Belgium: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Belgium

The Belgian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X in 2022, surging by 3% against the previous year. Overall, consumption, however, showed a slight decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Belgium

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022 estimated in export price. In general, production recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Belgium

In 2022, after six years of growth, there was significant decline in overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume decreased by -38.2% to X tons. In general, exports recorded a mild curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 93% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell remarkably to $X in 2022. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 88%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and the UK (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Belgium, with a combined 65% share of total exports. Germany, Poland, Belarus, Luxembourg, Israel, Italy and the United States lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +44.5%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and the UK ($X) appeared to be the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Belgium worldwide, together accounting for 46% of total exports. Germany, Poland, the United States, Belarus, Italy, Israel and Luxembourg lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Belarus, with a CAGR of +50.1%, saw 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 export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, shrinking by -13.5% against the previous year. Over the period under review, the export price showed a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 10%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Luxembourg ($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 Israel (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Belgium

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -16.1% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped significantly to $X in 2022. Over the period under review, imports saw a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Belgium, together comprising 93% of total imports. Italy and the UK lagged somewhat behind, together accounting for a further 3.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Belgium were the Netherlands ($X), Germany ($X) and France ($X), together accounting for 91% of total imports. Italy and the UK lagged somewhat behind, together comprising a further 3.8%.

Among the main suppliers, Italy, with a CAGR of +7.0%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, waning by -18.3% against the previous year. In general, the import price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 9.5% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 the UK (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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