Denmark: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Denmark

In 2022, after three years of growth, there was significant decline in the Danish market for oil and water paints and varnishes, when its value decreased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Production of Oil And Water Paints And Varnishes in Denmark

In value terms, production of oil and water paints and varnishes declined rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2021, and then fell remarkably in the following year.

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Exports of Oil And Water Paints And Varnishes

Exports from Denmark

In 2022, overseas shipments of oil and water paints and varnishes increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of oil and water paints and varnishes soared to $X in 2022. In general, exports recorded a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for exports of oil and water paints and varnishes from Denmark, with a X% share of total exports. Moreover, exports of oil and water paints and varnishes to Sweden exceeded the volume sent to the second major destination, Greenland (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (X% per year) and Germany (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for oil and water paints and varnishes exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Greenland ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average export price for oil and water paints and varnishes amounted to $X per ton, jumping by X% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 oil and water paints and varnishes increased by X% against 2015 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($X 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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Denmark

After two years of growth, overseas purchases of oil and water paints and varnishes decreased by X% to X tons in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, imports of oil and water paints and varnishes declined dramatically to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest oil and water paints and varnishes supplier to Denmark, with a X% share of total imports. Moreover, imports of oil and water paints and varnishes from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, Sweden ($X) constituted the largest supplier of oil and water paints and varnishes to Denmark, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for oil and water paints and varnishes stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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