European sold production of oil paints and varnishes exhibits significant variation by country. Germany leads the market with 11.844 million kilograms in 2023, followed by Belgium at 5.2114 million kilograms. Italy and Finland contribute 3.5993 and 3.0745 million kilograms respectively. Denmark shows a robust year-on-year increase of 19.77%, reaching 2.1317 million kilograms. France's production slightly declined to 1.529 million kilograms by -3.7%. Other notable producers include Serbia (0.96284 million kilograms, +5.88%), Spain (0.72342 million kilograms, -12.26%), and Croatia (0.53246 million kilograms, +3.38%). Bulgaria (0.31172 million kilograms, -3.66%), Poland (0.2838 million kilograms, +0.41%), Portugal (0.03755 million kilograms, -20.49%), and Netherlands (0.01599 million kilograms, +14.85%) make up the rest of the market.
Future trends to watch include more fluctuations in year-on-year production, possible recovery in countries with declining trends such as Spain and France, and increased production in growth markets like Denmark and Serbia. Innovations, sustainability initiatives, and economic conditions will shape the oil paints and varnishes market in Europe in 2024 and beyond.
Top countries in Sold Production of Oil Paints and Varnishes by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 11,844,000 | 2023 | +2.85% | +6.93% | View data |
| 2 | 2 Belgium | 5,211,400 | 2021 | -15.84% | View data | |
| 3 | 3 Italy | 3,599,300 | 2023 | +1.64% | +2.46% | View data |
| 4 | 4 Finland | 3,074,500 | 2023 | +1.76% | +1.37% | View data |
| 5 | 5 Denmark | 2,131,700 | 2023 | +3.69% | +19.77% | View data |
| 6 | 6 France | 1,529,000 | 2023 | -9.21% | -3.7% | View data |
| 7 | 7 Serbia | 962,840 | 2023 | +2.87% | +5.88% | View data |
| 8 | 8 Spain | 723,420 | 2023 | +6.66% | -12.26% | View data |
| 9 | 9 Croatia | 532,460 | 2023 | +2.28% | +3.38% | View data |
| 10 | 10 Bulgaria | 311,720 | 2023 | -1.9% | -3.66% | View data |
