Spain: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Spain

The Spanish market for paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021, rising by 43% against the previous year. The market value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Spain

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Production of peaked in 2021 and is likely to see steady growth in years to come.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Spain

Exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Spain shrank to X units in 2021, waning by -10.6% compared with 2020 figures. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 48% against the previous year. Over the period under review, the exports of hit record highs at X units in 2020, and then reduced in the following year.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers contracted slightly to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 increased by +60.6% against 2013 indices. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020, and then dropped slightly in the following year.

Exports by Country

France (X units), Germany (X units) and Italy (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Spain, together comprising 63% of total exports. Portugal, Morocco and Algeria lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +59.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Spain were France ($X), Portugal ($X) and Germany ($X), together accounting for 57% of total exports. Italy, Morocco and Algeria lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, Algeria, with a CAGR of +35.9%, recorded 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

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, increasing by 6.7% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2013 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Algeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Spain

In 2021, the amount of paint, distemper, varnish or similar brushes, paint pads and rollers imported into Spain surged to X units, jumping by 34% compared with the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.9% 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 increased by +46.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded 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, China (X units) constituted the largest paint, distemper, varnish or similar brush, paint pad and roller supplier to Spain, with a 54% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Portugal (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.4% per year) and Portugal (+5.7% per year).

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Spain, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Portugal, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.9% per year) and Portugal (+8.8% per year).

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, growing by 20% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 32%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform