In 2023, Germany led Europe's import of paints and varnishes based on acrylic or vinyl polymers, with 19.697 million kilograms, but recorded a minor growth of 0.26% year-on-year. Spain followed, showing strong import growth at 15.11%, indicative of a rising demand. The UK and Belgium's imports also rose significantly by 6.68% and 8.31% respectively. France, however, experienced a slight decline of 0.97%. Noteworthy increases were observed in Denmark and Luxembourg, at 21.38% and 22.3% respectively. Over the last five years, robust Consumer-Driven Growth is seen, suggesting a Compound Annual Growth Rate (CAGR) above average in many countries.
Future trends to watch include growing environmental regulations, which may drive innovation and demand for sustainable products across Europe. Additionally, economic fluctuations and Brexit repercussions could continue to impact trade patterns, especially between the UK and EU countries. Suppliers may need to adjust strategies to accommodate varying growth rates and regional demand shifts.
Top countries in Import of Paints and Varnishes, Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in Non-Aqueous Medium (Including Enamels and Lacquers) by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19,697,000 | 2023 | +6.27% | +0.26% | View data |
| 2 | 2 Spain | 12,077,000 | 2023 | +11.32% | +15.11% | View data |
| 3 | 3 United Kingdom | 7,635,300 | 2023 | +2.93% | +6.68% | View data |
| 4 | 4 France | 7,590,900 | 2023 | +1.09% | -0.97% | View data |
| 5 | 5 Belgium | 6,610,700 | 2023 | +3.17% | +8.31% | View data |
| 6 | 6 Netherlands | 6,274,800 | 2023 | +2.15% | +14.83% | View data |
| 7 | 7 Italy | 5,647,400 | 2023 | +1.27% | +2.67% | View data |
| 8 | 8 Austria | 4,530,600 | 2023 | +2.42% | +1.42% | View data |
| 9 | 9 Poland | 4,257,700 | 2023 | +1.03% | +0.38% | View data |
| 10 | 10 Portugal | 1,954,700 | 2023 | +2.86% | +2.26% | View data |
