Scandinavia: 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 Scandinavia

In 2022, the Scandinavia market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by 6.4% to $X, rising for the sixth year in a row after three years of decline. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.5% against the previous year. Over the period under review, production of hit record highs at $X in 2021, and then declined slightly in the following year.

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

Exports in Scandinavia

In 2022, after two years of growth, there was significant decline in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume decreased by -21.4% to X tons. The total export volume increased at an average annual rate of +1.3% 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 2020 when exports increased by 16% against the previous year. The volume of export peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, committing 66% of total exports. Finland (X tons) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Norway (12%).

Sweden experienced a relatively flat trend pattern with regard to volume of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium. At the same time, Norway (+7.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +7.4% from 2012-2022. Finland experienced a relatively flat trend pattern. Norway (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -4.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in Scandinavia, comprising 62% of total exports. The second position in the ranking was taken by Finland ($X), with a 25% share of total exports.

In Sweden, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+0.2% per year) and Norway (+8.9% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, growing by 5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 9% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+1.3%), while the other leaders experienced a decline in the export price figures.

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

Imports in Scandinavia

After four years of growth, overseas purchases of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -7.5% to X tons in 2022. The total import volume increased at an average annual rate of +3.0% 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 2021 with an increase of 10% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped to $X in 2022. The total import value increased at an average annual rate of +2.4% 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 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

Sweden was the major importer of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Scandinavia, with the volume of imports accounting for X tons, which was near 66% of total imports in 2022. Norway (X tons) took the second position in the ranking, distantly followed by Finland (X tons). All these countries together took approx. 34% share of total imports.

Sweden was also the fastest-growing in terms of the paints and varnishes, based on acrylic or vinyl polymers, aqueous medium imports, with a CAGR of +6.7% from 2012 to 2022. Finland experienced a relatively flat trend pattern. Norway (-2.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +20 percentage points.

In value terms, Sweden ($X) constitutes the largest market for imported paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Scandinavia, comprising 65% of total imports. The second position in the ranking was held by Norway ($X), with a 25% share of total imports.

In Sweden, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded at an average annual rate of +6.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (-3.0% per year) and Finland (+1.9% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, surging by 3.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 10%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform