Luxembourg: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Luxembourg

For the third year in a row, the Luxembourg market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium recorded growth in sales value, which increased by 9.8% to $X in 2022. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Luxembourg

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were exported from Luxembourg; with an increase of 4.5% on the previous year's figure. Over the period under review, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 23% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022. In general, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Luxembourg, with a 61% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Belgium exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.1% per year) and the Netherlands (+2.1% per year).

In value terms, Belgium ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Luxembourg, comprising 66% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.7% per year) and the Netherlands (+6.5% per year).

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, declining by -16.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 44% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Luxembourg

In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium into Luxembourg surged to X tons, jumping by 31% against 2021 figures. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +57.3% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 36%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 18% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Luxembourg, with a 69% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. Portugal (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.0% per year) and Portugal (+60.5% per year).

In value terms, Germany ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Luxembourg, comprising 57% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 4.3% share.

From 2012 to 2022, 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: Belgium (-1.2% per year) and the Netherlands (+18.2% per year).

Import Prices by Country

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, which is down by -26.8% against the previous year. In general, the import price recorded a perceptible decrease. The growth pace was the most rapid in 2016 an increase of 20%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($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 Czech Republic (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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