In 2023, Italy emerged as the dominant exporter of paints and varnishes based on acrylic or vinyl polymers, accounting for the largest share in the European market, showing a 14.79% year-over-year growth. Austria also exhibited a notable growth rate of 21.07%. In contrast, countries like Germany and Denmark experienced significant declines of 15.27% and 8.83% respectively. Ireland displayed impressive expansion with a 38.18% increase, although from a smaller base. Overall, the sector saw varied performance, with countries like Belgium, Greece, and Sweden experiencing slight downturns.
Looking ahead to 2024, the European export market for these products is expected to witness a continued shift, driven by environmental regulations and technological advancements. Italy is positioned for further growth, potentially increasing its share even more due to its strong manufacturing base. However, sustainability trends may influence market dynamics, demanding innovations in eco-friendly products. Emerging technologies and the EU’s regulatory framework are likely to shape the direction of market strategies, with a focus on greener, sustainable solutions in the paint and varnishes sector.
Top countries in Export of Paints and Varnishes, Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in Non-Aqueous Medium (Including Enamels and Lacquers) Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 67.55 | 2023 | -15.43% | +14.79% | View data |
| 2 | 2 Belgium | 11.62 | 2023 | +4.46% | -0.81% | View data |
| 3 | 3 Germany | 8.31 | 2023 | -16.54% | -15.27% | View data |
| 4 | 4 Austria | 5.03 | 2023 | +13.73% | +21.07% | View data |
| 5 | 5 Greece | 3.52 | 2023 | +3.83% | -1.15% | View data |
| 6 | 6 Sweden | 2.96 | 2023 | +25.4% | -0.21% | View data |
| 7 | 7 Slovenia | 2.9 | 2023 | +4.11% | +5.22% | View data |
| 8 | 8 Poland | 1.3 | 2023 | +1.24% | +7.93% | View data |
| 9 | 9 Czechia | 0.56 | 2022 | |||
| 10 | 10 Lithuania | 0.43 | 2023 | +4% | +8.51% | View data |
