Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium (CIF) - 2023
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium (FOB) - 2023
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium (CIF) - 2023
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $8,325 per ton in October 2023, rising by 76% against the previous month. In general, import price indicated moderate growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for paints and varnishes, based on polyesters, non-aqueous medium increased by +75.6% against September 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($11,866 per ton), while the price for Turkey ($2,233 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium (FOB) - 2023
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $6,073 per ton in October 2023, remaining stable against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 26% month-to-month. The export price peaked at $6,340 per ton in June 2023; however, from July 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Ecuador ($9,246 per ton), while the average price for exports to Japan ($2,814 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium
In 2022, approx. 38K tons of paints and varnishes, based on polyesters, non-aqueous medium were imported into Belgium; rising by 29% compared with 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium surged to $180M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 25.5 | 29.4 | 33.8 | 99.1 | 57.2% |
| France | 59.1 | 53.5 | 56.2 | 44.0 | -9.4% |
| Netherlands | 12.9 | 17.0 | 18.8 | 14.6 | 4.2% |
| Poland | 7.5 | 8.5 | 7.4 | 9.1 | 6.7% |
| United Kingdom | 1.5 | 8.8 | 17.1 | 6.8 | 65.5% |
| Spain | N/A | 0.1 | 0.1 | 3.3 | 474.5% |
| Others | 2.3 | 3.2 | 4.6 | 2.9 | 8.0% |
| Total | 109 | 120 | 138 | 180 | 18.2% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Belgium in 2022:
- Germany (21.7K tons)
- France (8.5K tons)
- Poland (3.1K tons)
- Netherlands (2.0K tons)
- United Kingdom (1.2K tons)
- Spain (0.6K tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium
In 2022, approx. 19K tons of paints and varnishes, based on polyesters, non-aqueous medium were exported from Belgium; rising by 60% compared with 2021 figures. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 83% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium skyrocketed to $105M in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 107%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.3 | 8.5 | 10.8 | 25.6 | 170.0% |
| Netherlands | 11.8 | 12.9 | 16.0 | 14.2 | 6.4% |
| Poland | 0.5 | 0.7 | 0.6 | 13.2 | 197.8% |
| Austria | 0.4 | 0.7 | 0.6 | 9.5 | 187.4% |
| France | 1.6 | 7.4 | 7.6 | 7.5 | 67.4% |
| Spain | 0.3 | 0.4 | 0.9 | 3.8 | 133.1% |
| Italy | 0.9 | 0.8 | 1.0 | 3.4 | 55.7% |
| Morocco | 0.8 | 3.0 | 3.7 | 3.2 | 58.7% |
| United Kingdom | 1.0 | 2.2 | 2.0 | 0.5 | -20.6% |
| Others | 8.1 | 18.6 | 15.5 | 24.4 | 44.4% |
| Total | 26.7 | 55.2 | 58.7 | 105 | 57.8% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Belgium in 2022:
- Germany (4.4K tons)
- Netherlands (3.3K tons)
- Poland (2.5K tons)
- Austria (1.5K tons)
- France (1.3K tons)
- Spain (0.8K tons)
- Italy (0.7K tons)
- Morocco (0.4K tons)
- United Kingdom (0.1K tons)
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This report provides an in-depth analysis of the market for non-aqueous paint and varnish in Belgium.
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