Belgium: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Belgium

The Belgian polishes for coachwork market soared to $X in 2022, jumping by 34% against the previous year. Overall, consumption, however, continues to indicate a mild downturn. Polishes for coachwork consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Polishes For Coachwork Production in Belgium

In value terms, polishes for coachwork production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 7%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Polishes For Coachwork Exports

Exports from Belgium

In 2022, the amount of polishes for coachwork exported from Belgium contracted dramatically to X tons, reducing by -44.5% on the previous year's figure. Over the period under review, exports saw a noticeable decrease. The growth pace was the most rapid in 2021 when exports increased by 50%. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, polishes for coachwork exports dropped remarkably to $X in 2022. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for polishes for coachwork exports from Belgium, with a 81% share of total exports. Moreover, polishes for coachwork exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.7% per year) and the UK (-3.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for polishes for coachwork exports from Belgium, comprising 55% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Italy, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-9.4% per year) and Italy (+2.9% per year).

Export Prices by Country

In 2022, the average polishes for coachwork export price amounted to $X per ton, rising by 10% against the previous year. Overall, the export price, however, recorded a slight slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Belgium

After two years of growth, purchases abroad of polishes for coachwork decreased by -32.7% to X tons in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 54%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, polishes for coachwork imports plummeted to $X in 2022. Over the period under review, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest polishes for coachwork supplier to Belgium, with a 63% share of total imports. Moreover, polishes for coachwork imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.4% per year) and France (-16.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of polishes for coachwork to Belgium, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the United States, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.3% per year) and the United States (+7.3% per year).

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, leveling off at the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork import price decreased by -4.6% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average 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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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