Belgium: Market for Oil And Water Paints And Varnishes 2025

Market Size for Oil And Water Paints And Varnishes in Belgium

In 2021, the Belgian market for oil and water paints and varnishes decreased by -76.6% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption recorded a perceptible decline. Over the period under review, the market attained the peak level at $X in 2020, and then fell sharply in the following year.

Production of Oil And Water Paints And Varnishes in Belgium

In value terms, production of oil and water paints and varnishes contracted sharply to $X in 2021 estimated in export price. Overall, production, however, showed modest growth. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then reduced notably in the following year.

Exports of Oil And Water Paints And Varnishes

Exports from Belgium

In 2021, shipments abroad of oil and water paints and varnishes was finally on the rise to reach X tons after four years of decline. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 145% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of oil and water paints and varnishes soared to $X in 2021. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 101% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The UK (X tons), Spain (X tons) and Turkey (X tons) were the main destinations of exports of oil and water paints and varnishes from Belgium, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +111.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oil and water paints and varnishes exported from Belgium were the UK ($X), Spain ($X) and Turkey ($X), together comprising 52% of total exports.

Turkey, with a CAGR of +96.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for oil and water paints and varnishes amounted to $X per ton, increasing by 38% against the previous year. Over the period under review, the export price, however, saw a mild setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Belgium

For the third consecutive year, Belgium recorded growth in purchases abroad of oil and water paints and varnishes, which increased by 27% to X tons in 2021. Overall, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 28%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of oil and water paints and varnishes surged to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.4% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main suppliers of imports of oil and water paints and varnishes to Belgium, together comprising 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +189.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oil and water paints and varnishes suppliers to Belgium were Germany ($X), France ($X) and Poland ($X), with a combined 73% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +173.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for oil and water paints and varnishes amounted to $X per ton, rising by 3.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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