Water-based polymer paints and varnishes market in Estonia

Earlier Report Observations

The Estonian market for water-based polymer paints and varnishes contracted in physical volume from 13 907 t in 2018 to 10 581 t in 2024, with a temporary rebound to 13 259 t in 2020. In value terms, the market fluctuated more sharply, falling from USD 21.9 million in 2018 to USD 14.4 million in 2021 before entering a period of recovery.

From 2022, while market volume continued to decline, its value began a steady increase, reaching USD 18.0 million by 2024. This period saw the growing influence of social media and digital platforms as sales channels, the expansion of e-commerce and digital B2B procurement, and interior design trends favoring bright and natural tones, which collectively supported demand for higher-value products within the market.

Production water-based polymer paints and varnishes in Estonia

In value, 2018-2021, K $ US

In 2021, Estonia's output of water-based polymer paints and varnishes was valued at 20,408 thousand US dollars, marking a slight decline of 0.6% compared to 2020. Looking at the period from 2018 to 2021, production decreased by 7.7%, with an average annual growth rate of -2.6%. The lowest value was recorded in 2019 at 17,529 thousand US dollars, which saw the largest decline of 20.7%. In contrast, 2020 experienced the largest increase of 17.1%.

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

In kind, 2018-2021, t

In 2021, Estonia produced 9,291 tonnes of water-based polymer paints and varnishes, representing a year-on-year decrease of 7.8%. Over the 2018-2021 period, production fell by 14%, with an average annual decline of 4.9%. The minimum volume was recorded in 2019 at 8,969 tonnes, which also saw the largest drop of 17.0%. The largest increase occurred in 2020, with a rise of 12.4%.

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

Exports water-based polymer paints and varnishes from Estonia

Exports in kind, t

Estonia's exports of water-based polymer paints and varnishes have increased for the third consecutive year. In 2021, the country exported 14,643 tonnes, showing a moderate growth of 9.5% compared to the previous year. From 2018 to 2021, exports rose by 18.7%, with an average annual increase of 5.9%.

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

Between 2018 and 2021, Latvia, Lithuania, and Sweden formed the main cluster of markets for Estonia's exports in kind. Latvia accounted for 28.4% of exports, Lithuania for 20.0%, and Sweden for 14.2%, together representing 62.5% of total export flows.

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

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

Exports in value, K $ US

Estonia's export volumes of water-based polymer paints and varnishes have grown for the third year in a row. In 2021, exports reached 42,053 thousand US dollars, a strong increase of 22.6% compared to the previous year. Over the 2018-2021 period, exports surged by 37.9%, with an average annual growth rate of 11.3%.

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

From 2018 to 2021, Latvia, Lithuania, and Sweden stood out as the main markets for Estonia's exports in value terms. Latvia contributed 27.7% of export value, Lithuania 22.6%, and Sweden 12.9%, collectively making up 63.3% of total export flows.

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

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

Imports water-based polymer paints and varnishes to Estonia

Imports in kind, t

Estonia's imports of water-based polymer paints and varnishes have risen for the second consecutive year. In 2021, imports reached 17,707 tonnes, up by 7.0% compared to the prior year. Between 2018 and 2021, imports increased by 14.7%, equating to an annualized rate of 4.7%. The lowest volume was recorded in 2019 at 14,585 tonnes, which saw the largest decline of 5.5%. The largest increase occurred in 2020, with a jump of 13.5%.

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

In the 2018-2021 period, Sweden, Finland, and Latvia continued to be the main suppliers of water-based polymer paints and varnishes to Estonia. Sweden accounted for 37.6% of imports in kind, Finland for 19.3%, and Latvia for 17.0%, jointly forming 74.0% of total imports.

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

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

Imports in value, K $ US

Estonia's imports of water-based polymer paints and varnishes have increased for the second year in a row. In 2021, the country imported 36,074 thousand US dollars worth of these products, amounting to a strong increase of 11.9% compared to 2020. Between 2018 and 2021, imports grew by 19.2%, with an annualized rate of 6.0%. The minimum value was recorded in 2019 at 29,346 thousand US dollars, which saw the largest decline of 3.1%.

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

From 2018 to 2021, Sweden, Finland, and Germany were the principal sources for Estonia's imports in value terms. Sweden accounted for 32.8% of import value, Finland for 22.7%, and Germany for 8.6%, together representing 64.1% of total import flows.

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

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