Benelux: 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 Benelux

The Benelux non-aqueous paint and varnish market fell dramatically to $X in 2022, shrinking by -70.8% against the previous year. Over the period under review, consumption faced a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, non-aqueous paint and varnish production shrank remarkably to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 18%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Benelux

In 2022, shipments abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -4.8% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports recorded a slight contraction. The growth pace was the most rapid in 2021 when exports increased by 14%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish exports contracted to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 24%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

The Netherlands was the main exporter of paints and varnishes dispersed or dissolved in a non-aqueous medium in Benelux, with the volume of exports reaching X tons, which was near 65% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +1.8%).

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, the Netherlands, with a CAGR of +1.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, shrinking by -5.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 13%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.1%).

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

Imports in Benelux

After four years of growth, purchases abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -10.3% to X tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 20% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, non-aqueous paint and varnish imports reduced remarkably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. Over the period under review, imports hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) prevails in imports structure, together achieving 98% of total imports. Luxembourg (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +3.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the Netherlands, with a CAGR of +1.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with a decrease of -9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 13%. As a result, import price reached the peak level of $X per ton, and then shrank 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 Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform