Solvent-based acrylic or vinyl paints and varnishes market in Spain

Earlier Report Observations

Between 2018 and 2020, the market volume for solvent-based acrylic or vinyl paints and varnishes in Spain expanded significantly from 78 458 t to 95 932 t, before contracting to 91 945 t in 2020. In value terms, the market grew from 281.0 million USD to 346.4 million USD in 2019, then declined to 306.2 million USD. The market structure during this period was characterized by a prevalence of small and medium-sized family-owned enterprises.

From 2021 to 2024, import and export flows indicated ongoing market activity, with imports reaching 29 127 t and exports 29 996 t by 2024. Demand from the construction sector supported market growth, as noted in 2023. In 2024, public infrastructure investment and a broader industry shift towards more sustainable, low-VOC products further influenced market dynamics, affecting demand patterns even for solvent-based formulations.

Production solvent-based acrylic or vinyl paints and varnishes in Spain

In value, 2017-2020, M $ US

Spain's production of solvent-based acrylic or vinyl paints and varnishes saw a two-year rise before declining. In 2020, output was valued at 295.8 million US dollars, marking an 11.0% decrease from the previous year. Over the 2017-2020 period, production grew by 37.9%, with an average annual growth rate of 11.3%. The peak was reached in 2019 at 332.2 million US dollars, while the largest annual increase occurred in 2018 at 25.4%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

In kind, 2017-2020, t

Spain's production volume of solvent-based acrylic or vinyl paints and varnishes increased for two years before falling. In 2020, 86,364 tonnes were produced, representing a controlled decline of 7.1% compared to 2019. From 2017 to 2020, production rose by 19.6%, equivalent to an annualized rate of 6.2%. The highest volume was recorded in 2019 at 92,926 tonnes, with the largest increase also in 2019 at 18.6%.

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

Exports solvent-based acrylic or vinyl paints and varnishes from Spain

Exports in kind, t

After two years of growth, Spain's exports of solvent-based acrylic or vinyl paints and varnishes declined. In 2020, exports stood at 20,842 tonnes, showing a significant drop of 10.6% from the previous year. Over the 2017-2020 period, exports increased by 5.6%, with an average annual growth rate of 1.8%. The peak was in 2019 at 23,325 tonnes, while the largest increase occurred in 2018 at 15.4%.

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

From 2017 to 2020, Spain's exports of solvent-based acrylic or vinyl paints and varnishes were distributed across a wide range of partner countries. Portugal accounted for 16.1% of exports, Italy for 9.7%, and France for 8.1%, together making up just 33.9% of total flows.

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

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

Exports in value, M $ US

Spain's exports of solvent-based acrylic or vinyl paints and varnishes increased for two years before declining. In 2020, exports totaled 92.1 million US dollars, down by 5.6% from the previous year. Over the 2017-2020 period, exports grew by 21.7%, with an average annual growth rate of 6.8%. The highest value was recorded in 2019 at 97.6 million US dollars, and the largest increase was in 2018 at 24.9%.

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

The structure of Spain's exports in value terms from 2017 to 2020 was diversified. Portugal represented 17.8% of exports, Italy 9.5%, and France 8.9%, together accounting for just 36.1% of total flows, with no single country holding a clearly dominant position.

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

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

Imports solvent-based acrylic or vinyl paints and varnishes to Spain

Imports in kind, t

Spain's imports of solvent-based acrylic or vinyl paints and varnishes increased for the second consecutive year. In 2020, import volume reached 26,423 tonnes, showing no material difference from 2019. Over the 2017-2020 period, imports rose by 15%, with an average annual growth rate of 4.8%. The lowest volume was in 2018 at 22,859 tonnes, with the largest decline that year at 0.5%. The largest increase occurred in 2019 at 15.2%.

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

From 2017 to 2020, Germany, Italy, and France were the main sources for Spain's imports of solvent-based acrylic or vinyl paints and varnishes. Germany accounted for 23.1% of imports, Italy for 17.9%, and France for 13.4%, together absorbing 54.3% of total import flows.

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

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

Imports in value, M $ US

After two years of growth, Spain's imports of solvent-based acrylic or vinyl paints and varnishes declined. In 2020, imports totaled 102.5 million US dollars, showing a controlled decline of 8.3% year-over-year. Between 2017 and 2020, imports increased by 3.9%, equating to an annualized rate of 1.3%. The peak was in 2019 at 111.7 million US dollars, while the largest increase was in 2018 at 8.1%.

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

In 2017-2020, Germany, Italy, and France were the principal destinations for Spain's imports in value terms. Germany represented 27.5% of imports, Italy 16.6%, and France 11.7%, jointly accounting for 55.8% of total flows.

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

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