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

Earlier Report Observations

Between 2018 and 2021, the market volume for water-based acrylic paints increased from 18 973 tons to 20 925 tons. This growth was driven by the dominant position of acrylic water-based paints, which offered high quality, durability, and fast drying times. Consumer preferences shifted towards eco-friendly, low-odor products, especially for indoor use, supported by the industry's focus on improved formulations using environmentally safe polymers.

After 2021, market volume contracted, falling to 14 324 tons in 2023 before a slight rebound to 14 706 tons in 2024. In value terms, the market peaked at 39 million US dollars in 2021 and remained around 38-39 million dollars in subsequent years, indicating stable demand for higher-value products despite volumetric declines.

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

In value, 2018-2021, K $ US

Lithuania's production of water-based acrylic or vinyl paints and varnishes has grown for the third year in a row. In 2021, the output was valued at 12 587 thousand US dollars, showing a robust increase of 11.7% compared to the previous year. From 2018 to 2021, production rose by 31.9%, with an average annual growth rate of 9.7%.

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

In kind, 2018-2021, t

Lithuania's production volume of water-based acrylic or vinyl paints and varnishes has increased for the third consecutive year. In 2021, the country produced 7 461 tonnes, up by 7.8% from the previous year. Between 2018 and 2021, production grew by 27%, equating to an annualized rate of 8.3%.

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

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

Exports in kind, t

In 2021, Lithuania's export volume of water-based acrylic or vinyl paints and varnishes reached 3 403 tonnes, marking a strong rise of 14.9% compared to the previous year. Between 2018 and 2021, exports increased by 16.9%, with an annualized rate of 5.3%. The largest decline occurred in 2020, at 1.7%.

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

From 2018 to 2021, Russia, Belgium, and Latvia formed the main cluster of markets for Lithuania's exports in kind. Russia accounted for 38.4% of exports, Belgium for 23.6%, and Latvia for 22.5%, together representing 84.5% of total export flows.

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

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

Exports in value, K $ US

After a two-year decline, Lithuania's exports of water-based acrylic or vinyl paints and varnishes increased in 2021. Exports reached 10 089 thousand US dollars, equivalent to a sharp advance of 29.0% versus the previous year. Between 2018 and 2021, exports grew by 18.3%, with an annualized rate of 5.8%. The minimum value was recorded in 2020 at 7 821 thousand US dollars, with the largest decline that year at 6.3%.

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

In the period from 2018 to 2021, Russia, Latvia, and Belgium were the main destinations for Lithuania's exports in value terms. Russia accounted for 47.4% of exports, Latvia for 14.6%, and Belgium for 12.3%, together making up 74.4% of total export flows.

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

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

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

Imports in kind, t

After a two-year decrease, imports of water-based acrylic or vinyl paints and varnishes into Lithuania increased in 2021. Imports reached 16 867 tonnes, marking a gradual gain of 7.9% compared to the previous year. From 2018 to 2021, imports rose by 5.4%, with a compound annual growth rate of 1.8%. The minimum value was recorded in 2020 at 15 634 tonnes, with the largest decline that year at 1.6%.

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

From 2018 to 2021, Poland, Germany, and Estonia were the leading suppliers of water-based acrylic or vinyl paints and varnishes to Lithuania. Poland accounted for 41.3% of imports in kind, Germany for 13.1%, and Estonia for 11.8%, jointly taking 66.2% of total imports.

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

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

Imports in value, K $ US

After a two-year decrease, imports of water-based acrylic or vinyl paints and varnishes into Lithuania increased in 2021. The import volume amounted to 36 554 thousand US dollars, equivalent to a solid increase of 18.1% year-over-year. From 2018 to 2021, imports grew by 9.7%, with a compound annual growth rate of 3.1%. The minimum value was recorded in 2020 at 30 963 thousand US dollars, while the largest decline occurred in 2019 at 5.6%.

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

Over the period from 2018 to 2021, Germany, Poland, and Estonia stood out as the main markets for Lithuania's imports in value terms. Germany accounted for 19.0% of imports, Poland for 16.0%, and Estonia for 15.2%, together representing 50.2% of total import flows.

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

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