Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark - 2023

Contents:

  1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark (CIF) - 2023
  2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark (FOB) - 2022
  3. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark
  4. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark (CIF) - 2023

The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $7,629 per ton in October 2023, surging by 9.1% against the previous month. Overall, import price indicated perceptible growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium increased by +498.4% against June 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 423% m-o-m. Over the period under review, average import prices reached the peak figure in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($11,472 per ton), while the price for France ($3,177 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark (FOB) - 2022

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $10,533 per ton, picking up by 5.3% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium increased by +25.1% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 18%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($44,215 per ton), while the average price for exports to Iceland ($4,333 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 Hungary (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark

In 2022, approx. 4.8K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were imported into Denmark; waning by -24.2% on the previous year's figure. Over the period under review, imports showed a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, imports attained the peak of 6.4K tons, and then declined significantly in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium declined sharply to $30M in 2022. Overall, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of $39M, and then declined remarkably in the following year.

Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany6.25.97.48.812.4%
Sweden9.39.59.77.3-7.8%
Poland4.13.65.63.5-5.1%
Belgium2.32.02.93.515.0%
Norway3.21.63.11.4-24.1%
Spain1.51.42.21.3-4.7%
United Kingdom1.82.61.71.2-12.6%
Italy1.11.42.31.10.0%
Finland0.50.50.10.1-41.5%
Others2.83.03.51.7-15.3%
Total32.631.638.629.8-2.9%

Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Denmark in 2022:

  1. Sweden (1604.2 tons)
  2. Poland (762.0 tons)
  3. Germany (741.0 tons)
  4. Belgium (710.0 tons)
  5. Italy (240.3 tons)
  6. Norway (206.8 tons)
  7. United Kingdom (195.7 tons)
  8. Spain (189.8 tons)
  9. Finland (13.1 tons)

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark

In 2022, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -24.3% to 1.6K tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 65%. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium contracted remarkably to $17M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 66% against the previous year.

Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Denmark (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary3.44.45.25.315.9%
Sweden3.37.02.84.712.5%
Norway0.20.30.51.6100.0%
Germany0.51.41.41.440.9%
SpainN/A0.12.30.8182.8%
Faroe Islands0.10.20.60.458.7%
Greenland0.30.90.40.30.0%
France0.40.70.70.2-20.6%
United Kingdom0.90.60.50.2-39.4%
Estonia1.31.0N/AN/A-23.1%
Turkey0.40.5N/AN/A25.0%
Others0.71.96.51.837.0%
Total11.419.020.916.713.6%

Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Denmark in 2022:

  1. Sweden (685.6 tons)
  2. Norway (163.9 tons)
  3. Hungary (120.8 tons)
  4. Spain (115.4 tons)
  5. Germany (114.7 tons)
  6. Faroe Islands (83.4 tons)
  7. Greenland (47.4 tons)
  8. France (23.7 tons)
  9. United Kingdom (20.7 tons)
  10. Estonia (0.8 tons)
  11. Turkey (0.1 tons)

Source: IndexBox Market Intelligence Platform

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