The European sold production of oil paints and varnishes in 2023 saw Germany leading significantly with a value of 109.08 million Euros, followed by Italy (14.558 million Euros), and Denmark (13.438 million Euros). Germany marked a year-on-year growth of 7.55%, and Italy saw a modest increase of 3.4%. Denmark experienced the highest growth at 34.84%. On the other hand, France and Spain saw declines of -0.99% and -25.52%, respectively. Bulgaria and Portugal also experienced negative growth rates of -8.42% and -10.09%, indicating potential market challenges. Smaller markets like Poland and Serbia along with Croatia showed positive albeit minimal growth rates. Future trends to watch include:
• Germany maintaining its dominant position with robust growth.
• Potential market recovery in France and Spain.
• Continued significant growth in Denmark.
• Attention to smaller markets like Serbia and Croatia for emerging opportunities.
• Market volatility in countries with negative growth like Bulgaria and Portugal.
Top countries in Sold Production of Oil Paints and Varnishes by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 109,080,000 | 2023 | +3.8% | +7.55% | View data |
| 2 | 2 Italy | 14,558,000 | 2023 | +2.65% | +3.4% | View data |
| 3 | 3 Denmark | 13,438,000 | 2023 | +19.8% | +34.84% | View data |
| 4 | 4 Finland | 12,994,000 | 2023 | +1.29% | +2.31% | View data |
| 5 | 5 Belgium | 12,319,000 | 2021 | -7.25% | View data | |
| 6 | 6 France | 9,768,700 | 2023 | -2.67% | -0.99% | View data |
| 7 | 7 Serbia | 3,445,100 | 2023 | +3.62% | +5.06% | View data |
| 8 | 8 Spain | 2,584,100 | 2023 | -2.95% | -25.52% | View data |
| 9 | 9 Croatia | 1,988,900 | 2023 | +2.56% | +3.42% | View data |
| 10 | 10 Poland | 606,810 | 2023 | -1.98% | +1.12% | View data |
