Benelux: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Benelux

In 2021, after two years of growth, there was significant decline in the Benelux market for oil and water paints and varnishes, when its value decreased by -51.5% to $X. Overall, consumption, however, recorded a moderate expansion. The level of consumption peaked at $X in 2020, and then reduced dramatically in the following year.

Production of Oil And Water Paints And Varnishes in Benelux

In value terms, production of oil and water paints and varnishes reduced sharply to $X in 2021 estimated in export price. Over the period under review, production saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 18%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Oil And Water Paints And Varnishes

Exports in Benelux

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. Over the period under review, exports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2014 with an increase of 37% 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 remained at a lower figure.

In value terms, exports of oil and water paints and varnishes surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Belgium (X tons) and the Netherlands (X tons), together resulting at 100% of total export.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +20.3%).

In value terms, the largest oil and water paints and varnishes supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

Belgium, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, rising by 26% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for oil and water paints and varnishes increased by +69.9% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of 32%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.4%).

Imports of Oil And Water Paints And Varnishes

Imports in Benelux

In 2021, the amount of oil and water paints and varnishes imported in Benelux rose sharply to X tons, surging by 13% against the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 25%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, imports of oil and water paints and varnishes skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 22%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) dominates varnishes structure, together constituting 91% of total imports. It was distantly followed by Luxembourg (X tons), making up an 8.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Luxembourg (with a CAGR of +20.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2021.

Belgium, with a CAGR of +9.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, growing by 3.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform