Slovakia - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

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

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Paint and Varnish Price in Slovakia - 2023

Contents:

  1. Paint and Varnish Price in Slovakia (CIF) - 2023
  2. Paint and Varnish Price in Slovakia (FOB) - 2023
  3. Paint and Varnish Imports in Slovakia
  4. Paint and Varnish Exports in Slovakia

Paint and Varnish Price in Slovakia (CIF) - 2023

In July 2023, the average paint and varnish import price amounted to $3,712 per ton, which is down by -4.7% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 36% against the previous month. Over the period under review, average import prices attained the peak figure at $3,896 per ton in June 2023, and then reduced modestly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($6,588 per ton), while the price for Serbia ($702 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Paint and Varnish Price in Slovakia (FOB) - 2023

The average paint and varnish export price stood at $4,281 per ton in July 2023, with an increase of 9.2% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 15% month-to-month. The export price peaked at $4,942 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Belarus ($7,480 per ton), while the average price for exports to Ukraine ($1,309 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Paint and Varnish Imports in Slovakia

In 2022, purchases abroad of paints and varnishes decreased by -4.1% to 63K tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 6.3%. As a result, imports attained the peak of 79K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paint and varnish imports fell to $216M in 2022. Over the period under review, imports showed a slight downturn. The growth pace was the most rapid in 2021 when imports increased by 0.9%.

Import of Paint and Varnish in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany72.465.468.065.1-3.5%
Czech Republic40.744.444.847.15.0%
Poland25.524.126.624.9-0.8%
Italy13.112.613.414.33.0%
Austria11.510.110.79.2-7.2%
Sweden8.28.29.87.8-1.7%
France10.110.08.87.5-9.4%
United Kingdom5.95.05.24.9-6.0%
Hungary4.14.14.63.7-3.4%
Slovenia3.23.83.73.42.0%
Spain3.52.54.03.1-4.0%
Others29.928.320.725.0-5.8%
Total228218220216-1.8%

Top Suppliers of Paint and Varnish to Slovakia in 2022:

  1. Czech Republic (19.5K tons)
  2. Germany (14.4K tons)
  3. Poland (7.9K tons)
  4. France (3.8K tons)
  5. Italy (2.6K tons)
  6. Austria (2.1K tons)
  7. Slovenia (1.7K tons)
  8. Sweden (1.5K tons)
  9. United Kingdom (1.5K tons)
  10. Spain (1.4K tons)
  11. Hungary (1.2K tons)

Paint and Varnish Exports in Slovakia

In 2022, shipments abroad of paints and varnishes decreased by -17.6% to 5.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 8.7% against the previous year. As a result, the exports reached the peak of 6.4K tons, and then reduced dramatically in the following year.

In value terms, paint and varnish exports contracted to $23M in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of $24M, and then shrank slightly in the following year.

Export of Paint and Varnish in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic14.414.015.714.0-0.9%
Austria0.90.91.32.438.7%
Hungary1.11.21.41.48.4%
Germany0.60.70.41.329.4%
Croatia0.10.10.30.791.3%
Ukraine1.00.91.20.6-15.7%
Poland0.30.60.70.410.1%
Serbia0.50.40.40.4-7.2%
Others2.02.52.42.23.2%
Total21.021.323.823.43.7%

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

  1. Czech Republic (2928.4 tons)
  2. Austria (637.3 tons)
  3. Ukraine (424.4 tons)
  4. Hungary (339.0 tons)
  5. Germany (277.5 tons)
  6. Serbia (120.2 tons)
  7. Croatia (110.7 tons)
  8. Poland (56.9 tons)

Source: IndexBox Market Intelligence Platform

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

  • Slovakia

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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