Which Country Exports the Most Paints and Varnishes in the World?

Paints and Varnishes May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the global exports of paint and varnish stood at 2.7M tonnes, remaining stable against the previous year figure. Overall, paint and varnish exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when exports increased by 15% y-o-y. Over the period under review, global paint and varnish exports reached its maximum volume of 2.8M tonnes in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

In value terms, paint and varnish exports stood at $13B in 2016. Overall, paint and varnish exports continue to indicate a relatively flat trend pattern. Over the period under review, global paint and varnish exports attained its maximum level of $15B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Paint And Varnish Exporting Countries in the World

1. Germany (2,005.2 million USD)

2. Japan (1,398.1 million USD)

3. USA (1,368.2 million USD)

4. Italy (963.3 million USD)

5. France (627.2 million USD)

6. Netherlands (579.7 million USD)

7. Belgium (563.6 million USD)

8. United Kingdom (545.8 million USD)

9. South Korea (497.9 million USD)

10. China (446.9 million USD)

11. Spain (375.3 million USD)

12. Poland (303.4 million USD)

Paint And Varnish Exports By Country

In 2016, Germany (368K tonnes), Italy (249K tonnes), the U.S. (187K tonnes), France (134K tonnes), the UK (127K tonnes), China (121K tonnes), the Netherlands (114K tonnes), Spain (100K tonnes), Poland (99K tonnes), Japan (98K tonnes), Belgium (95K tonnes), and South Korea (91K tonnes) represented the main exporters of paint and varnish in the world, generating 66% of total export.

From 2007 to 2016, the most notable growth rate of paint and varnish exports, among the main exporting countries, was attained by Poland (+9.0% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($2B), Japan ($1.4B) and the U.S. ($1.4B) constituted the countries with the highest levels of exports in 2016, with a combined 37% share of global exports.Italy, France, the Netherlands, Belgium, the UK, South Korea, China, Spain and Poland lagged somewhat behind, together accounting for a further 38%.

South Korea (+8.5% per year) had the highest rates of growth with regard to the paint and varnish exports, among the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Paint And Varnish Export Prices By Country

In 2016, the average export price for paint and varnish amounted to $4,729 per tonne, shrinking by -1.7% against the previous year. In general, paint and varnish export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when it surged by 12% y-o-y. Over the period under review, average paint and varnish export price attained its maximum level of $5,391 per tonne in 2013; however, from 2014 to 2016, it failed to regain its strength.

Export prices varied noticeably by country of destination. the country with the highest export prices was Japan ($14 per kg), while Poland ($3,074 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of paint and varnish export prices was attained by China (+4.3% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global paint and varnish market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • paint and varnish market share
  • paint and varnish prices
  • paint and varnish industry
  • paint and varnish sales
  • paint and varnish import
  • paint and varnish export
  • paint and varnish market forecast
  • paint and varnish price forecast
  • key paint and varnish producers

All data provided in this article covers the following product: HS Code 3208 - Paints, varnishes; (enamels and lacquers) based on synthetic polymers or chemically modified natural polymers, dispersed or dissolved in a non-aqueous medium.

Source: World: Paints And Varnishes - Market Report. Analysis and Forecast to 2025