Between 2012 and 2022, the market for oil paints and varnishes in France has seen fluctuating trends. The market volume decreased from 2.5869 million kilograms in 2012 to 2.2542 million kilograms in 2022. The data shows a significant year-on-year decline in 2013 (-7.2%) and 2014 (-7.76%), but there were rebounds in 2015 (4.57%), 2016 (4.37%), and 2017 (4.19%). However, the last few years from 2019 to 2022 show a more stable yet slightly declining trend, with 2021 registering a 1.25% increase and 2022 a slight drop of -0.64%. The CAGR over the past five years stands at -2.19%, reflecting a slow but consistent decline in market volume.
Future trends to watch for:
- Innovations in eco-friendly and sustainable products which could stimulate market demand.
- Economic factors post-2024 that could impact consumer spending on non-essential goods.
- Regulatory changes impacting production and use of oil paints and varnishes in France.
How does France rank in Oil Paints and Varnishes Market Size Volume?
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,218,700 | 2023 | -3.09% | -1.5% | View data |
| 2 | 2 France | 2,337,200 | 2023 | -0.12% | -0.12% | |
| 3 | 3 Finland | 2,056,100 | 2023 | +4.07% | +4.03% | View data |
| 4 | 4 Croatia | 498,880 | 2023 | -0.62% | -0.5% | View data |
| 5 | 5 Austria | 318,270 | 2023 | +1.35% | -4.16% | View data |
