CIS: Alkyd Resins Market 2024

Alkyd Resins Market Size in CIS

In 2022, the CIS alkyd resins market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a pronounced reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Alkyd Resins Production in CIS

In value terms, alkyd resins production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Alkyd Resins Exports

Exports in CIS

In 2022, overseas shipments of alkyd resins in primary forms increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, alkyd resins exports declined to $X in 2022. Over the period under review, exports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons), constituting a X% share of total exports. Kazakhstan (X tons) held a relatively small share of total exports.

Exports from Belarus decreased 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 the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest alkyd resins supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with an X% share of total exports.

In Belarus, alkyd resins exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Alkyd Resins Imports

Imports in CIS

In 2022, purchases abroad of alkyd resins in primary forms increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a pronounced shrinkage. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, alkyd resins imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a perceptible decrease. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the main importer of alkyd resins in primary forms in the CIS, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Uzbekistan (X tons) ranks second in terms of the total imports with a X% share, followed by Belarus (X%) and Azerbaijan (X%). Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to alkyd resins imports into Russia stood at X%. At the same time, Azerbaijan (X%), Belarus (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Moldova (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.), Azerbaijan (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Moldova and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported alkyd resins in primary forms in the CIS, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Belarus, with an X% share.

In Russia, alkyd resins imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, which is down by X% against the previous year. Import price indicated slight growth 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. Based on 2022 figures, alkyd resins import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted rapidly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Moldova ($X per ton) and Azerbaijan ($X per ton), while Uzbekistan ($X per ton) and Belarus ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform