EU - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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EU - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: May 13, 2022

EU Paint and Varnish Exports Peak at $13.9B

IndexBox has just published a new report: 'EU - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The paint and varnish market in the European Union was estimated at $16.7B in 2021. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediaries' margins, which will be included in the final consumer price).

In 2021, consumption of paints and varnishes in the European Union totaled approx. 5.4M tonnes. Overall, consumption saw a perceptible decrease over the last fourteen years.

EU Paint and Varnish Production

In 2021, production of paints and varnishes in the European Union was estimated at approx. 6.3M tonnes. Over the period under review, production continues to indicate a mild descent.

Germany constituted the country with the largest volume of paint and varnish production, comprising approx. 27% of total volume. Moreover, paint and varnish production in Germany exceeded the figures recorded by the second-largest producer, France, twofold. The third position in this ranking was occupied by Spain with a 12% share.

In Germany, paint and varnish production remained relatively stable over the period from 2007-2021. In the other countries, the average annual rates were as follows: France (-1.3% per year) and Spain (-1.1% per year).

EU Paint and Varnish Exports

In 2021, the volume of paints and varnishes exported in the European Union amounted to 3.3M tonnes, surging by 7.8% against the previous year's figure. The total export volume increased at an average annual rate of +1.7% over the period from 2007 to 2021.

In value terms, paint and varnish exports surged to $13.9B in 2021. The total export value increased at an average annual rate of +1.9% from 2007 to 2021.

Exports by Country

In 2021, Germany (861K tonnes), distantly followed by Italy (459K tonnes), France (301K tonnes), the Netherlands (299K tonnes), Poland (235K tonnes), Spain (222K tonnes), Belgium (174K tonnes) and Sweden (165K tonnes) were the main exporters of paints and varnishes, together making up 83% of total supplies.

In value terms, Germany ($4.2B) remains the largest paint and varnish supplier in the European Union, comprising 30% of total exports. The second position in the ranking was occupied by Italy ($2B), with a 14% share of total supplies. It was followed by the Netherlands, with a 9.9% share.

From 2007 to 2021, the average annual rate of growth in terms of value in Germany amounted to +1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+3.1% per year) and the Netherlands (+3.4% per year).

Export Prices by Country

The paint and varnish export price in the European Union stood at $4,237 per tonne in 2021, picking up by 11% against the previous year. Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($6,122 per tonne), while Poland ($3,018 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.3%), while the other leaders experienced more modest paces of growth.

EU Paint and Varnish Imports

In 2021, approx. 2.5M tonnes of paints and varnishes were imported in the European Union; increasing by 8.2% against 2020 figures. The total import volume increased at an average annual rate of +1.7% over the period from 2007 to 2021.

In value terms, paint and varnish imports surged to $10B in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2007 to 2021.

Imports by Country

Germany (276K tonnes), France (243K tonnes), Poland (234K tonnes), the Netherlands (221K tonnes), Belgium (208K tonnes), Spain (179K tonnes), Italy (123K tonnes), Austria (118K tonnes), the Czech Republic (109K tonnes), Sweden (93K tonnes), Romania (90K tonnes) and Portugal (76K tonnes) represented roughly 80% of total imports of paints and varnishes in 2021. Slovakia (65K tonnes) followed a long way behind the leaders.

In value terms, Germany ($1.2B), Poland ($968M) and France ($967M) constituted the countries with the highest levels of imports in 2021, together comprising 31% of total purchases. These countries were followed by the Netherlands, Belgium, Spain, Italy, the Czech Republic, Austria, Sweden, Portugal, Romania and Slovakia, which together accounted for a further 52%.

The Netherlands, with a CAGR of +5.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries from 2007-2021, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the paint and varnish import price in the European Union amounted to $4,078 per tonne, increasing by 10% against the previous year. Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($4,920 per tonne) and Italy ($4,745 per tonne), while Romania ($3,292 per tonne) and Slovakia ($3,391 per tonne) were amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the paint and varnish market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Product coverage:
• Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
• Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
• Prodcom 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
• Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
• Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
• Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
• Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
• Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.
• Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
• Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Physical Terms, By Country, 2007–2021
Table 7:
Imports, In Value Terms, By Country, 2007–2021
Table 8:
Import Prices, By Country Of Destination, 2007–2021
Table 9:
Exports, In Physical Terms, By Country, 2007–2021
Table 10:
Exports, In Value Terms, By Country, 2007–2021
Table 11:
Export Prices, By Country Of Origin, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2021
Figure 17:
Production, In Value Terms, 2007–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2007–2021
Figure 20:
Imports, In Physical Terms, 2007–2021
Figure 21:
Imports, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2007–2021
Figure 24:
Imports, In Value Terms, By Country, 2007–2021
Figure 25:
Import Prices, By Country, 2007–2021
Figure 26:
Exports, In Physical Terms, 2007–2021
Figure 27:
Exports, In Value Terms, 2007–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2007–2021
Figure 30:
Exports, In Value Terms, By Country, 2007–2021
Figure 31:
Export Prices, 2007–2021
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