Belgium: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Belgium

In 2022, the Belgian non-aqueous paint and varnish market decreased by -87.6% to $X, falling for the second year in a row after seven years of growth. Over the period under review, consumption faced a precipitous descent. Non-aqueous paint and varnish consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Belgium

In value terms, non-aqueous paint and varnish production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 25%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Belgium

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -18.4% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Indonesia (X tons) and France (X tons) were the main destinations of non-aqueous paint and varnish exports from Belgium, with a combined 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +25.0%), while the other leaders experienced a decline.

In value terms, the largest markets for non-aqueous paint and varnish exported from Belgium were Indonesia ($X), the Netherlands ($X) and France ($X), together accounting for 28% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +32.5%, 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 non-aqueous paint and varnish export price amounted to $X per ton, falling by -6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 19%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($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 China (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Belgium

In 2022, after two years of growth, there was significant decline in supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume decreased by -19.4% to X tons. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 36% against the previous year. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, non-aqueous paint and varnish imports reduced rapidly to $X in 2022. In general, imports recorded a slight decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 42%. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest non-aqueous paint and varnish supplier to Belgium, accounting for a 48% share of total imports. Moreover, non-aqueous paint and varnish imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Poland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.2% per year) and Poland (+32.1% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Belgium, comprising 41% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.4% per year) and the Netherlands (-3.1% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, declining by -9.9% against the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 5.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the Netherlands ($X per ton), while the price for Poland ($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 Netherlands (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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