Benelux: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Benelux

The Benelux market for spray guns and similar appliances contracted to $X in 2022, falling by -7.4% against the previous year. In general, consumption, however, continues to indicate prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Spray Guns And Similar Appliances in Benelux

In value terms, spray guns and similar appliances production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 1,193% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports in Benelux

In 2022, shipments abroad of spray guns and similar appliances decreased by -17.5% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a slight decrease. The pace of growth was the most pronounced in 2016 when exports increased by 203%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, spray guns and similar appliances exports dropped rapidly to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +71.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 31%. The level of export peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

In 2022, the Netherlands (X units) was the largest exporter of spray guns and similar appliances, constituting 73% of total exports. It was distantly followed by Belgium (X units), comprising a 26% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -2.8% from 2012 to 2022. At the same time, Belgium (+6.4%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +6.4% from 2012-2022. From 2012 to 2022, the share of Belgium increased by +13 percentage points.

In value terms, the largest spray guns and similar appliances supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main exporting countries, Belgium, with a CAGR of +9.2%, 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 unit, surging by 2.9% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spray guns and similar appliances export price increased by +7.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 88%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%).

Imports of Spray Guns And Similar Appliances

Imports in Benelux

In 2022, overseas purchases of spray guns and similar appliances decreased by -21.9% to X units for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of X units, and then contracted significantly in the following year.

In value terms, spray guns and similar appliances imports shrank sharply to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

The Netherlands was the largest importer of spray guns and similar appliances in Benelux, with the volume of imports resulting at X units, which was approx. 66% of total imports in 2022. It was distantly followed by Belgium (X units), mixing up a 32% share of total imports.

Imports into the Netherlands increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Belgium (+6.3%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +6.3% from 2012-2022. Belgium (+2 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -2.4% from 2012 to 2022, respectively.

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

Belgium, with a CAGR of +6.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, picking up by 4.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 11% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.3%).

Source: IndexBox Platform