U.S.: Paint And Varnish Market 2025

Paint And Varnish Market Size in the U.S.

In 2022, the U.S. paint and varnish market increased by 1% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Paint And Varnish Production in the U.S.

In value terms, paint and varnish production totaled $X in 2022. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Paint And Varnish Exports

Exports from the U.S.

In 2022, exports of paints and varnishes from the United States declined to X tons, waning by -13.5% against the previous year. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 4.3%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, paint and varnish exports soared to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of paint and varnish exports from the United States, together comprising 78% of total exports. These countries were followed by Jamaica, which accounted for a further 1.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +9.1%), while the other leaders experienced a decline.

In value terms, Canada ($X), Mexico ($X) and China ($X) were the largest markets for paint and varnish exported from the United States worldwide, with a combined 75% share of total exports. Jamaica lagged somewhat behind, comprising a further 0.4%.

Jamaica, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paint and varnish export price stood at $X per ton in 2022, with an increase of 36% against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 105% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Jamaica ($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 China (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into the U.S.

In 2022, overseas purchases of paints and varnishes increased by 4.7% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, paint and varnish imports expanded rapidly to $X in 2022. Overall, total imports indicated a resilient increase 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, imports increased by +35.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of paint and varnish to the United States, accounting for a 34% share of total imports. Moreover, paint and varnish imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-1.4% per year) and Germany (-2.4% per year).

In value terms, Canada ($X) constituted the largest supplier of paints and varnishes to the United States, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Mexico, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and Mexico (+5.5% per year).

Import Prices by Country

In 2022, the average paint and varnish import price amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period under review, the import price showed prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 64% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Sweden ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :