Market research

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

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Hungarian market for water-based acrylic or vinyl paints and varnishes grew in volume from 106 947 t in 2018 to 108 511 t in 2019, with market value rising more sharply from $125 million to $133.3 million. This increase was supported by the entry of new product types like vinyl-universal latex blends and professional water-dispersion pastes from manufacturers such as Concorde. Growing consumer preference for higher-performance acrylic binders over latex alternatives, alongside the adaptation of paint formulations to meet Hungarian standards, drove demand for more durable and eco-friendly options.

Market volume declined to 104 811 t in 2020 and 99 591 t in 2022, influenced by COVID-19 pandemic disruptions and global supply-chain bottlenecks that constrained raw material availability. However, the value continued to climb, reaching $140.6 million in 2020 and $152.5 million in 2022, as stricter environmental regulations on solvent content and VOC emissions boosted demand for compliant water-based paints. Surging global raw material prices and logistical difficulties further elevated product costs, widening the gap between physical consumption and market value.

Regulatory pressure and evolving consumer tastes toward low-odor, fast-drying, and environmentally friendly paints spurred innovation and attracted new market entrants offering advanced acrylic-based dispersions. The application scope broadened into furniture coatings, while manufacturers developed specialty products like mold-resistant and high-durability interior paints to meet specific needs.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In kind
  1. 4.1.1. Production, 2018-2020, 2022
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018-2020, 2022
2. 4.2. In value
  1. 4.2.1. Production, 2018-2020, 2022
  2. 4.2.2. Imports, 2018-2025
  3. 4.2.3. Exports, 2018-2025
  4. 4.2.4. Market size, 2018-2020, 2022
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018-2020, 2022, t
  2. 5.1.2. In value, 2018-2020, 2022, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

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

In value, 2018-2021, K $ US

Hungary's production of water-based acrylic or vinyl paints and varnishes has increased for the second consecutive year. In 2020, output was valued at 94 901 thousand US dollars, marking a modest rise of 9.6% compared to the previous year. Between 2018 and 2020, production grew by 10.4%, which translates to an annualized rate of 3.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.8%	9.6%	n/a	-

Source: SHEV.io

In kind, 2018-2021, t

In 2020, Hungary produced 86 704 tonnes of water-based acrylic or vinyl paints and varnishes, indicating a modest decrease of 3.8% year-on-year. Between 2018 and 2020, production declined by 3.5%, equating to an annualized rate of 1.2%. The highest production volume was recorded in 2019 at 90 095 tonnes, with the largest increase of 0.2% also occurring that year.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.2%	(3.8%)	n/a	-

Source: SHEV.io

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

Exports in kind, t

Water-based acrylic or vinyl paints and varnishes exports from Hungary declined for the second consecutive year. In 2021, exports reached 8 219 tonnes, down by 11.1% compared to 2020. Over the period from 2018 to 2021, exports decreased by 8.5%, with a compound annual growth rate of -2.9%. The peak export volume was recorded in 2019 at 9 643 tonnes, with the largest increase of 7.3% also occurring that year.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	7.3%	(4.1%)	(11.1%)	(2.9%)

Source: SHEV.io

From 2018 to 2021, Romania, Slovakia, and Czechia formed the main group of destinations for Hungary's water-based acrylic or vinyl paints and varnishes exports in kind. Romania accounted for 30.7% of exports, Slovakia for 28.1%, and Czechia for 18.6%, with these three countries together representing 77.4% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

After a two-year decline, Hungary's water-based acrylic or vinyl paints and varnishes exports increased in 2021. Exports totalled 12 257 thousand US dollars, constituting a rise of 0.7% year-on-year. Over the period from 2018 to 2021, exports decreased by 8.2%, with a compound annual growth rate of -2.8%. The lowest value was recorded in 2020 at 12 170 thousand US dollars, while the largest decline of 8.5% occurred in 2019.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(8.5%)	(0.3%)	0.7%	(2.8%)

Source: SHEV.io

Throughout 2018 to 2021, Czechia, Slovakia, and Romania remained the key destinations for Hungary's water-based acrylic or vinyl paints and varnishes exports in value terms. Czechia accounted for 25.3% of exports, Slovakia for 20.9%, and Romania for 20.0%, with these three countries together taking 66.2% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports water-based acrylic or vinyl paints and varnishes to Hungary

Imports in kind, t

In 2021, Hungary's imports of water-based acrylic or vinyl paints and varnishes reached 31 285 tonnes, representing a robust advance of 14.4% compared to 2020. Between 2018 and 2021, imports increased by 20.2%, equating to an annualized rate of 6.3%. The largest decline was recorded in 2020 at 2.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	7.8%	(2.5%)	14.4%	6.3%

Source: SHEV.io

Over the period from 2018 to 2021, Poland, Germany, and Austria consistently occupied leading positions in Hungary's import structure for water-based acrylic or vinyl paints and varnishes in kind. Poland accounted for 36.0% of imports, Germany for 30.8%, and Austria for 7.8%, jointly accounting for 74.6% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2021, Hungary's imports of water-based acrylic or vinyl paints and varnishes amounted to 71 496 thousand US dollars, constituting an increase of 23.4% versus the previous year. Over the period from 2018 to 2021, imports increased by 36.4%, with a compound annual growth rate of 10.9%. The largest decline was recorded in 2020 at 1.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	12.5%	(1.7%)	23.4%	10.9%

Source: SHEV.io

From 2018 to 2021, Germany, Poland, and Italy led the structure of Hungary's water-based acrylic or vinyl paints and varnishes imports in value terms. Germany accounted for 39.9% of imports, Poland for 18.3%, and Italy for 10.6%, together representing 68.8% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io