Oil and Water Paints and Varnishes Market

Oil and water paints and varnishes market: download the most recent information secured by an Ai-driven business intelligence platform. Facts and figures provide trade, consumption, market prices, production, companies, imports, exports, and market size. There is a split by region, including the Middle East, EU, Russia, Latin America, the U.K., Africa, the U.S., and China. Market trends and outlook to 2030 are also featured in the snapshots.


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Oil and Water Paints and Varnishes - World's Largest Markets

RatingCountry
1China
2United States
3Japan
4Germany
5Indonesia

In value terms, the largest oil and water paints and varnishes markets worldwide were China, the United States and Japan, together comprising 52% of the global market. These countries were followed by Germany, Indonesia, Italy, South Korea, Russia, Thailand, Iran, Egypt and Turkey, which together accounted for a further 27%.

In terms of the main consuming countries, Indonesia recorded the highest growth rate of market size, over the period under review, while market of oil and water paints and varnishes for the other global leaders experienced more modest paces of growth.

Oil And Water Paints And Varnishes Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Belarus205315591715-8.6%
Spain302128692729-5.0%
Turkey2733292330846.2%
Belgium2776345231586.7%
China3401367836283.3%
Italy395637403635-4.1%
Singapore492747073968-10.3%
Taiwan (Chinese)422240854016-2.5%
Netherlands4574432647401.8%
Germany6299600563870.7%
South Korea909772767537-9.0%
Switzerland7261705676412.6%
United States60087184790114.7%
Average4559442946100.6%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($7,901 per ton), while Belarus ($1,715 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Thailand629059795710-4.7%
United Kingdom42274524563115.4%
Germany5092502555674.6%
Vietnam4321443950898.5%
Poland4350458050287.5%
France430140494216-1.0%
Italy3839400242034.6%
Russia465142244144-5.6%
Turkey503940444132-9.4%
Spain427236443929-4.1%
China23793127351621.6%
Romania365029862501-17.2%
Japan202416781570-11.9%
Average3710376640264.2%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Thailand ($5,710 per ton), while Japan ($1,570 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Oil and Water Paints and Varnishes - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
China768774-1.6%
Poland33354618.2%
United Kingdom3332342.1%
Russia3030311.1%
Spain323230-2.7%

In value terms, China ($74M), Poland ($46M) and the UK ($34M) constituted the countries with the highest levels of imports in 2020, with a combined 19% share of global imports. Russia, Spain, Germany, Turkey, Vietnam, Thailand, France, Japan, Italy and Romania lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Thailand recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Oil and Water Paints and Varnishes - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Germany1151131181.3%
United States696158-8.3%
Italy565751-4.4%
Taiwan (Chinese)594646-12.1%
Switzerland474437-11.4%

In value terms, Germany ($118M) remains the largest oil and water paints and varnishes supplier worldwide, comprising 18% of global exports. The second position in the ranking was occupied by the United States ($58M), with a 9% share of global exports. It was followed by Italy, with a 8% share.

In Germany, exports of oil and water paints and varnishes expanded at an average annual rate of +1.3% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United States (-8.3% per year) and Italy (-4.4% per year).

Oil and Water Paints and Varnishes - Market Forecast

Driven by increasing demand for oil and water paints and varnishes worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Oil and Water Paints and Varnishes - Product Coverage

  • HS 3210 - Paints and varnishes (including enamels, lacquers and distempers), excluding those of heading no. 3209, prepared water pigments of a kind used for finishing leather
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World - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for oil and water paints and varnishes.

Africa - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Africa.

Latin America and the Caribbean - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Latin America and the Caribbean.

Eastern Asia - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Eastern Asia.

South-Eastern Asia - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in South-Eastern Asia.

Middle East - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in the Middle East.

Australia and Oceania - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Australia and Oceania.

Southern Asia - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Southern Asia.

Central Asia - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Central Asia.

Northern America - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Northern America.

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