Central Asia: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Central Asia

In 2022, the Central Asian market for oil and water paints and varnishes increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Oil And Water Paints And Varnishes in Central Asia

In value terms, production of oil and water paints and varnishes dropped to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Oil And Water Paints And Varnishes

Exports in Central Asia

In 2022, shipments abroad of oil and water paints and varnishes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of oil and water paints and varnishes reduced to $X in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan prevails in varnishes structure, accounting for X tons, which was near X% of total exports in 2022. The following exporters - Uzbekistan (X tons) and Kazakhstan (X tons) - together made up X% of total exports.

Exports from Kyrgyzstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kyrgyzstan ($X) remains the largest oil and water paints and varnishes supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Kyrgyzstan, exports of oil and water paints and varnishes expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a buoyant increase. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Imports of Oil And Water Paints And Varnishes

Imports in Central Asia

In 2022, overseas purchases of oil and water paints and varnishes increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of oil and water paints and varnishes skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) represented the largest importer of oil and water paints and varnishes, making up X% of total imports. Tajikistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkmenistan (X%), Uzbekistan (X%) and Kyrgyzstan (X%).

Imports into Kazakhstan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Tajikistan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tajikistan, Uzbekistan, Turkmenistan and Kyrgyzstan increased by X, X, X and X percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported oil and water paints and varnishes in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

In Kazakhstan, imports of oil and water paints and varnishes declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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