The oil paints and varnishes market in Austria experienced fluctuations from 2012 to 2022. The market size in volume terms witnessed its peak in 2018 at 393.6 thousand kilograms, followed by a considerable decline in 2019. The period from 2012 to 2016 showed a positive trend, whereas the latter part of the decade exhibited some volatility, particularly in 2019 and 2020. The compound annual growth rate (CAGR) over the last five years stands at -2.87%, indicating a general downward trend. However, recent data shows a slight recovery with a 0.56% year-on-year increment in 2022.
Future trends to watch for:
- Environmental regulations and sustainability initiatives could drive demand for eco-friendly oil paints and varnishes.
- Technological advancements in formulation leading to new product innovations.
- The impact of economic factors such as material costs and supply chain disruptions on market volatility.
- Potential trends towards renovation and DIY projects influencing market demand.
| # | 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% | View data |
| 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% |
