increased by 23% to X units in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its volume 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. Based on 2021 figures, imports increased by +56.8% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.5% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Greece, with a 44% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The Czech Republic (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and the Czech Republic (+36.9% per year).

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Greece, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Italy (+6.6% per year).

Import Prices by Country

In 2021, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, surging by 4.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 18%. The import price peaked at $X per unit in 2015; however, from 2016 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 France ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform