Spain: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Spain

In 2022, the Spanish non-aqueous paint and varnish market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a abrupt decline. Non-aqueous paint and varnish consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Spain

In value terms, non-aqueous paint and varnish production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible slump. Non-aqueous paint and varnish production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Spain

In 2022, exports of paints and varnishes dispersed or dissolved in a non-aqueous medium from Spain shrank to X tons, which is down by -7.2% on the previous year's figure. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, non-aqueous paint and varnish exports contracted slightly to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.6% against 2014 indices. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

France (X tons), Portugal (X tons) and Germany (X tons) were the main destinations of non-aqueous paint and varnish exports from Spain, with a combined 36% share of total exports. Italy, Poland, the Netherlands, Belgium, the United States, the UK, Turkey, Morocco and Cuba lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +13.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-aqueous paint and varnish exported from Spain were France ($X), Portugal ($X) and Germany ($X), with a combined 38% share of total exports. Italy, Poland, the Netherlands, the United States, Belgium, the UK, Turkey, Morocco and Cuba lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Morocco, with a CAGR of +13.8%, 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 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, growing by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2018 an increase of 9%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 Morocco (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Spain

After three years of growth, purchases abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -14.4% 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 most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, non-aqueous paint and varnish imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Italy (X tons), France (X tons) and Germany (X tons) were the main suppliers of non-aqueous paint and varnish imports to Spain, together comprising 62% of total imports. Portugal, the UK, Poland, the Netherlands and Belgium lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +33.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish suppliers to Spain were France ($X), Italy ($X) and Germany ($X), together comprising 64% of total imports. Portugal, the UK, the Netherlands, Poland and Belgium lagged somewhat behind, together accounting for a further 29%.

Poland, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of imports, among 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 non-aqueous paint and varnish import price stood at $X per ton in 2022, with an increase of 7.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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