In 2023, Belgium led the European import of organic composite solvents and thinners with a significant 29.11% share. Italy and Poland followed, holding 10.2% and 6.36% respectively. Notably, Belgium's imports surged by 22.27% from the previous year, indicating robust growth. Slovakia also exhibited notable growth with a 17.67% increase, while other countries like Hungary (14.62%) and Greece (10.54%) demonstrated strong upward trends. Conversely, Sweden experienced a considerable decline of 57.59%. Over a five-year period, the compound annual growth rate (CAGR) across most countries suggests a diversifying import landscape, with substantial shifts in market shares.
Looking ahead, the future trends to watch include the impact of technological advancements on the market demand for organic composite solvents. Sustainability efforts might drive demand as countries strive for greener solutions, potentially altering the import volumes and market dynamics across Europe. Close monitoring of geopolitical developments and their effects on trade regulations will be crucial in forecasting changes to import patterns.
Top countries in Import 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 Belgium | 29.11 | 2023 | +1.08% | +22.27% | View data |
| 2 | 2 Italy | 10.2 | 2023 | +2.09% | +1.65% | View data |
| 3 | 3 Poland | 6.36 | 2023 | +0.076% | -0.35% | View data |
| 4 | 4 Slovakia | 6.35 | 2023 | +5.89% | +17.67% | View data |
| 5 | 5 France | 5.71 | 2023 | +0.47% | +3.03% | View data |
| 6 | 6 Germany | 5.69 | 2023 | -2.27% | +1.52% | View data |
| 7 | 7 Romania | 4.87 | 2023 | +3.08% | +4.24% | View data |
| 8 | 8 United Kingdom | 4.59 | 2023 | +2.09% | +7.86% | View data |
| 9 | 9 Spain | 3.47 | 2023 | -0.66% | -2.47% | View data |
| 10 | 10 Austria | 3.18 | 2023 | +2.44% | +8.9% | View data |
