Luxembourg: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Luxembourg

In 2021, the Luxembourg market for paint, distemper, varnish or similar brushes, paint pads and rollers increased by 0.4% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Luxembourg

In 2021, shipments abroad of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -15% to X units, falling for the second year in a row after two years of growth. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 228% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers dropped remarkably to $X in 2021. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of 268%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Luxembourg, with a 83% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Belgium exceeded the volume sent to the second major destination, France (X units), eightfold. The third position in this ranking was held by Germany (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.8% per year) and Germany (-18.0% per year).

In value terms, Belgium ($X) remains the key foreign market for paint, distemper, varnish or similar brushes, paint pads and rollers exports from Luxembourg, comprising 72% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by the United States, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.8% per year) and the United States (0.0% per year).

Export Prices by Country

The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, reducing by -29.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Luxembourg

In 2021, after two years of growth, there was decline in overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers, when their volume decreased by -2.7% to X units. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 75%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers expanded to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest paint, distemper, varnish or similar brush, paint pad and roller supplier to Luxembourg, with a 75% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fivefold. The third position in this ranking was held by Belgium (X units), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.6% per year) and Belgium (-2.1% per year).

In value terms, Germany ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Luxembourg, comprising 82% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 9.2% share of total imports. It was followed by Belgium, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.8% per year) and Belgium (-1.2% per year).

Import Prices by Country

In 2021, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, picking up by 4.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2018 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform