CIS: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in CIS

In 2022, the CIS aqueous paint and varnish market increased by X% to $X, rising for the seventh year in a row after two years of decline. The total consumption indicated a moderate expansion 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, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in CIS

In value terms, aqueous paint and varnish production amounted to $X in 2022 estimated in export price. The total production indicated pronounced growth 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports in CIS

Aqueous paint and varnish exports declined remarkably to X tons in 2022, which is down by X% on the previous year's figure. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined notably in the following year.

In value terms, aqueous paint and varnish exports fell markedly to $X in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

In 2022, Russia (X tons) was the major exporter of paints and varnishes dispersed or dissolved in an aqueous medium, mixing up X% of total exports. Belarus (X tons) held the second position in the ranking, followed by Kazakhstan (X tons), Uzbekistan (X tons) and Armenia (X tons). All these countries together took near X% share of total exports. Azerbaijan (X tons) followed a long way behind the leaders.

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

In value terms, the largest aqueous paint and varnish supplying countries in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), with a combined X% share of total exports. Armenia, Uzbekistan and Azerbaijan lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports in CIS

Aqueous paint and varnish imports expanded to X tons in 2022, increasing by X% on the previous year. Total imports indicated a notable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, aqueous paint and varnish imports declined remarkably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

Russia was the key importer of paints and varnishes dispersed or dissolved in an aqueous medium in the CIS, with the volume of imports recording X tons, which was near X% of total imports in 2022. Belarus (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%) and Kyrgyzstan (X%). The following importers - Tajikistan (X tons), Moldova (X tons) and Armenia (X tons) - together made up X% of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%), Tajikistan (X%), Kyrgyzstan (X%), Moldova (X%) and Armenia (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belarus increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported paints and varnishes dispersed or dissolved in an aqueous medium in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a pronounced contraction. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($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.

Source: IndexBox Platform

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