Israel: Paint And Varnish Market 2025

Paint And Varnish Market Size in Israel

In 2022, the Israeli paint and varnish market decreased by -3.1% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.0% against 2015 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced slightly in the following year.

Paint And Varnish Exports

Exports from Israel

In 2022, shipments abroad of paints and varnishes increased by 1.3% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, paint and varnish exports shrank slightly to $X in 2022. In general, exports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Jamaica (X tons), the UK (X tons) and Germany (X tons) were the main destinations of paint and varnish exports from Israel, together comprising 50% of total exports. Russia, Slovenia, France, Italy, Poland, Bulgaria, Greece, Georgia, the United States and India lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +40.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paint and varnish exported from Israel were the UK ($X), Jamaica ($X) and Germany ($X), with a combined 46% share of total exports. Slovenia, France, Italy, Russia, Poland, Greece, Bulgaria, Georgia, the United States and India lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Poland, with a CAGR of +41.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paint and varnish export price stood at $X per ton in 2022, declining by -4.3% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paint and varnish export price decreased by -26.7% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 47%. The export price peaked at $X per ton in 2020; however, from 2021 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 Slovenia ($X per ton), while the average price for exports to Jamaica ($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 Georgia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into Israel

In 2022, after six years of growth, there was significant decline in supplies from abroad of paints and varnishes, when their volume decreased by -9.3% to X tons. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, paint and varnish imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of paint and varnish imports to Israel, with a combined 49% share of total imports. Japan, Spain, Belgium, the UK, the Netherlands and France lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paint and varnish suppliers to Israel were Italy ($X), Germany ($X) and the United States ($X), with a combined 49% share of total imports. Japan, Spain, the UK, the Netherlands, Belgium and France lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Japan, with a CAGR of +23.0%, saw the highest rates of growth with regard to 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

In 2022, the average paint and varnish import price amounted to $X per ton, with an increase of 8.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 9.6%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and the UK ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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