Polyester-based paints and varnishes market in Finland

Earlier Report Observations

The market for polyester-based paints and varnishes in Finland experienced a significant contraction in both volume and value between 2018 and 2024. Market volume fell from 8.5 thousand tons to 5.2 thousand tons over this period, with a particularly sharp decline to 4.5 thousand tons in 2020. The market's value nearly halved, dropping from $50.9 million to $26.6 million, indicating sustained price pressure alongside reduced consumption.

Regulatory developments began shaping the market environment in 2023 with the passage of a new construction law (751/2023), which introduces digitalization requirements for building projects starting in 2025 and may affect future material specifications. In 2024, industrial union strikes temporarily disrupted production and supply chains, while concurrent trends like heightened environmental awareness and interior design preferences for color continued to influence consumer choice toward more sustainable coating options.

Production polyester-based paints and varnishes in Finland

In value, 2017-2020, K $ US

Production of polyester-based paints and varnishes in Finland has declined for the third year in a row. In 2020, output was valued at 47 547 thousand US dollars, representing a 7.8% drop from the previous year. Between 2017 and 2020, production decreased by 11.7%, which translates to an average annual decline of 4.0%.

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

In kind, 2017-2020, t

In 2020, Finland produced 7 990 tonnes of polyester-based paints and varnishes, marking a significant decline of 20.4% compared to 2019. Over the period from 2017 to 2020, production fell by 38.7%, averaging an annual decrease of 15.0%. The largest drop occurred in 2018, at 25.4%, while 2019 saw a modest increase of 3.3%.

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

Exports polyester-based paints and varnishes from Finland

Exports in kind, t

Exports of polyester-based paints and varnishes from Finland have increased for the third consecutive year. In 2020, export volumes reached 11 866 tonnes, showing a sharp rise of 45.9% compared to 2019. From 2017 to 2020, exports grew by 62.2%, with a compound annual growth rate of 17.5%.

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

From 2017 to 2020, Russia, Sweden, and Poland were consistently the main destinations for exports in kind. Russia accounted for 69.3% of exports, Sweden for 7.5%, and Poland for 4.9%. Together, these three countries represented 81.7% of total export flows.

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

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

Exports in value, K $ US

Exports of polyester-based paints and varnishes from Finland have risen for the third year in a row. In 2020, export value reached 49 633 thousand US dollars, indicating a solid increase of 14.2% year-over-year. Between 2017 and 2020, exports grew by 78.2%, averaging an annual growth rate of 21.2%.

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

Between 2017 and 2020, Russia, Sweden, and Poland remained the primary destinations for exports in value terms. Russia held 67.6% of the export value, Sweden 6.7%, and Poland 4.6%. Collectively, these three countries accounted for 78.9% of total export flows.

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

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

Imports polyester-based paints and varnishes to Finland

Imports in kind, t

In 2020, Finland's imports of polyester-based paints and varnishes totaled 8 422 tonnes, reflecting a rise of 48.9% compared to 2019. Over the period from 2017 to 2020, imports increased by 43.9%, with a compound annual growth rate of 12.9%. The lowest import volume was recorded in 2019 at 5 656 tonnes, which also saw the largest decline of 9.8%.

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

From 2017 to 2020, Sweden was the leading supplier of polyester-based paints and varnishes to Finland, accounting for 71.7% of total imports in kind. The remaining imports were distributed among various other countries.

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

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

Imports in value, K $ US

Imports of polyester-based paints and varnishes into Finland have increased for the third consecutive year. In 2020, import value amounted to 34 576 thousand US dollars, marking a substantial advance of 19.6% year-over-year. Over the period from 2017 to 2020, imports grew by 56.0%, with a compound annual growth rate of 16.0%.

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

Throughout 2017 to 2020, Sweden remained the main source for imports in value terms, capturing 74.7% of total flows. The rest was spread across various smaller markets.

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

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