Romania: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Romania

The Romanian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium was estimated at $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Romania

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Romania

Exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Romania soared to X tons in 2022, rising by 27% compared with 2021. In general, total exports indicated a remarkable increase 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, exports increased by +50.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. Overall, exports showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 27%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Bulgaria (X tons), Moldova (X tons) and Hungary (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Romania, together accounting for 81% of total exports. Greece, Georgia, France, Slovenia and Ukraine lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +65.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Moldova ($X) and Slovenia ($X) were the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Romania worldwide, with a combined 80% share of total exports. Hungary, Greece, Ukraine, France and Georgia lagged somewhat behind, together comprising a further 13%.

France, with a CAGR of +38.8%, saw the highest growth rate of the value of exports, in terms of 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 export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, which is down by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2020 when the average export price increased by 21%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Georgia ($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 Ukraine (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Romania

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by 2.5% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 26% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced to $X in 2022. The total import value increased at an average annual rate of +2.9% 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 imports increased by 26%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Romania, with a combined 44% share of total imports. Turkey, Poland, Austria, Slovenia, Sweden, Greece, Bulgaria, France and the Netherlands lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Romania were Germany ($X), Italy ($X) and Poland ($X), with a combined 47% share of total imports. Austria, France, Hungary, Sweden, Turkey, Greece, Slovenia, Bulgaria and the Netherlands lagged somewhat behind, together comprising a further 43%.

Among the main suppliers, the Netherlands, with a CAGR of +10.6%, 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 import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, dropping by -8% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by +75.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton, 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 ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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