Belgium: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Belgium

The Belgian market for oil and water paints and varnishes surged to $X in 2022, rising by X% against the previous year. In general, consumption, however, faced a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Oil And Water Paints And Varnishes in Belgium

In value terms, production of oil and water paints and varnishes dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Oil And Water Paints And Varnishes

Exports from Belgium

In 2022, overseas shipments of oil and water paints and varnishes increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of oil and water paints and varnishes skyrocketed to $X in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Spain (X tons), the UK (X tons) and Turkey (X tons) were the main destinations of exports of oil and water paints and varnishes from Belgium, together accounting for X% of total exports. France, the Netherlands, Poland, Germany, Brazil, Italy and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Spain ($X) and Turkey ($X) were the largest markets for oil and water paints and varnishes exported from Belgium worldwide, together accounting for X% of total exports. France, Poland, the Netherlands, Germany, Mexico, Italy and Brazil lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for oil and water paints and varnishes stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a slight expansion. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Mexico ($X per ton), while the average price for exports to Turkey ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Belgium

In 2022, approx. X tons of oil and water paints and varnishes were imported into Belgium; picking up by X% compared with the previous year's figure. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of oil and water paints and varnishes surged to $X in 2022. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of oil and water paints and varnishes to Belgium, accounting for a X% share of total imports. Moreover, imports of oil and water paints and varnishes from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

In value terms, Germany ($X), the Netherlands ($X) and Poland ($X) appeared to be the largest oil and water paints and varnishes suppliers to Belgium, with a combined X% share of total imports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for oil and water paints and varnishes stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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