Oil Paint and Varnish Market

Oil paint and varnish market: get access to recently published statistics provided by an Ai-driven business intelligence platform. Statistics cover trade, market size, consumption, companies, imports, exports, production, and market prices. Here is a breakdown by region, including the U.K., Russia, China, Africa, the Middle East, EU, Latin America, and the U.S. Market trends and outlook to 2030 are also featured in the reports.


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Oil Paint and Varnish - World's Largest Markets

RatingCountry
1Germany
2Italy
3France
4Finland
5Czech Republic

In value terms, Germany led the market, alone. The second position in the ranking was occupied by Italy. It was followed by France.

From 2018 to 2020, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining consuming countries recorded the following average annual rates of market growth: Italy (-0.8% per year) and France (-6.1% per year).

Oil Paint And Varnish Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Belgium2091203024408.0%
Finland315630523148-0.1%
Spain371933933531-2.6%
Poland4142483049098.9%
Sweden4647435154688.5%
Netherlands10686922710508-0.8%
Germany1120910944119883.4%
Average5951566067856.8%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($11,988 per ton), while Belgium ($2,440 per ton) was amongst the lowest.

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

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Czech Republic115681006910947-2.7%
Netherlands8738941891282.2%
Austria988391916905-16.4%
Denmark49535160606010.6%
Ireland780170775690-14.6%
France4755588656198.7%
Finland932377545587-22.6%
Sweden598053365558-3.6%
Belgium602956365524-4.3%
Lithuania30672868428318.2%
Poland3030293234136.1%
Spain431930643159-14.5%
Romania2519313726001.6%
Average480147264638-1.7%

Prices varied noticeably by the country of destination; the country with the highest price was the Czech Republic ($10,947 per ton), while Romania ($2,600 per ton) was amongst the lowest.

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

Oil Paint and Varnish - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Poland9.28.91422.3%
Spain7.68.29.210.3%
Romania3.55.88.455.1%
Czech Republic5.76.67.918.3%
Netherlands3.26.86.643.9%

In value terms, Poland ($14M), Spain ($9.2M) and Romania ($8.4M) were the countries with the highest levels of imports in 2020, with a combined 35% share of global imports. The Czech Republic, the Netherlands, Sweden, Ireland, Denmark, Austria, France, Belgium, Finland and Lithuania lagged somewhat behind, together comprising a further 47%.

Ireland (+96.0% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Oil Paint and Varnish - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Germany5756645.2%
Belgium13139.4-13.5%
Spain5.45.96.16.2%
Sweden3.135.635.2%
Netherlands4.74.75.14.1%

In value terms, Germany ($64M) remains the largest oil paint and varnish supplier worldwide, comprising 58% of global exports. The second position in the ranking was occupied by Belgium ($9.4M), with a 8.5% share of global exports. It was followed by Spain, with a 5.6% share.

From 2018 to 2020, the average annual growth rate of value in Germany amounted to +5.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-13.5% per year) and Spain (+6.2% per year).

Oil Paint and Varnish - Market Forecast

Depressed by shrinking demand for oil paint and varnish worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Oil Paint and Varnish - Product Coverage

  • HS 32100010
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