Benelux: 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 Benelux

The Benelux market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium was estimated at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium totaled $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 37%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in Benelux

In 2022, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -19.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, the exports of attained the maximum at X tons in 2021, and then fell markedly in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted sharply to $X in 2022. Over the period under review, exports recorded a mild slump. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then shrank notably in the following year.

Exports by Country

In 2022, the Netherlands (X tons) was the largest exporter of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, mixing up 76% of total exports. It was distantly followed by Belgium (X tons), constituting a 24% share of total exports.

The Netherlands was also the fastest-growing in terms of the paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports, with a CAGR of -1.1% from 2012 to 2022. Belgium (-1.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in Benelux, comprising 75% of total exports. The second position in the ranking was taken by Belgium ($X), with a 25% share of total exports.

In the Netherlands, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, which is down by -3.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 15%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%).

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

Imports in Benelux

In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Benelux declined sharply to X tons, waning by -15.6% against the previous year's figure. Overall, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell sharply to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then contracted markedly in the following year.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) dominates medium structure, together mixing up 95% of total imports. It was distantly followed by Luxembourg (X tons), committing a 5.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +4.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X), with a combined 99.9% share of total imports.

Luxembourg, with a CAGR of +1.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, falling by -14.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($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 (+5.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform