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EU - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

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 tons. 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 tons. 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 tons, 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 tons), distantly followed by Italy (459K tons), France (301K tons), the Netherlands (299K tons), Poland (235K tons), Spain (222K tons), Belgium (174K tons) and Sweden (165K tons) 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 ton 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 ton), while Poland ($3,018 per ton) 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 tons 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 tons), France (243K tons), Poland (234K tons), the Netherlands (221K tons), Belgium (208K tons), Spain (179K tons), Italy (123K tons), Austria (118K tons), the Czech Republic (109K tons), Sweden (93K tons), Romania (90K tons) and Portugal (76K tons) represented roughly 80% of total imports of paints and varnishes in 2021. Slovakia (65K tons) 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 ton, 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 ton) and Italy ($4,745 per ton), while Romania ($3,292 per ton) and Slovakia ($3,391 per ton) 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.

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Source: IndexBox Market Intelligence 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 2030.

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)

Country coverage:

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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