Organic solvents and paint removers market in Austria

Earlier Report Observations

From 2018 to 2020, the Austrian market for organic solvents and paint removers grew in physical volume from 7 751 tons to 8 461 tons. Rising raw material prices pressured producers, increasing production costs and limiting growth in market value, which remained around USD 17-18 million during this period.

A sharp expansion occurred in 2021, with market volume jumping to 9 838 tons and value rising to USD 22.3 million. The following year, volume contracted to 7 953 tons, yet market value continued climbing to USD 24.7 million, indicating sustained cost inflation and higher product prices.

By 2024, the market volume recovered moderately to 8 329 tons, but value fell to USD 23.6 million. Industry reports noted an 8.6% drop in sector revenue in 2023, with persistently high raw material costs. The export-focused industry, shipping a third of its exports to Germany, faced stagnation, as hopes for market stabilization in 2024 did not materialize.

Production organic solvents and paint removers in Austria

In value, 2017-2020, K $ US

In Austria, the production value of organic solvents and paint removers reached 9 227 thousand US dollars in 2020, marking a slight year-over-year decline of 0.9%. Over the period from 2017 to 2020, production grew by 16.4%, which translates to an average annual increase of 5.2%. The lowest value was recorded in 2018 at 7 599 thousand US dollars, while the highest was in 2019 at 9 310 thousand US dollars. The most significant decrease occurred in 2018, falling by 4.2%, whereas the largest increase was in 2019, rising by 22.5%.

Annual dynamics of production in Austria in value, 2017-2020, K $ US

In kind, 2017-2020, t

Austria produced 3 747 tonnes of organic solvents and paint removers in 2020, representing a 5.2% decrease compared to 2019. From 2017 to 2020, production expanded by 27.3%, with a compound annual growth rate of 8.4%. The lowest output was in 2018 at 2 825 tonnes, and the highest was in 2019 at 3 952 tonnes. The most substantial growth was recorded in 2019, with an increase of 39.9%.

Annual dynamics of production in Austria in kind, 2017-2020, t

Exports organic solvents and paint removers from Austria

Exports in kind, t

Market performance showed notable fluctuations during this period. Exports reached their lowest point in 2018 at 3 599 tonnes and peaked in 2019 at 7 210 tonnes, with a two-fold difference between these years. In 2020, shipments of organic solvents and paint removers from Austria to abroad totaled 6 615 tonnes, down 8.3% from the previous year. The largest increase was recorded in 2019, rising by 100.4%.

Annual dynamics of product's exports from Austria in kind, 2017-2020, t

From 2017 to 2020, the largest buyers of organic solvents and paint removers from Austria in terms of volume were Czechia, accounting for 21.5% of exports, Germany at 18.4%, and Spain at 11.2%. Together, these three countries represented 51.0% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Austria in kind, 2017-2020

Exports in value, K $ US

Following a two-year upward trend, exports of organic solvents and paint removers from Austria declined. In 2020, exports amounted to 18 704 thousand US dollars, showing minimal change compared to the previous year. Over the 2017-2020 period, exports increased by 25.5%, with a compound annual growth rate of 7.9%. The highest value was recorded in 2019 at 18 745 thousand US dollars, and the largest increase occurred that same year, rising by 17.7%.

Annual dynamics of product's exports from Austria in value, 2017-2020, K $ US

From 2017 to 2020, Germany was the largest buyer in value terms, representing 24.2% of exports, followed by Czechia at 11.1% and Hungary at 9.3%. However, even combined, these three countries accounted for only 44.5% of total export value, indicating a broadly diversified partner base.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Austria in value, 2017-2020

Imports organic solvents and paint removers to Austria

Imports in kind, t

After a two-year increase, Austria's imports of organic solvents and paint removers in volume declined. In 2020, imports totaled 11 329 tonnes, showing a limited year-over-year decrease of 3.1%. Over the 2017-2020 period, imports grew by 44.4%, with a compound annual growth rate of 13.0%. The highest volume was recorded in 2019 at 11 689 tonnes, and the largest increase occurred that year, rising by 37.1%.

Annual dynamics of product's imports to Austria in kind, 2017-2020, t

From 2017 to 2020, Germany was the main source for imports in volume, accounting for 49.1% of the total, followed by Slovenia at 15.2% and Poland at 12.5%. Together, these three countries represented 76.8% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Austria in kind, 2017-2020

Imports in value, K $ US

Imports of organic solvents and paint removers into Austria increased for the third consecutive year. In 2020, import value reached 27 716 thousand US dollars, marking a limited uptick of 4.1% from 2019. Over the 2017-2020 period, imports grew by 22.6%, with a compound annual growth rate of 7.0%.

Annual dynamics of product's imports to Austria in value, 2017-2020, K $ US

From 2017 to 2020, Germany stood out as the primary market for imports in value terms, representing 58.6% of the total, followed by the United Kingdom at 7.5% and the Netherlands at 6.6%. Together, these three countries accounted for 72.7% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Austria in value, 2017-2020