Romania: 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 Romania

The Romanian non-aqueous paint and varnish market declined remarkably to $X in 2022, with a decrease of -21.5% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

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

In value terms, non-aqueous paint and varnish production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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

Exports from Romania

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by 37% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 51%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports surged to $X in 2022. Overall, exports enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of 124%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Moldova (X tons), Bulgaria (X tons) and Germany (X tons) were the main destinations of non-aqueous paint and varnish exports from Romania, together accounting for 58% of total exports. Turkey, Georgia, Austria, Poland, Croatia, Hungary and Armenia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +108.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-aqueous paint and varnish exported from Romania were Bulgaria ($X), Moldova ($X) and Croatia ($X), with a combined 48% share of total exports. Germany, Turkey, Hungary, Poland, Austria, Georgia and Armenia lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, Armenia, with a CAGR of +111.0%, recorded 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, waning by -10.6% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-aqueous paint and varnish export price increased by +34.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 48%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Georgia ($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 Croatia (+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 A Non-Aqueous Medium

Imports into Romania

In 2022, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by 5.3% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 27% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-aqueous paint and varnish imports totaled $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of non-aqueous paint and varnish imports to Romania, with a combined 55% share of total imports. Bulgaria, the Netherlands, Turkey, France and Belgium lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +12.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) constituted the largest non-aqueous paint and varnish suppliers to Romania, together accounting for 53% of total imports. Poland, France, Bulgaria, Turkey and Belgium lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Turkey, with a CAGR of +12.2%, 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

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, reducing by -2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Bulgaria ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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