An analysis of the European export market for organic composite solvents and thinners reveals diverse country performance in 2023. Germany and Spain lead with nearly equal shares, despite Spain's significant year-on-year decline of 17.48%. Italy, Poland, and France show modest growth. The Netherlands experienced a drastic reduction of 100%. Other noteworthy changes include Slovakia's 22.08% growth and Hungary's 16.6% increase. Conversely, Denmark and Malta faced considerable declines, while Cyprus achieved remarkable growth at 54.45%.
Future trends to watch include:
- The potential recovery of Spain's export volumes.
- The sustainability of Slovakia's and Hungary's growth trajectories.
- Germany maintaining its leading position amid minor growth.
- The impact of ongoing economic and regulatory changes on smaller markets like Cyprus and Estonia.
Top countries in Export of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.11 | 2023 | -5.65% | +0.41% | View data |
| 2 | 2 Spain | 29.03 | 2023 | +7.73% | -17.48% | View data |
| 3 | 3 Italy | 13.26 | 2023 | +15.46% | +4.74% | View data |
| 4 | 4 Poland | 8.11 | 2023 | +4.53% | +4.74% | View data |
| 5 | 5 Netherlands | 5 | 2023 | -3.5% | View data | |
| 6 | 6 Slovakia | 4.42 | 2023 | +5.58% | +22.08% | View data |
| 7 | 7 France | 4.35 | 2023 | -7.93% | +8.17% | View data |
| 8 | 8 Bulgaria | 3.05 | 2023 | +5.81% | +7.57% | View data |
| 9 | 9 Hungary | 1.74 | 2023 | +6.03% | +16.6% | View data |
| 10 | 10 Slovenia | 1.25 | 2023 | +3.15% | +7.18% | View data |
