Italy: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Italy

In 2022, the Italian non-aqueous paint and varnish market increased by 36% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +96.9% against 2019 indices. Non-aqueous paint and varnish consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Italy

In value terms, non-aqueous paint and varnish production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by 30%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Italy

In 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium exported from Italy contracted to X tons, shrinking by -9.7% on 2021 figures. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, non-aqueous paint and varnish exports declined modestly to $X in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

Spain (X tons), Germany (X tons) and Poland (X tons) were the main destinations of non-aqueous paint and varnish exports from Italy, with a combined 26% share of total exports. Turkey, France, the UK, India, Romania, Belgium, Russia, the United States, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +13.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-aqueous paint and varnish exported from Italy were Germany ($X), Spain ($X) and Poland ($X), with a combined 25% share of total exports. Turkey, France, the UK, India, Romania, the United States, the Czech Republic, Belgium, Russia and Portugal lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, the United States, with a CAGR of +15.4%, saw the highest growth rate of 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

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, growing by 6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and the UK ($X per ton), while the average price for exports to Belgium ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Italy

In 2022, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by 41% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-aqueous paint and varnish imports soared to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-aqueous paint and varnish to Italy, with a 47% share of total imports. Moreover, non-aqueous paint and varnish imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was held by the UK (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.5% per year) and the UK (+5.5% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Italy, comprising 47% of total imports. The second position in the ranking was held by Spain ($X), with an 8.4% share of total imports. It was followed by the Netherlands, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.2% per year) and the Netherlands (+4.9% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, remaining constant against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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