Scandinavia: 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 Scandinavia

In 2021, the Scandinavia aqueous paint and varnish market increased by 7.2% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 9.1% against the previous year. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

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

In value terms, aqueous paint and varnish production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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

Exports in Scandinavia

In 2021, aqueous paint and varnish exports in Scandinavia rose significantly to X tons, picking up by 12% against 2020. The total export volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aqueous paint and varnish exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden was the largest exporter of paints and varnishes dispersed or dissolved in an aqueous medium in Scandinavia, with the volume of exports recording X tons, which was approx. 46% of total exports in 2021. Denmark (X tons) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by Finland (18%) and Norway (7.6%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of +7.6%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2021, together comprising 91% of total exports. These countries were followed by Norway, which accounted for a further 8.5%.

Among the main exporting countries, Norway, with a CAGR of +7.3%, 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

The export price in Scandinavia stood at $X per ton in 2021, increasing by 7.4% against the previous year. Overall, the export price, however, showed a slight shrinkage. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Norway ($X per ton) and Sweden ($X per ton), while Denmark ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.3%), while the other leaders experienced a decline in the export price figures.

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

Imports in Scandinavia

In 2021, supplies from abroad of paints and varnishes dispersed or dissolved in an aqueous medium increased by 6.8% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aqueous paint and varnish imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the key importer of paints and varnishes dispersed or dissolved in an aqueous medium, committing 44% of total imports. It was distantly followed by Denmark (X tons), Norway (X tons) and Finland (X tons), together committing a 54% share of total imports. Iceland (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 87% of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 13%.

Finland, with a CAGR of +6.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Iceland ($X per ton), while Sweden ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform