Belarus: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Belarus

In 2022, after two years of growth, there was significant decline in the Belarusian non-aqueous paint and varnish market, when its value decreased by -5.6% to $X. Over the period under review, consumption showed a abrupt shrinkage. Non-aqueous paint and varnish consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Belarus

In value terms, non-aqueous paint and varnish production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Belarus

In 2022, exports of paints and varnishes dispersed or dissolved in a non-aqueous medium from Belarus reduced to X tons, waning by -6.3% against 2021 figures. The total export volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 19%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, non-aqueous paint and varnish exports fell to $X in 2022. Overall, exports saw a mild setback. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for non-aqueous paint and varnish exports from Belarus, with a 77% share of total exports. Moreover, non-aqueous paint and varnish exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. Kazakhstan (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-1.3% per year) and Kazakhstan (+3.2% per year).

In value terms, Russia ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Belarus, comprising 75% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 14% share of total exports. It was followed by Kazakhstan, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-3.7% per year) and Kazakhstan (+0.0% per year).

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, reducing by -2.5% against the previous year. Over the period under review, the export price saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 an increase of 18%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Ukraine ($X per ton) and Kazakhstan ($X per ton), while the average price for exports to Russia ($X per ton) and Georgia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-2.5%), while the prices for the other major destinations experienced a decline.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Belarus

In 2022, after six years of growth, there was significant decline in supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume decreased by -17.3% to X tons. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +59.2% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, non-aqueous paint and varnish imports declined notably to $X in 2022. Over the period under review, imports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2021 when imports increased by 86%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest non-aqueous paint and varnish supplier to Belarus, accounting for a 44% share of total imports. Moreover, non-aqueous paint and varnish imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.8% per year) and Germany (-3.3% per year).

In value terms, Russia ($X), Germany ($X) and Italy ($X) were the largest non-aqueous paint and varnish suppliers to Belarus, with a combined 60% share of total imports. Poland, Sweden, Slovenia, Serbia, Finland and Turkey lagged somewhat behind, together accounting for a further 28%.

Turkey, with a CAGR of +19.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, which is down by -7.1% against the previous year. In general, the import price recorded a mild reduction. The growth pace was the most rapid in 2021 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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