Overview of the Global Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

The global aqueous paint and varnish market expanded to $X in 2023, increasing by X% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Global consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

In value terms, aqueous paint and varnish production stood at $X in 2023 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Global production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports

In 2023, the amount of paints and varnishes dispersed or dissolved in an aqueous medium exported worldwide shrank to X tons, dropping by X% on the year before. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The global exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, aqueous paint and varnish exports expanded modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs in 2023 and are likely to see gradual growth in the near future.

Exports by Country

In 2023, Germany (X tons), distantly followed by France (X tons), Italy (X tons), the Netherlands (X tons) and Spain (X tons) represented the major exporters of paints and varnishes dispersed or dissolved in an aqueous medium, together achieving X% of total exports. The UK (X tons), Sweden (X tons), Poland (X tons), Belgium (X tons), China (X tons), Turkey (X tons), the United States (X tons) and Denmark (X tons) took a minor share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of paints and varnishes dispersed or dissolved in an aqueous medium. At the same time, Poland (X%), China (X%), Italy (X%), France (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Belgium, Spain, Sweden and Turkey experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), the UK (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Germany (X p.p.) and the United States (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aqueous paint and varnish supplying countries worldwide were Germany ($X), the United States ($X) and Italy ($X), together comprising X% of global exports. The Netherlands, France, Belgium, the UK, Spain, Sweden, Poland, China, Denmark and Turkey lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average aqueous paint and varnish export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports

In 2023, overseas purchases of paints and varnishes dispersed or dissolved in an aqueous medium decreased by X% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of global imports remained at a lower figure.

In value terms, aqueous paint and varnish imports totaled $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, global imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

The purchases of the twelve major importers of paints and varnishes dispersed or dissolved in an aqueous medium, namely Canada, France, Germany, Poland, Belgium, Mexico, the UK, the Netherlands, the Czech Republic, Sweden, China and Russia, represented more than third of total import. Austria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest aqueous paint and varnish importing markets worldwide were Canada ($X), Germany ($X) and France ($X), together comprising X% of global imports. Poland, Mexico, the UK, Belgium, the Netherlands, China, the Czech Republic, Sweden, Russia and Austria lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Mexico, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average aqueous paint and varnish import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed modest growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Global import price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform