Solvent-based polymer paints and varnishes market in Finland

Earlier Report Observations

Between 2018 and 2024, the Finnish market for solvent-based polymer paints and varnishes showed considerable volatility. Market volume in physical terms rose from 18 912 t to a peak of 27 585 t in 2022, driven by a major surge in 2021 when it expanded by over 56% to 26 541 t. In value terms, the market followed a similar pattern, climbing from 108.0 млн долл. to a high of 147.7 млн долл. in 2021 before beginning a multi-year decline.

After the peak, market volume dropped sharply in 2023 to 18 294 t. A partial recovery to 20 042 t occurred in 2024, supported by the introduction of new user-friendly interior paints and varnishes for various applications, which helped stimulate demand. At the same time, ongoing construction projects in Finland continued to generate need for coating materials, contributing to the market's rebound in physical volume, although the market value saw a slight further decrease to 117.3 млн долл.

Production solvent-based polymer paints and varnishes in Finland

In value, 2017-2020, M $ US

In 2018, Finland's output of solvent-based polymer paints and varnishes reached its peak at 142.9 million US dollars. This was followed by a decline of 4.4% in 2019, bringing the value down to 136.6 million US dollars. In 2020, production saw a slight recovery, increasing by 0.6% to 137.4 million US dollars.

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

In kind, 2017-2020, t

Finland's production volume of solvent-based polymer paints and varnishes has been declining for three consecutive years. In 2020, output stood at 28 559 tonnes, marking a year-on-year decrease of 2.3%. Over the period from 2017 to 2020, production fell by 15%, with an average annual decline rate of 5.3%.

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

Exports solvent-based polymer paints and varnishes from Finland

Exports in kind, t

Finland's exports of solvent-based polymer paints and varnishes in kind reached 29 693 tonnes in 2020, representing a significant increase of 41.1% compared to 2019. The lowest export volume was recorded in 2019 at 21 042 tonnes, which saw a decline of 17.3% from the previous year. From 2017 to 2020, exports grew by 20.1%, with an average annual growth rate of 6.3%.

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

Between 2017 and 2020, Russia, Sweden, and Estonia were the primary markets for Finland's exports of solvent-based polymer paints and varnishes in kind. Russia accounted for 38.6% of exports, Sweden for 18.4%, and Estonia for 12.2%. Together, these three countries represented 69.1% 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, M $ US

Finland's exports of solvent-based polymer paints and varnishes in value terms have increased for the third year in a row. In 2020, exports amounted to 126.0 million US dollars, showing a gradual rise of 6.1% compared to the previous year. Over the period from 2017 to 2020, exports grew by 35.8%, with an average annual growth rate of 10.7%.

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

From 2017 to 2020, Russia, Sweden, and Estonia remained the key destinations for Finland's exports of solvent-based polymer paints and varnishes in value terms. Russia held a 36.2% share, Sweden 17.1%, and Estonia 11.0%. Collectively, these three markets accounted for 64.4% 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 solvent-based polymer paints and varnishes to Finland

Imports in kind, t

Finland's imports of solvent-based polymer paints and varnishes in kind showed notable fluctuations between 2017 and 2020. The lowest import volume was recorded in 2019 at 7 988 tonnes, which represented a sharp decline of 45.3% from the previous year. In 2020, imports surged to 18 065 tonnes, marking a substantial year-over-year increase of 126.2%. The difference between the peak in 2020 and the low in 2019 was 2.3-fold.

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

During the period from 2017 to 2020, Sweden, Germany, and the United Kingdom were the main sources of imports of solvent-based polymer paints and varnishes in kind to Finland. Together, these three countries accounted for 70.5% of total import flows.

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, M $ US

Finland's imports of solvent-based polymer paints and varnishes in value terms have risen for the third consecutive year. In 2020, imports were recorded at 78.0 million US dollars, reflecting a modest increase of 1.4% compared to the previous year. From 2017 to 2020, imports grew by 29.3%, with an average annual growth rate of 8.9%.

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

Over the years 2017 to 2020, Sweden, Germany, and France consistently led as the top sources for Finland's imports of solvent-based polymer paints and varnishes in value terms. Sweden accounted for 45.3% of imports, Germany for 15.4%, and France for 7.9%. Together, these three countries made up 68.6% of total import flows.

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

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