Water-based acrylic or vinyl paints and varnishes market in Finland

Earlier Report Observations

Between 2018 and 2024, the Finnish market for water-based acrylic or vinyl paints and varnishes saw significant shifts in both volume and value. Consumption in physical terms rose to 41 291 tonnes in 2019, marking a peak, but then entered a prolonged downward trend, dropping to 32 510 tonnes by 2024. In monetary terms, the market value followed a distinct path, climbing to 153.3 million USD in 2020 even as volume fell that year.

The period after 2020 was characterized by a contraction across both measures. From the 2020 value high, the market shrank by nearly 10% to 138.2 million USD in 2024. In parallel, volume consumption fell by over 21% from its 2019 peak, indicating a broad market correction in the latter half of the period.

Production water-based acrylic or vinyl paints and varnishes in Finland

In value, 2017-2020, M $ US

Finland's production of water-based acrylic or vinyl paints and varnishes has increased for the third consecutive year. In 2020, the output was valued at 212.4 million US dollars, marking a 9.3% gain from the previous year. Between 2017 and 2020, production rose by 23.9%, which translates to an annualized growth rate of 7.4%.

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

In kind, 2017-2020, t

Finland's production of water-based acrylic or vinyl paints and varnishes has increased for the third consecutive year. In 2020, the country produced 63 532 tonnes, showing a modest uptick of 7.0% from a year earlier. From 2017 to 2020, production grew by 18.5%, equating to an annualized rate of 5.8%.

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

Exports water-based acrylic or vinyl paints and varnishes from Finland

Exports in kind, t

In 2020, Finland's exports of water-based acrylic or vinyl paints and varnishes reached 33 001 tonnes, a 32.4% increase year-over-year. Between 2017 and 2020, exports rose by 35.6%, with an annualized growth rate of 10.7%. The largest decline occurred in 2019, when exports fell by 7.8%.

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

From 2017 to 2020, Sweden, Russia, and Estonia consistently led Finland's export structure in kind. Sweden and Russia each accounted for 29.7% of exports, while Estonia made up 11.1%. Together, these three countries represented 70.5% 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

Finland's exports of water-based acrylic or vinyl paints and varnishes have increased for the third consecutive year. In 2020, export value reached 81 695 thousand US dollars, a strong rise of 10.3% compared to 2019. Between 2017 and 2020, exports grew by 34.8%, with an annualized rate of 10.5%.

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

In the period from 2017 to 2020, Russia, Sweden, and Estonia accounted for the largest share of Finland's exports in value terms. Russia led with 31.2%, followed by Sweden at 26.5%, and Estonia at 9.2%. Combined, these three countries comprised 66.9% 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 water-based acrylic or vinyl paints and varnishes to Finland

Imports in kind, t

After a two-year decline, Finland's imports of water-based acrylic or vinyl paints and varnishes increased in 2020. The import volume amounted to 8 414 tonnes, up by 22.6% from the previous year. Between 2017 and 2020, imports decreased by 3.1%, with an annualized decline rate of 1.0%. The lowest point was in 2019 at 6 864 tonnes, which also saw the largest decline of 20.7%.

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

From 2017 to 2020, Sweden, Germany, and Denmark were the top contributors to Finland's imports in kind. Sweden accounted for 45.5% of imports, Germany for 17.0%, and Denmark for 10.8%. Together, these three countries made up 73.4% 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, K $ US

In 2020, Finland's imports of water-based acrylic or vinyl paints and varnishes reached 22 593 thousand US dollars, increasing by 5.8% year-over-year. The minimum value was recorded in 2019 at 21 361 thousand US dollars, with the largest decline that year of 10.3%. The maximum value occurred in 2018 at 23 803 thousand US dollars, which also saw the largest increase of 6.2%.

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

Over the period from 2017 to 2020, Sweden, Germany, and Denmark were the main sources of Finland's imports in value terms. Sweden accounted for 39.3% of imports, Germany for 20.2%, and Denmark for 10.9%. Collectively, these three countries absorbed 70.3% 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