Overview of the Global Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

The global market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded slightly to $X in 2022, growing by 2.3% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market remained at a lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 9.9%. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were exported worldwide; reducing by -8% on the previous year. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 9.9%. The global exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium declined to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Germany was the main exporting country with an export of around X tons, which accounted for 23% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 7.3% share, followed by Italy (5.6%), Sweden (4.6%) and Poland (4.6%). The following exporters - France (X tons), Turkey (X tons), Denmark (X tons), the United States (X tons), Spain (X tons), the UK (X tons), Belgium (X tons) and the Czech Republic (X tons) - together made up 22% of total exports.

From 2012 to 2022, average annual rates of growth with regard to paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Germany stood at +1.5%. At the same time, Poland (+8.6%), Spain (+8.4%), Italy (+6.6%), the Czech Republic (+3.4%) and Denmark (+3.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +8.6% from 2012-2022. France, Sweden and Turkey experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.1%), Belgium (-1.2%), the UK (-1.3%) and the United States (-9.9%) illustrated a downward trend over the same period. While the share of Poland (+2.3 p.p.) and Italy (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Netherlands (-2.1 p.p.) and the United States (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, with a combined 45% share of global exports. Italy, Sweden, France, Poland, the UK, Denmark, Belgium, Spain, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

Poland, with a CAGR of +9.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, surging by 3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 11%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the Czech Republic ($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 United States (+17.4%), while the other global leaders experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports

In 2022, overseas purchases of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -3.7% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 11%. Global imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Canada (X tons), France (X tons), the UK (X tons), Poland (X tons), Germany (X tons), Belgium (X tons), China (X tons), the Netherlands (X tons), Mexico (X tons), Sweden (X tons), Russia (X tons) and Austria (X tons) represented roughly 47% of total imports in 2022. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +11.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X) constitutes the largest market for imported paints and varnishes, based on acrylic or vinyl polymers, aqueous medium worldwide, comprising 12% of global imports. The second position in the ranking was taken by France ($X), with a 5.1% share of global imports. It was followed by Germany, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value in Canada totaled +5.6%. In the other countries, the average annual rates were as follows: France (+1.2% per year) and Germany (+2.1% per year).

Import Prices by Country

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, picking up by 3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.8%. Global import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Belgium ($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 Netherlands (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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