Belgium - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Belgium - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights

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Price for Oil and Water Paints and Varnishes in Belgium - 2023

Contents:

  1. Price for Oil and Water Paints and Varnishes in Belgium (CIF) - 2023
  2. Price for Oil and Water Paints and Varnishes in Belgium (FOB) - 2023
  3. Imports of Oil and Water Paints and Varnishes in Belgium
  4. Exports of Oil and Water Paints and Varnishes in Belgium

Price for Oil and Water Paints and Varnishes in Belgium (CIF) - 2023

The average import price for oil and water paints and varnishes stood at $7,652 per ton in September 2023, falling by -7.8% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 19% month-to-month. The import price peaked at $8,907 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($12,165 per ton), while the price for Poland ($5,811 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oil and Water Paints and Varnishes in Belgium (FOB) - 2023

The average export price for oil and water paints and varnishes stood at $4,939 per ton in September 2023, falling by -12% against the previous month. Over the period under review, the export price saw a slight setback. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 38% against the previous month. As a result, the export price attained the peak level of $7,091 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Germany ($10,616 per ton), while the average price for exports to France ($1,972 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oil and Water Paints and Varnishes in Belgium

Imports of oil and water paints and varnishes into Belgium surged to 4.9K tons in 2022, picking up by 88% on 2021. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of oil and water paints and varnishes skyrocketed to $35M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Oil and Water Paints and Varnishes in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.24.35.915.855.5%
Netherlands1.71.62.48.571.0%
Poland1.52.03.33.836.3%
Spain1.11.01.13.039.7%
France4.24.03.82.8-12.6%
United Kingdom0.10.10.70.571.0%
Others0.50.50.61.026.0%
Total13.313.517.735.338.5%

Top Suppliers of Oil and Water Paints and Varnishes to Belgium in 2022:

  1. Germany (2176.3 tons)
  2. Netherlands (814.2 tons)
  3. Poland (717.7 tons)
  4. Spain (692.9 tons)
  5. France (279.9 tons)
  6. United Kingdom (127.0 tons)

Exports of Oil and Water Paints and Varnishes in Belgium

In 2022, the amount of oil and water paints and varnishes exported from Belgium rose to 6.2K tons, picking up by 2.1% on the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 28%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of oil and water paints and varnishes surged to $33M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 73% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.

Export of Oil and Water Paints and Varnishes in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom2.82.06.26.028.9%
Spain3.22.63.94.814.5%
Turkey2.32.72.93.515.0%
France0.40.81.73.095.7%
Poland2.30.30.42.86.8%
Netherlands1.41.72.42.724.5%
Germany0.50.50.71.130.1%
Mexico0.30.20.60.944.2%
BrazilN/A0.10.30.8182.8%
Italy0.20.20.20.858.7%
Others2.33.35.77.145.6%
Total15.614.524.933.428.9%

Top Export Markets for Oil and Water Paints and Varnishes from Belgium in 2022:

  1. Spain (1149.3 tons)
  2. United Kingdom (1029.5 tons)
  3. Turkey (983.7 tons)
  4. France (653.4 tons)
  5. Netherlands (590.9 tons)
  6. Poland (369.7 tons)
  7. Germany (157.9 tons)
  8. Brazil (142.5 tons)
  9. Italy (105.4 tons)
  10. Mexico (96.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
  • Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)

Country coverage:

  • Belgium

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Belgium
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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