Belarus: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Belarus

After three years of growth, the Belarusian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -32.2% to $X in 2022. In general, consumption, however, saw a resilient increase. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Belarus

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were exported from Belarus; shrinking by -5% on the year before. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 82%. Over the period under review, the exports of hit record highs at X tons in 2021, and then declined in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of 58%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Russia (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Belarus, accounting for a 87% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Russia exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was taken by Latvia (X tons), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-9.0% per year) and Latvia (-3.2% per year).

In value terms, Russia ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Belarus, comprising 86% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 3.7% share of total exports. It was followed by Poland, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+11.8% per year) and Poland (-6.6% per year).

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, which is down by -6.9% against the previous year. Overall, the export price saw a slight descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Poland ($X 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 (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Belarus

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -23.6% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 90%. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted notably to $X in 2022. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

Poland (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Belarus, together accounting for 85% of total imports. Finland, Sweden, Ukraine and Slovenia lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Belarus, comprising 45% of total imports. The second position in the ranking was taken by Russia ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+8.7% per year) and Germany (+4.9% per year).

Import Prices by Country

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, picking up by 4% against the previous year. Overall, the import price, however, showed a mild slump. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :