Polyester-based paints and varnishes market in Denmark

Earlier Report Observations

Between 2018 and 2020, the market volume for polyester-based paints and varnishes in Denmark grew from 6 152 t to a peak of 7 655 t. This expansion was driven by increased consumer demand for home improvement products during the COVID-19 pandemic, alongside a rising preference for environmentally friendly and low-emission coatings, such as water-based variants, supported by ongoing VOC labeling regulations from the Danish Environmental Protection Agency.

Following the 2020 peak, the market volume contracted to 6 862 t by 2022, influenced by global supply chain disruptions and rising raw material costs that constrained availability and increased production expenses. Concurrently, stringent environmental standards and a consumer shift towards low-odor, health-conscious products continued to reshape the market's composition, though these structural factors did not offset the overall decline in total consumption.

The downward trend accelerated in 2023 and 2024, with the market volume falling to 5 135 t and then 3 942 t, respectively. In value terms, the market also saw a significant reduction, dropping to 26.4 million USD by 2024, reflecting sustained pressure on demand and broader economic challenges.

Production polyester-based paints and varnishes in Denmark

In value, 2018-2021, K $ US

In Denmark, the output value of polyester-based paints and varnishes reached its peak in 2020 at 43 566 thousand US dollars, but then declined by 13.8% year-over-year to 37 572 thousand US dollars in 2021. The lowest value was recorded in 2019 at 34 525 thousand US dollars. The largest annual increase occurred in 2020, with a growth of 26.2%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

Denmark's production of polyester-based paints and varnishes grew for the second consecutive year. In 2021, output reached 7 851 tonnes, marking an 8.9% increase compared to 2020. Over the period from 2018 to 2021, production rose by 45.1%, which translates to an average annual growth rate of 13.2%. The lowest production level was in 2019 at 5 406 tonnes. The largest annual decline was a minimal 0.1% in 2019, while the biggest increase was a substantial 33.3% in 2020.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports polyester-based paints and varnishes from Denmark

Exports in kind, t

Exports of polyester-based paints and varnishes from Denmark declined for the second year in a row. In 2021, export volumes stood at 4 751 tonnes, showing a slight decrease of 1.3% compared to 2020. From 2018 to 2021, exports increased by 2.7%, with a compound annual growth rate of 0.9%. The highest export volume was recorded in 2019 at 4 941 tonnes. The largest annual decline was 2.5% in 2020, while the biggest increase was 6.8% in 2019.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

Between 2018 and 2021, the Netherlands, France, and Sweden were consistently the top three markets for Denmark's exports of polyester-based paints and varnishes in volume terms. Together, they accounted for 68.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

The value of polyester-based paints and varnishes exports from Denmark increased for the second consecutive year. In 2021, exports reached 16 034 thousand US dollars, up by 9.1% compared to the previous year. From 2018 to 2021, export value grew by 3.8%, equivalent to an average annual rate of 1.2%. The lowest value was in 2019 at 13 968 thousand US dollars, with the largest annual decline of 9.6% also occurring that year.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

From 2018 to 2021, the Netherlands, Sweden, and Poland were the leading destinations for Denmark's exports of polyester-based paints and varnishes in value terms. The Netherlands accounted for 43.1% of export value, Sweden for 7.4%, and Poland for 7.1%, together making up 57.6% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports polyester-based paints and varnishes to Denmark

Imports in kind, t

Denmark's imports of polyester-based paints and varnishes in volume terms fell for the second year in a row. In 2021, imports dropped by 18.0% year-over-year to 5 448 tonnes. Over the period from 2018 to 2021, imports decreased by 19.6%, with a compound annual decline rate of 7.0%. The highest import volume was in 2019 at 5 448 tonnes, which also saw the largest annual increase of 1.5%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Throughout 2018 to 2021, Germany, the United Kingdom, and Sweden formed the core of Denmark's imports of polyester-based paints and varnishes in volume terms. Germany represented 22.3% of imports, the United Kingdom 20.2%, and Sweden 18.6%, together accounting for 61.0% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

The value of polyester-based paints and varnishes imports into Denmark rose for the second consecutive year. In 2021, imports amounted to 28 256 thousand US dollars, reflecting a moderate gain of 6.5% compared to the previous year. Between 2018 and 2021, import value increased by 4.4%, equating to an average annual growth rate of 1.5%. The lowest value was recorded in 2019 at 24 981 thousand US dollars, with the largest annual decline of 7.7% also in that year.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Sweden, Germany, and Italy were the principal sources for Denmark's imports of polyester-based paints and varnishes in value terms. Sweden accounted for 28.6% of import value, Germany for 28.5%, and Italy for 15.1%, jointly representing 72.3% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021