Sweden: Paint And Varnish Market 2024

Paint And Varnish Market Size in Sweden

The Swedish paint and varnish market contracted to $X in 2022, shrinking by -10.9% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Paint And Varnish Production in Sweden

In value terms, paint and varnish production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Paint and varnish production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Paint And Varnish Exports

Exports from Sweden

After two years of growth, shipments abroad of paints and varnishes decreased by -13.6% to X tons in 2022. Overall, exports showed a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 11%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, paint and varnish exports fell to $X in 2022. In general, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 12%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons), Denmark (X tons) and the Netherlands (X tons) were the main destinations of paint and varnish exports from Sweden, with a combined 39% share of total exports. The UK, Poland, Germany, Finland, Estonia, the United States, Lithuania, Turkey, the Czech Republic and Italy lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +30.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paint and varnish exported from Sweden were Norway ($X), Denmark ($X) and the United States ($X), with a combined 36% share of total exports. The Netherlands, Finland, Poland, Germany, the UK, Estonia, Lithuania, Turkey, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 49%.

In terms of the main countries of destination, Italy, with a CAGR of +23.6%, 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

In 2022, the average paint and varnish export price amounted to $X per ton, increasing by 6.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 7.8%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the 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 United States ($X per ton), while the average price for exports to the UK ($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 the United States (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Paint And Varnish Imports

Imports into Sweden

After four years of growth, supplies from abroad of paints and varnishes decreased by -4.4% to X tons in 2022. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, paint and varnish imports dropped to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Denmark (X tons), Finland (X tons) and Germany (X tons) were the main suppliers of paint and varnish imports to Sweden, together comprising 57% of total imports. Norway, Italy, the UK, the Netherlands, Poland and Estonia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paint and varnish suppliers to Sweden were Germany ($X), Denmark ($X) and Finland ($X), with a combined 51% share of total imports. Norway, the UK, the Netherlands, Italy, Poland and Estonia lagged somewhat behind, together comprising a further 36%.

Poland, with a CAGR of +9.3%, recorded the highest growth rate of 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

In 2022, the average paint and varnish import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 9% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($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 (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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