Netherlands: Paint And Varnish Market 2024

Paint And Varnish Market Size in the Netherlands

In 2022, after two years of growth, there was significant decline in the Dutch paint and varnish market, when its value decreased by -16.9% to $X. Over the period under review, consumption recorded a slight descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Paint And Varnish Production in the Netherlands

In value terms, paint and varnish production fell notably to $X in 2022 estimated in export price. In general, production showed a sharp curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Paint And Varnish Exports

Exports from the Netherlands

In 2022, overseas shipments of paints and varnishes increased by 1.8% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, paint and varnish exports totaled $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main destinations of paint and varnish exports from the Netherlands, together accounting for 44% of total exports. The UK, Poland, Italy, Spain, Turkey, the United States, Denmark, China, Sweden and Russia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +9.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest markets for paint and varnish exported from the Netherlands worldwide, together comprising 39% of total exports. The UK, Poland, Italy, the United States, Spain, China, Turkey, Sweden, Denmark and Russia lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, the United States, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average paint and varnish export price amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 when the average export price increased by 9% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into the Netherlands

In 2022, approx. X tons of paints and varnishes were imported into the Netherlands; picking up by 2.5% against 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, paint and varnish imports plummeted to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Belgium (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of paint and varnish imports to the Netherlands, with a combined 63% share of total imports. France, Sweden, Spain, Poland and Italy lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the UK ($X) constituted the largest paint and varnish suppliers to the Netherlands, together comprising 62% of total imports. France, Sweden, Spain, Poland and Italy lagged somewhat behind, together comprising a further 28%.

Spain, with a CAGR of +15.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paint and varnish import price stood at $X per ton in 2022, dropping by -17.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 an increase of 13% against the previous year. The import price peaked at $X per ton in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :