Belgium: Paint And Varnish Market 2025

Paint And Varnish Market Size in Belgium

In 2022, the Belgian paint and varnish market decreased by -65.8% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Paint And Varnish Production in Belgium

In value terms, paint and varnish production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production saw a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 16%. Paint and varnish production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Paint And Varnish Exports

Exports from Belgium

After four years of growth, shipments abroad of paints and varnishes decreased by -32.2% to X tons in 2022. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, paint and varnish exports dropped rapidly to $X in 2022. In general, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of paint and varnish exports from Belgium, with a combined 41% share of total exports. Turkey, the UK, Indonesia, Poland, Spain, Italy, the United States, India, China and Morocco lagged somewhat behind, together accounting for a further 34%.

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 +17.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paint and varnish exported from Belgium were the Netherlands ($X), Indonesia ($X) and France ($X), with a combined 29% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +30.2%, recorded the highest growth rate of 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

The average paint and varnish export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 Indonesia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Paint And Varnish Imports

Imports into Belgium

In 2022, paint and varnish imports into Belgium declined sharply to X tons, which is down by -20.6% against the previous year. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 39% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paint and varnish imports fell rapidly to $X in 2022. Over the period under review, imports showed a slight decline. The most prominent rate of growth was recorded in 2020 when imports increased by 42%. Over the period under review, imports reached the maximum at $X in 2021, and then declined markedly in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of paint and varnish imports to Belgium, with a combined 82% share of total imports. Poland, Italy, the UK and Spain lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +22.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the largest paint and varnish suppliers to Belgium, with a combined 78% share of total imports. Poland, Italy, the UK and Spain lagged somewhat behind, together accounting for a further 14%.

Poland, with a CAGR of +23.1%, saw 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

In 2022, the average paint and varnish import price amounted to $X per ton, declining by -10.6% against the previous year. Overall, the import price saw a slight contraction. The pace of growth was the most pronounced in 2021 an increase of 12%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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