Eastern Europe: Paint And Varnish Market 2024

Paint And Varnish Market Size in Eastern Europe

The East European paint and varnish market was estimated at $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded a slight reduction. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Paint And Varnish Production in Eastern Europe

In value terms, paint and varnish production stood at $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Paint And Varnish Exports

Exports in Eastern Europe

In 2022, the amount of paints and varnishes exported in Eastern Europe fell to X tons, reducing by X% on the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, paint and varnish exports contracted to $X in 2022. Total exports indicated moderate growth 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, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, Poland (X tons) represented the largest exporter of paints and varnishes, committing X% of total exports. Russia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%) and Belarus (X%). Estonia (X tons), Lithuania (X tons) and Hungary (X tons) took a little share of total exports.

Poland was also the fastest-growing in terms of the paints and varnishes exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%), the Czech Republic (X%) and Russia (X%) displayed positive paces of growth. Hungary and Lithuania experienced a relatively flat trend pattern. By contrast, Estonia (X%) illustrated a downward trend over the same period. Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania, Russia and Estonia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest paint and varnish supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Poland totaled X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Paint And Varnish Imports

Imports in Eastern Europe

Paint and varnish imports dropped to X tons in 2022, with a decrease of X% on 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, paint and varnish imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Poland (X tons) and Russia (X tons) were the major importers of paints and varnishes in 2022, resulting at near X% and X% of total imports, respectively. The Czech Republic (X tons) ranks next in terms of the total imports with a X% share, followed by Romania (X%), Slovakia (X%), Hungary (X%) and Lithuania (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Romania, Hungary, Slovakia and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Poland ($X per ton), while Slovakia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform