Luxembourg: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Luxembourg

The Luxembourg non-aqueous paint and varnish market fell dramatically to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Luxembourg

In value terms, non-aqueous paint and varnish production declined to $X in 2022 estimated in export price. In general, production recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Non-aqueous paint and varnish production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Luxembourg

After two years of decline, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by X% to X tons in 2022. Over the period under review, exports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish exports skyrocketed to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), France (X tons) and Belgium (X tons) were the main destinations of non-aqueous paint and varnish exports from Luxembourg, together accounting for X% of total exports. Turkey, Germany, Iran, Bulgaria, Spain, the Philippines, Russia and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Luxembourg

In 2022, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, non-aqueous paint and varnish imports fell to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Belgium (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of non-aqueous paint and varnish imports to Luxembourg, together comprising X% of total imports.

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

In value terms, the largest non-aqueous paint and varnish suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), together accounting for X% of total imports. Italy and the Netherlands lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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 non-aqueous paint and varnish import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :