In 2023, Germany led European exports of organic composite solvents and thinners with a marginal growth rate of 0.41%. Spain, despite being a strong player with 191.58 million kilograms, saw a dramatic decline of 17.48%. Italy and Poland showed modest growth of 4.74% each. Slovakia and Hungary outperformed with significant increases of 22.08% and 16.6%, respectively, whereas the Netherlands saw a total cessation of exports. Other notable growth includes France (8.17%) and Austria (12.61%). Conversely, Portugal, Denmark, and Malta experienced significant downturns, with Cyprus marking a striking increase of 54.45% albeit from a low base.
Looking ahead, European exporters should monitor growing environmental regulations and advances in eco-friendly products, which may drive innovation and market shifts. Rising demand in emerging markets, coupled with technological advancements in sustainable practices, could reshape market dynamics and export strategies. Increased competition from global players outside Europe may also impact the perceived value and positioning of European exports.
Top countries in Export of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 192,110,000 | 2023 | -5.65% | +0.41% | View data |
| 2 | 2 Spain | 191,580,000 | 2023 | +7.73% | -17.48% | View data |
| 3 | 3 Italy | 87,477,000 | 2023 | +15.46% | +4.74% | View data |
| 4 | 4 Poland | 53,503,000 | 2023 | +4.53% | +4.74% | View data |
| 5 | 5 Netherlands | 32,999,000 | 2023 | -3.5% | View data | |
| 6 | 6 Slovakia | 29,184,000 | 2023 | +5.58% | +22.08% | View data |
| 7 | 7 France | 28,704,000 | 2023 | -7.93% | +8.17% | View data |
| 8 | 8 Bulgaria | 20,132,000 | 2023 | +5.81% | +7.57% | View data |
| 9 | 9 Hungary | 11,489,000 | 2023 | +6.03% | +16.6% | View data |
| 10 | 10 Slovenia | 8,216,600 | 2023 | +3.15% | +7.18% | View data |
