Italy: Paint And Varnish Market 2025

Paint And Varnish Market Size in Italy

In 2022, the Italian paint and varnish market increased by 25% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +193.8% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Paint And Varnish Production in Italy

In value terms, paint and varnish production expanded rapidly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +95.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 48% against the previous year. Paint and varnish production peaked in 2022 and is expected to retain growth in the near future.

Paint And Varnish Exports

Exports from Italy

In 2022, approx. X tons of paints and varnishes were exported from Italy; waning by -9.5% against 2021 figures. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, paint and varnish exports declined to $X in 2022. The total export value increased at an average annual rate of +3.1% 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 with an increase of 26% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Germany (X tons), Poland (X tons) and Spain (X tons) were the main destinations of paint and varnish exports from Italy, with a combined 26% share of total exports. France, Turkey, the UK, the Czech Republic, Romania, the United States, India, Portugal, Belgium and Russia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +15.0%), while shipments for the other leaders experienced more modest paces of growth.

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

The United States, with a CAGR of +15.0%, 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

In 2022, the average paint and varnish export price amounted to $X per ton, surging by 4.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 11%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($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 India (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into Italy

In 2022, supplies from abroad of paints and varnishes increased by 8.1% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, paint and varnish imports surged to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +62.2% 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 paint and varnish to Italy, with a 33% share of total imports. Moreover, paint and varnish imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.4% per year) and the Netherlands (+1.0% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes to Italy, comprising 45% of total imports. The second position in the ranking was held by France ($X), with an 8.8% share of total imports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.6% per year) and the Netherlands (+4.0% per year).

Import Prices by Country

The average paint and varnish import price stood at $X per ton in 2022, jumping by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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