Sweden: Market for Oil And Water Paints And Varnishes 2025

Market Size for Oil And Water Paints And Varnishes in Sweden

For the third year in a row, the Swedish market for oil and water paints and varnishes recorded growth in sales value, which increased by 6.2% to $X in 2021. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Production of Oil And Water Paints And Varnishes in Sweden

In value terms, production of oil and water paints and varnishes declined notably to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 103% against the previous year. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Oil And Water Paints And Varnishes

Exports from Sweden

For the third consecutive year, Sweden recorded growth in overseas shipments of oil and water paints and varnishes, which increased by 6.7% to X tons in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +3.1% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 23%. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of oil and water paints and varnishes surged to $X in 2021. The total export value increased at an average annual rate of +7.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Norway (X tons) was the main destination for exports of oil and water paints and varnishes from Sweden, with a 21% share of total exports. Moreover, exports of oil and water paints and varnishes to Norway exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+14.0% per year) and Germany (+13.1% per year).

In value terms, Norway ($X), Germany ($X) and Poland ($X) constituted the largest markets for oil and water paints and varnishes exported from Sweden worldwide, together accounting for 34% of total exports. These countries were followed by Russia, France, Denmark, the Netherlands, the UK, the Czech Republic, Italy, Lithuania, Finland and South Africa, which together accounted for a further 41%.

In terms of the main countries of destination, South Africa, with a CAGR of +32.8%, 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

In 2021, the average export price for oil and water paints and varnishes amounted to $X per ton, rising by 12% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Denmark ($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 Denmark (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Sweden

In 2021, the amount of oil and water paints and varnishes imported into Sweden dropped to X tons, waning by -8.6% on the year before. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 2.5%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of oil and water paints and varnishes skyrocketed to $X in 2021. In general, imports recorded a slight setback. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of imports of oil and water paints and varnishes to Sweden, with a combined 71% share of total imports. These countries were followed by Denmark, Belgium, Estonia, Japan, the UK and Poland, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +104.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oil and water paints and varnishes suppliers to Sweden were Germany ($X), the Netherlands ($X) and Finland ($X), together accounting for 77% of total imports. Belgium, Denmark, Japan, the UK, Estonia and Poland lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Japan, with a CAGR of +112.3%, recorded the highest growth rate of the value of imports, 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 oil and water paints and varnishes stood at $X per ton in 2021, increasing by 26% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for oil and water paints and varnishes increased by +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :