In 2023, France led the European imports of organic composite solvents and thinners based on butyl acetate, followed by Poland and Czechia. Emerging markets such as Romania showed significant growth, with a 10.76% increase, while traditionally larger markets like Germany experienced a slight decline. Notable growth was also seen in Denmark and Ireland, with year-on-year increases of 7.73% and 21.28% respectively. Conversely, Slovenia faced a considerable reduction at -21.77%. Overall, the industry's 5-year CAGR reflects moderate growth, with variations evident across different countries.
Future trends to watch include:
- Potential shifts due to regulatory changes on emissions and environmental impacts, especially affecting larger markets like France and Germany.
- Increasing demand driven by emerging markets and the continuous expansion of the coatings and inks sector.
- The role of technological advancements in manufacturing processes to enhance environmental sustainability.
- Economic fluctuations that may impact import volumes in smaller economies.
Top countries in Import of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks, Based on Butyl Acetate by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 6,532,300 | 2023 | +4.23% | +0.67% | View data |
| 2 | 2 Poland | 1,749,700 | 2023 | +3.25% | +2.94% | View data |
| 3 | 3 Czechia | 1,632,100 | 2023 | |||
| 4 | 4 Germany | 1,499,400 | 2023 | +0.0072% | -0.56% | View data |
| 5 | 5 Romania | 1,483,300 | 2023 | +4.22% | +10.76% | View data |
| 6 | 6 Belgium | 1,322,300 | 2023 | +1.22% | -1.62% | View data |
| 7 | 7 Portugal | 1,169,700 | 2023 | +1.21% | +3.46% | View data |
| 8 | 8 United Kingdom | 955,440 | 2023 | +0.47% | -2.15% | View data |
| 9 | 9 Denmark | 882,640 | 2023 | +4.23% | +7.73% | View data |
| 10 | 10 Slovenia | 881,880 | 2023 | +2.61% | -21.77% | View data |
