Benelux: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Benelux

After two years of growth, the Benelux aqueous paint and varnish market decreased by -4.1% to $X in 2021. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; 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 2021, the growth of the market remained at a somewhat lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Benelux

In value terms, aqueous paint and varnish production reached $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +59.2% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. The level of production peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports in Benelux

In 2021, the amount of paints and varnishes dispersed or dissolved in an aqueous medium exported in Benelux skyrocketed to X tons, increasing by 16% against the year before. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, aqueous paint and varnish exports soared to $X in 2021. Total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 34%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands represented the key exporter of paints and varnishes dispersed or dissolved in an aqueous medium in Benelux, with the volume of exports finishing at X tons, which was near 67% of total exports in 2021. It was distantly followed by Belgium (X tons), constituting a 32% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of paints and varnishes dispersed or dissolved in an aqueous medium. At the same time, Belgium (+1.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +1.5% from 2012-2021. From 2012 to 2021, the share of Belgium increased by +2.7 percentage points.

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

The Netherlands, with a CAGR of +2.7%, saw the highest rates of growth with regard to the value of exports, among 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, picking up by 4.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%).

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports in Benelux

In 2021, purchases abroad of paints and varnishes dispersed or dissolved in an aqueous medium increased by 4.4% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 24% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, aqueous paint and varnish imports soared to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) prevails in imports structure, together making up 97% of total imports. Luxembourg (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +1.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

In terms of the main importing countries, the Netherlands, with a CAGR of +4.4%, recorded the highest growth rate of the value of imports, 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 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($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 (+7.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform