Report Update: Apr 1, 2024

Israel - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights

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Paint and Varnish Price in Israel - 2023

Paint and Varnish Price in Israel (CIF) - 2022

In 2022, the average paint and varnish import price amounted to $5,543 per ton, increasing by 8.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 9.6%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($6,172 per ton) and the UK ($5,845 per ton), while the price for Belgium ($4,197 per ton) and Germany ($5,261 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Paint and Varnish Price in Israel (FOB) - 2022

In 2022, the average paint and varnish export price amounted to $4,809 per ton, shrinking by -4.3% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paint and varnish export price decreased by -26.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $6,562 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($5,773 per ton), while the average price for exports to Jamaica ($3,100 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Paint and Varnish Imports in Israel

In 2022, supplies from abroad of paints and varnishes decreased by -9.3% to 18K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2021 when imports increased by 4.1%. As a result, imports reached the peak of 20K tons, and then reduced in the following year.

In value terms, paint and varnish imports declined modestly to $102M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of $104M, and then contracted slightly in the following year.

Import of Paint and Varnish in Israel (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	17.0	16.0	18.5	18.3	2.5%
Germany	12.7	14.4	16.8	16.4	8.9%
United States	14.1	12.5	13.0	15.3	2.8%
Japan	7.3	0.1	11.2	12.2	18.7%
Spain	6.0	5.6	6.9	6.3	1.6%
United Kingdom	2.4	2.5	4.4	6.0	35.7%
Netherlands	4.8	7.3	5.7	5.1	2.0%
Belgium	5.6	14.7	5.0	4.4	-7.7%
China	2.3	2.8	4.1	3.6	16.1%
Turkey	2.8	3.2	2.6	2.5	-3.7%
Greece	2.1	4.4	5.2	1.6	-8.7%
Others	7.8	7.6	10.5	10.4	10.1%
Total	85.0	91.1	104	102	6.3%

Top Suppliers of Paint and Varnish to Israel in 2022:

Italy (3.2K tons)
Germany (3.1K tons)
United States (2.8K tons)
Japan (2.0K tons)
Spain (1.1K tons)
United Kingdom (1.0K tons)
Belgium (1.0K tons)
Netherlands (0.9K tons)
China (0.6K tons)
Turkey (0.4K tons)
Greece (0.3K tons)

Paint and Varnish Exports in Israel

In 2022, approx. 1.5K tons of paints and varnishes were exported from Israel; remaining constant against the previous year's figure. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 40%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, paint and varnish exports contracted slightly to $7M in 2022. In general, exports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 7.5%.

Export of Paint and Varnish in Israel (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	815	1,764	2,146	1,241	15.0%
Jamaica	611	321	224	1,106	21.9%
Germany	255	533	938	864	50.2%
France	218	308	523	424	24.8%
Slovenia	230	727	691	424	22.6%
Italy	62.0	79.0	166	334	75.3%
Russia	211	111	123	325	15.5%
Poland	507	241	73.0	291	-16.9%
Greece	759	647	460	233	-32.5%
Bulgaria	126	175	152	215	19.5%
Georgia	N/A	N/A	N/A	177	0%
United States	176	85.0	127	170	-1.1%
India	153	129	404	169	3.4%
Others	3,511	1,646	1,246	1,071	-32.7%
Total	7,634	6,766	7,273	7,044	-2.6%

Top Export Markets for Paint and Varnish from Israel in 2022:

Jamaica (356.8 tons)
United Kingdom (216.0 tons)
Germany (155.8 tons)
Russia (78.1 tons)
France (73.4 tons)
Slovenia (73.4 tons)
Italy (57.9 tons)
Poland (55.3 tons)
Bulgaria (49.3 tons)
Greece (41.0 tons)
Georgia (38.9 tons)
United States (36.4 tons)
India (30.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the paint and varnish market in Israel. 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:

Israel

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Israel
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023