Finland: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Finland

The Finnish market for paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021, growing by 25% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Finland

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers reduced markedly to $X in 2021 estimated in export price. Overall, production continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Finland

In 2021, shipments abroad of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 53% to X units, rising for the second consecutive year after two years of decline. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. Over the period under review, the exports of hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. Over the period under review, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X units), Russia (X units) and Sweden (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Finland, together accounting for 79% of total exports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +64.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for paint, distemper, varnish or similar brush, paint pad and roller exports from Finland, comprising 57% of total exports. The second position in the ranking was taken by Estonia ($X), with a 22% share of total exports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+10.8% per year) and Sweden (+47.5% per year).

Export Prices by Country

The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, rising by 16% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Finland

In 2021, overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 20% to X units, rising for the fourth consecutive year after three years of decline. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 41%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), China (X units) and Germany (X units) were the main suppliers of imports of paint, distemper, varnish or similar brushes, paint pads and rollers to Finland, with a combined 87% share of total imports. Latvia and the Netherlands lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the biggest increases were in Latvia (with a CAGR of +99.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Finland, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Germany (-1.9% per year).

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, increasing by 5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 7.5% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :