Benelux: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Benelux

In 2022, the Benelux polishes for coachwork market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polishes For Coachwork Production in Benelux

In value terms, polishes for coachwork production declined markedly to $X in 2022 estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 482%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Polishes For Coachwork Exports

Exports in Benelux

In 2022, polishes for coachwork exports in Benelux fell to X tons, dropping by -14.9% on the previous year. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.6% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, polishes for coachwork exports fell to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.0% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 28%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, the Netherlands (X tons) represented the key exporter of polishes for coachwork, constituting 79% of total exports. It was distantly followed by Belgium (X tons), comprising a 17% share of total exports. Luxembourg (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polishes for coachwork exports from the Netherlands stood at +4.1%. At the same time, Luxembourg (+20.3%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +20.3% from 2012-2022. By contrast, Belgium (-2.3%) illustrated a downward trend over the same period. While the share of the Netherlands (+8.3 p.p.) and Luxembourg (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-11.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest polishes for coachwork supplier in Benelux, comprising 91% of total exports. The second position in the ranking was held by Belgium ($X), with a 5.1% share of total exports.

In the Netherlands, polishes for coachwork exports increased at an average annual rate of +5.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-3.5% per year) and Luxembourg (+26.9% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by 9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 when the export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+5.5%), while the other leaders experienced mixed trends in the export price figures.

Polishes For Coachwork Imports

Imports in Benelux

Polishes for coachwork imports declined sharply to X tons in 2022, which is down by -53.4% compared with the previous year's figure. In general, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polishes for coachwork imports dropped sharply to $X in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) was the key importer of polishes for coachwork, creating 62% of total imports. It was distantly followed by Belgium (X tons), comprising a 34% share of total imports. Luxembourg (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of -2.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported polishes for coachwork in Benelux, comprising 68% of total imports. The second position in the ranking was held by Belgium ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at -10.6%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-2.6% per year) and Luxembourg (+1.4% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, surging by 19% against the previous year. In general, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when the import price increased by 26%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat 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 (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform