Portugal: 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 Portugal

After four years of growth, the Portuguese market for paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -33.3% to $X in 2021. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.7% against 2016 indices. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Portugal

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers fell remarkably to $X in 2021 estimated in export price. Overall, production recorded a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, production reached the peak level of $X, and then shrank rapidly in the following year.

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

Exports from Portugal

In 2021, the amount of paint, distemper, varnish or similar brushes, paint pads and rollers exported from Portugal surged to X units, jumping by 17% on 2020 figures. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 29% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 27% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Portugal, with a 80% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Spain exceeded the volume sent to the second major destination, France (X units), more than tenfold. Belgium (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+86.7% per year) and Belgium (+19.2% per year).

In value terms, Spain ($X) remains the key foreign market for paint, distemper, varnish or similar brushes, paint pads and rollers exports from Portugal, comprising 72% of total exports. The second position in the ranking was taken by Angola ($X), with a 7.5% share of total exports. It was followed by Cabo Verde, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-14.9% per year) and Cabo Verde (+7.1% per year).

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, picking up by 6.1% against the previous year. In general, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to France ($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 Angola (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Portugal

In 2021, the amount of paint, distemper, varnish or similar brushes, paint pads and rollers imported into Portugal soared to X units, growing by 58% against the previous year. In general, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Spain (X units) and the Czech Republic (X units) were the main suppliers of imports of paint, distemper, varnish or similar brushes, paint pads and rollers to Portugal, together comprising 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +68.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Portugal, comprising 46% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.9% per year) and China (+14.9% per year).

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, shrinking by -10.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

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 (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform