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Water-based paints and varnishes: top exporters and importers (2024)

In 2024, world trade in water-based paints and varnishes totaled $7.5 billion (2.4 million tonnes). The top exporters were Germany (18%), the United States (14%) and Italy (6%); the top importers were Canada (8%), the United States (6%) and Germany (5%). Compared with 2019, the value rose 15%.

Summary

World trade
$7.5billion
Tonnes
2.4million tonnes
Price per tonne
$3,053
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$1.3 billion · 17.7%
  2. United States$1.1 billion · 14.2%
  3. Italy$485 million · 6.5%
  4. Netherlands$409 million · 5.5%
    re-exports
  5. France$378 million · 5.1%
  6. United Kingdom$293 million · 3.9%
  7. China$257 million · 3.4%
  8. Spain$256 million · 3.4%
  9. Sweden$250 million · 3.3%
  10. Belgium$226 million · 3%
    re-exports
  11. Austria$179 million · 2.4%
  12. Japan$177 million · 2.4%
  13. Poland$171 million · 2.3%
  14. Canada$169 million · 2.3%
  15. South Korea$129 million · 1.7%
  16. Denmark$128 million · 1.7%
  17. Turkey$111 million · 1.5%
  18. Singapore$94 million · 1.3%
    re-exports
  19. Czechia$85 million · 1.1%
  20. Mexico$78 million · 1%

Top importers

  1. Canada$624 million · 8.3%
  2. United States$435 million · 5.8%
  3. Germany$378 million · 5.1%
  4. Poland$344 million · 4.6%
  5. France$331 million · 4.4%
  6. Mexico$315 million · 4.2%
  7. China$290 million · 3.9%
  8. United Kingdom$261 million · 3.5%
  9. Netherlands$244 million · 3.3%
    re-exports
  10. Czechia$211 million · 2.8%
  11. Belgium$187 million · 2.5%
    re-exports
  12. Italy$160 million · 2.1%
  13. Spain$159 million · 2.1%
  14. Sweden$140 million · 1.9%
  15. Austria$130 million · 1.7%
  16. Switzerland$126 million · 1.7%
  17. Turkey$121 million · 1.6%
  18. Slovakia$114 million · 1.5%
  19. Vietnam$108 million · 1.4%
  20. Romania$106 million · 1.4%

Trend

Who sells it

Germany was the top exporter throughout the period

Value in USD billions. The five largest exporters in 2024.

  • Germany 1.3
  • United States 1.1
  • Italy 0.49
  • Netherlands 0.41
  • France 0.38

Source: CEPII BACI

Show the numbers
Country19952024
Germany0.341.3
United States0.211.1
Italy0.090.49
Netherlands0.10.41
France0.120.38

Price

Implied price

The price per tonne rose 17% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $3,053

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,618
1996$2,359
1997$2,214
1998$2,327
1999$2,236
2000$2,034
2001$1,929
2002$1,982
2003$2,234
2004$2,334
2005$2,476
2006$2,606
2007$2,792
2008$2,917
2009$2,833
2010$2,740
2011$2,942
2012$2,904
2013$2,829
2014$2,809
2015$2,504
2016$2,522
2017$2,560
2018$2,721
2019$2,652
2020$2,610
2021$2,816
2022$2,962
2023$3,131
2024$3,053

What it includes

  • 3209 · Water-based paints and varnishes

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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