Report Update: May 1, 2024

Ukraine - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights

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Paint and Varnish Price in Ukraine - 2023

Paint and Varnish Price in Ukraine (CIF) - 2023

In July 2023, the average paint and varnish import price amounted to $4,520 per ton, picking up by 1.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 11% month-to-month. Over the period under review, average import prices attained the peak figure at $4,962 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Slovenia ($6,450 per ton), while the price for Slovakia ($1,553 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Estonia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Paint and Varnish Price in Ukraine (FOB) - 2022

The average paint and varnish export price stood at $2,049 per ton in 2022, picking up by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($3,949 per ton), while the average price for exports to Moldova ($1,493 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 Kazakhstan (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Paint and Varnish Imports in Ukraine

In 2022, after three years of growth, there was significant decline in overseas purchases of paints and varnishes, when their volume decreased by -56.6% to 22K tons. Overall, imports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports reached the peak of 50K tons, and then reduced notably in the following year.

In value terms, paint and varnish imports dropped significantly to $89M in 2022. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $171M, and then declined significantly in the following year.

Import of Paint and Varnish in Ukraine (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	25.2	31.5	41.9	23.7	-2.0%
Italy	16.2	18.8	25.3	13.9	-5.0%
Germany	23.3	22.2	25.0	10.4	-23.6%
Netherlands	4.2	5.6	7.1	5.8	11.4%
Turkey	3.4	4.2	5.9	3.8	3.8%
Slovenia	2.2	2.2	3.8	3.3	14.5%
Belgium	3.9	3.8	3.5	3.3	-5.4%
Estonia	3.2	3.9	4.3	2.1	-13.1%
China	1.6	2.6	2.3	1.9	5.9%
South Korea	2.1	2.3	2.8	0.9	-24.6%
Slovakia	0.8	0.8	1.2	0.8	0.0%
Belarus	5.2	4.0	7.9	0.7	-48.7%
Russia	4.3	3.5	4.4	0.7	-45.4%
Others	25.8	29.9	36.0	18.2	-11.0%
Total	121	135	171	89.4	-9.6%

Top Suppliers of Paint and Varnish to Ukraine in 2022:

Poland (6.2K tons)
Italy (2.9K tons)
Germany (2.0K tons)
Turkey (0.9K tons)
Netherlands (0.9K tons)
China (0.8K tons)
Belarus (0.7K tons)
Estonia (0.6K tons)
Slovenia (0.6K tons)
South Korea (0.6K tons)
Slovakia (0.5K tons)
Belgium (0.5K tons)
Russia (0.5K tons)

Paint and Varnish Exports in Ukraine

In 2022, overseas shipments of paints and varnishes decreased by -41.2% to 4.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 14%.

In value terms, paint and varnish exports reduced sharply to $9.9M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of $14M, and then contracted markedly in the following year.

Export of Paint and Varnish in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Moldova	2,683	3,247	3,594	3,040	4.3%
Poland	1,355	1,417	1,891	2,175	17.1%
Georgia	651	728	921	757	5.2%
Turkey	9.0	34.3	130	749	336.6%
Lithuania	422	468	472	457	2.7%
Armenia	362	428	478	434	6.2%
Russia	2,102	2,264	2,777	393	-42.8%
Azerbaijan	322	210	310	129	-26.3%
Belarus	596	886	1,264	83.8	-48.0%
Tajikistan	248	203	227	80.6	-31.2%
Others	1,251	1,348	1,747	1,637	9.4%
Total	10,001	11,235	13,812	9,936	-0.2%

Top Export Markets for Paint and Varnish from Ukraine in 2022:

Moldova (2036.6 tons)
Poland (758.7 tons)
Turkey (387.6 tons)
Georgia (349.3 tons)
Armenia (278.9 tons)
Lithuania (269.1 tons)
Russia (160.7 tons)
Azerbaijan (44.9 tons)
Tajikistan (37.5 tons)
Belarus (34.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the paint and varnish market in Ukraine. 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 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
Prodcom 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.
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:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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