Overview of the Global Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

After three years of growth, the global aqueous paint and varnish market decreased by -4.8% to $X in 2021. The market value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

In value terms, aqueous paint and varnish production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports

In 2021, approx. X tons of paints and varnishes dispersed or dissolved in an aqueous medium were exported worldwide; growing by 8.1% compared with the year before. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aqueous paint and varnish exports surged to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), the Netherlands (X tons), Italy (X tons) and the UK (X tons) were the major exporters of paints and varnishes dispersed or dissolved in an aqueous medium, together comprising 41% of total exports. The following exporters - Turkey (X tons), Sweden (X tons), Spain (X tons), Poland (X tons), Belgium (X tons), the United States (X tons), Denmark (X tons) and Austria (X tons) - together made up 26% of total exports.

Exports from Germany increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Poland (+9.5%), Turkey (+5.9%), Italy (+5.3%), France (+5.3%), Denmark (+4.5%), Austria (+3.4%), Sweden (+3.2%) and Belgium (+1.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.5% from 2012-2021. The UK, the Netherlands and Spain experienced a relatively flat trend pattern. By contrast, the United States (-11.9%) illustrated a downward trend over the same period. Poland (+1.7 p.p.) and France (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Germany and the United States saw its share reduced by -1.6% and -6.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, together comprising 38% of global exports. The Netherlands, France, Belgium, the UK, Sweden, Spain, Austria, Poland, Denmark and Turkey lagged somewhat behind, together accounting for a further 37%.

Poland, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of exports, among 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

The average aqueous paint and varnish export price stood at $X per ton in 2021, surging by 9.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+17.0%), while the other global leaders experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports

In 2021, overseas purchases of paints and varnishes dispersed or dissolved in an aqueous medium were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aqueous paint and varnish imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), France (X tons), Germany (X tons), Poland (X tons), the UK (X tons), Mexico (X tons), Belgium (X tons), the Netherlands (X tons), China (X tons), Russia (X tons), Sweden (X tons) and the Czech Republic (X tons) represented roughly 45% of total imports in 2021. Austria (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +7.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, with a combined 18% share of global imports. These countries were followed by Poland, Belgium, the Netherlands, China, the UK, Mexico, the Czech Republic, Russia, Sweden and Austria, which together accounted for a further 32%.

Among the main importing countries, Poland, with a CAGR of +6.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average aqueous paint and varnish import price stood at $X per ton in 2021, with an increase of 9.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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