In 2023, Germany dominated European sold production of oil paints and varnishes, holding the highest share at 67.58%. Italy followed with a distant 9.02%, while Denmark and Finland claimed 8.33% and 8.05% respectively. France's share was notably lower at 6.05%, with other countries like Spain and the Netherlands contributing marginally. Year-on-year variations from 2023 depict significant growth in Denmark (34.84%) and moderate rises in Germany (7.55%) and Italy (3.4%). Spain, however, saw a sharp decline of 25.52%. Overall, fluctuations portray a dynamic market landscape undergoing shifts in production prominence.
Future trends to watch include the potential resurgence of lesser-represented markets like Spain and Portugal, which may leverage technology and environmentally-friendly formulas to capture more market share. Moreover, geopolitical and economic factors might influence production capacities and cross-border trade across Europe, presenting both challenges and opportunities for various countries in the sector.
Top countries in Sold Production of Oil Paints and Varnishes Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 67.58 | 2023 | +3.8% | +7.55% | View data |
| 2 | 2 Italy | 9.02 | 2023 | +2.65% | +3.4% | View data |
| 3 | 3 Denmark | 8.33 | 2023 | +19.8% | +34.84% | View data |
| 4 | 4 Finland | 8.05 | 2023 | +1.29% | +2.31% | View data |
| 5 | 5 Belgium | 7.63 | 2021 | -7.25% | View data | |
| 6 | 6 France | 6.05 | 2023 | -2.67% | -0.99% | View data |
| 7 | 7 Serbia | 2.13 | 2023 | +3.62% | +5.06% | View data |
| 8 | 8 Spain | 1.6 | 2023 | -2.95% | -25.52% | View data |
| 9 | 9 Croatia | 1.23 | 2023 | +2.56% | +3.42% | View data |
| 10 | 10 Poland | 0.38 | 2023 | -1.98% | +1.12% | View data |
