Slovakia: 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 Slovakia

The Slovak market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced to $X in 2022, shrinking by -7.3% against the previous year. Overall, consumption recorded a mild decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 22%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Slovakia

In 2022, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -15.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 176%. Over the period under review, the exports of hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose sharply to $X in 2022. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2015 with an increase of 269%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Germany (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Slovakia, together comprising 82% of total exports. Ukraine, North Macedonia, Montenegro and Serbia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +195.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Slovakia, comprising 62% of total exports. The second position in the ranking was taken by Austria ($X), with a 17% share of total exports. It was followed by Germany, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+44.5% per year) and Germany (+36.2% per year).

Export Prices by Country

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, surging by 26% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2015 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to North Macedonia ($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 Montenegro (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Slovakia

In 2022, overseas purchases of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -16.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 52%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 9.5% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to Slovakia, accounting for a 50% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.7% per year) and Slovenia (+0.2% per year).

In value terms, the Czech Republic ($X), Germany ($X) and Sweden ($X) appeared to be the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Slovakia, with a combined 67% share of total imports. Austria, Poland, Hungary, Slovenia and Serbia lagged somewhat behind, together accounting for a further 16%.

Serbia, with a CAGR of +61.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 68%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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