Poland: 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 Poland

In 2021, the Polish aqueous paint and varnish market decreased by -80.9% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption faced a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 8.6%. Over the period under review, the market attained the maximum level 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 Poland

In value terms, aqueous paint and varnish production reduced notably to $X in 2021 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 14%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

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

Exports from Poland

For the sixth year in a row, Poland recorded growth in overseas shipments of paints and varnishes dispersed or dissolved in an aqueous medium, which increased by 11% to X tons in 2021. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, aqueous paint and varnish exports soared to $X in 2021. Over the period under review, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), Russia (X tons) and Germany (X tons) were the main destinations of aqueous paint and varnish exports from Poland, together accounting for 36% of total exports. Belarus, France, the Czech Republic, Ukraine, the UK, Lithuania, China, the Netherlands, Slovakia and Kazakhstan lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +61.4%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and France ($X) constituted the largest markets for aqueous paint and varnish exported from Poland worldwide, together comprising 32% of total exports. Hungary, the Czech Republic, the UK, Ukraine, Belarus, China, the Netherlands, Lithuania, Slovakia and Kazakhstan lagged somewhat behind, together accounting for a further 50%.

Among the main countries of destination, China, with a CAGR of +64.9%, recorded 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 aqueous paint and varnish export price stood at $X per ton in 2021, growing by 14% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Kazakhstan ($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 Slovakia (+8.2%), 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 Poland

In 2021, purchases abroad of paints and varnishes dispersed or dissolved in an aqueous medium was finally on the rise to reach X tons after two years of decline. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, aqueous paint and varnish imports expanded markedly to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 +70.7% against 2015 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 31%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of aqueous paint and varnish to Poland, accounting for a 40% share of total imports. Moreover, aqueous paint and varnish imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.7% per year) and Denmark (+4.4% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in an aqueous medium to Poland, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.3% share of total imports. It was followed by Denmark, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.6% per year) and Denmark (+3.8% per year).

Import Prices by Country

In 2021, the average aqueous paint and varnish import price amounted to $X per ton, increasing by 6.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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