Benelux: Alkyd Resins Market 2024

Alkyd Resins Market Size in Benelux

In 2023, after two years of growth, there was decline in the Benelux alkyd resins market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Alkyd Resins Production in Benelux

In value terms, alkyd resins production dropped modestly to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Alkyd Resins Exports

Exports in Benelux

In 2023, overseas shipments of alkyd resins in primary forms decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, alkyd resins exports shrank slightly to $X in 2023. Total exports indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then contracted modestly in the following year.

Exports by Country

In 2023, the Netherlands (X tons) was the key exporter of alkyd resins in primary forms, creating X% of total exports. It was distantly followed by Belgium (X tons), comprising a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the alkyd resins in primary forms exports, with a CAGR of X% from 2012 to 2023. Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest alkyd resins supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands stood at X%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, growing by X% against the previous year. Export price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, alkyd resins export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Alkyd Resins Imports

Imports in Benelux

In 2023, supplies from abroad of alkyd resins in primary forms decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, alkyd resins imports shrank remarkably to $X in 2023. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of X%).

In value terms, the largest alkyd resins importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform