Slovakia: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Slovakia

The Slovak market for oil and water paints and varnishes dropped to $X in 2021, with a decrease of -10.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Oil And Water Paints And Varnishes

Exports from Slovakia

In 2021, shipments abroad of oil and water paints and varnishes decreased by -78.6% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 263% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of oil and water paints and varnishes shrank sharply to $X in 2021. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by 337% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of exports of oil and water paints and varnishes from Slovakia, together comprising 68% of total exports. Hungary, the UK, France and Germany lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +2,104.5%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Austria ($X) and Poland ($X) were the largest markets for oil and water paints and varnishes exported from Slovakia worldwide, together accounting for 73% of total exports. The UK, Hungary, Germany and France lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, the UK, with a CAGR of +5,287.0%, saw 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

The average export price for oil and water paints and varnishes stood at $X per ton in 2021, surging by 24% against the previous year. Over the period under review, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2019 an increase of 138% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to France ($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 the UK (+191.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Slovakia

In 2021, imports of oil and water paints and varnishes into Slovakia declined to X tons, waning by -11.8% against the previous year. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -37.8% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 75%. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of oil and water paints and varnishes reduced to $X in 2021. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 8.6% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest oil and water paints and varnishes supplier to Slovakia, accounting for a 52% share of total imports. Moreover, imports of oil and water paints and varnishes from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.6% per year) and Italy (+30.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of oil and water paints and varnishes to Slovakia, comprising 47% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.5% per year) and Italy (+29.4% per year).

Import Prices by Country

The average import price for oil and water paints and varnishes stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 8.7% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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