Romania: 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 Romania

The Romanian aqueous paint and varnish market declined dramatically to $X in 2021, waning by -38.6% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then shrank rapidly in the following year.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Romania

In value terms, aqueous paint and varnish production fell rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped remarkably in the following year.

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

Exports from Romania

In 2021, approx. X tons of paints and varnishes dispersed or dissolved in an aqueous medium were exported from Romania; growing by 15% against 2020. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 23%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, aqueous paint and varnish exports stood at $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.9% against 2012 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 24%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Greece (X tons), Bulgaria (X tons) and Moldova (X tons) were the main destinations of aqueous paint and varnish exports from Romania, together comprising 84% of total exports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +40.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aqueous paint and varnish exported from Romania were Bulgaria ($X), Moldova ($X) and Greece ($X), with a combined 77% share of total exports.

In terms of the main countries of destination, Greece, with a CAGR of +28.5%, 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

In 2021, the average aqueous paint and varnish export price amounted to $X per ton, shrinking by -4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2020 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Serbia ($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 Ukraine (+12.5%), 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 Romania

In 2021, purchases abroad of paints and varnishes dispersed or dissolved in an aqueous medium increased by 2.5% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 21%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, aqueous paint and varnish imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of aqueous paint and varnish imports to Romania, together comprising 39% of total imports. These countries were followed by Austria, France, Hungary, Greece, Poland, Spain, Sweden, Bulgaria and Slovenia, which together accounted for a further 52%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) constituted the largest aqueous paint and varnish suppliers to Romania, with a combined 52% share of total imports. These countries were followed by Austria, Turkey, Greece, Sweden, Poland, Hungary, Spain, Slovenia and Bulgaria, which together accounted for a further 38%.

Spain, with a CAGR of +15.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aqueous paint and varnish import price amounted to $X per ton, jumping by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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