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

Paints and Varnishes May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global paint and varnish imports amounted to 2.6M tonnes in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, an increase of 16% from the previous year level. Over the period under review, global paint and varnish imports attained its maximum volume of 2.7M tonnes in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

In value terms, paint and varnish imports stood at $12B in 2016. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. Over the period under review, global paint and varnish imports attained its maximum level of $13B in 2014; however, from 2015 to 2016, it failed to regain its strength.

Top Paint And Varnish Importing Countries in the World

1. Germany (651.0 million USD)

2. China (632.4 million USD)

3. USA (597.6 million USD)

4. Canada (543.4 million USD)

5. Russia (472.3 million USD)

6. France (415.5 million USD)

7. Netherlands (414.7 million USD)

8. Belgium (402.2 million USD)

9. Spain (375.7 million USD)

10. Poland (365.2 million USD)

11. United Kingdom (355.6 million USD)

12. Czech Republic (241.1 million USD)

Paint And Varnish Imports By Country

The imports of the twelve major importers of paint and varnish, namely Germany, Russia, the Netherlands, Canada, Spain, China, France, the UK, Belgium, Poland, the U.S., and Czech Republic, represented more than third of total import.

From 2007 to 2016, the most notable growth rate of paint and varnish imports, among the main importing countries, was attained by the Netherlands (+5.6% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($651M), China ($632M) and the U.S. ($598M) appeared as the countries with the highest levels of imports in 2016, with a combined 16% share of global imports. These countries were followed by Canada, Russia, France, the Netherlands, Belgium, Spain, Poland, the UK and Czech Republic, which together accounted for a further 31%.

The Netherlands (+2.7% per year) experienced the highest rates of growth with regard to the paint and varnish imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Paint And Varnish Import Prices By Country

The average paint and varnish import price stood at $4,411 per tonne in 2016, descending by -1.8% against the previous year. Overall, paint and varnish import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by 12% year-to-year. In that year, average paint and varnish import price attained its maximum level of $5,032 per tonne. From 2012 to 2016, growth of average paint and varnish import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($7,242 per tonne), while Czech Republic ($3,298 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of paint and varnish import prices was attained by China (+4.0% 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