Europe: Paint And Varnish Market 2024

Paint And Varnish Market Size in Europe

The Europe paint and varnish market rose to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, showed a slight slump. The most prominent rate of growth was recorded in 2020 when the market value increased by X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Paint And Varnish Production in Europe

In value terms, paint and varnish production expanded to $X in 2022 estimated in export price. In general, production, however, showed a mild curtailment. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Paint And Varnish Exports

Exports in Europe

In 2022, after six years of growth, there was significant decline in shipments abroad of paints and varnishes, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, paint and varnish exports shrank to $X in 2022. The total export value increased at an average annual rate of X% over the period 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 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank slightly in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), France (X tons), the UK (X tons), Spain (X tons), Poland (X tons) and Belgium (X tons) represented the largest exporters of paints and varnishes, together committing X% of total exports. Sweden (X tons), Austria (X tons), Russia (X tons), Denmark (X tons) and Greece (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X) remains the largest paint and varnish supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In Germany, paint and varnish exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Paint And Varnish Imports

Imports in Europe

In 2022, overseas purchases of paints and varnishes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, paint and varnish imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The purchases of the twelve major importers of paints and varnishes, namely Germany, France, Belgium, Poland, the Netherlands, Russia, the UK, Spain, Austria, Italy, the Czech Republic and Sweden, represented more than two-thirds of total import. Romania (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Poland, the Netherlands, Italy, Russia, Spain, the UK, the Czech Republic, Austria, Sweden and Romania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Italy, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform