Central Asia: Paint And Varnish Market 2025

Paint And Varnish Market Size in Central Asia

The Central Asian paint and varnish market was estimated at $X in 2022, with an increase of 1.8% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Paint And Varnish Production in Central Asia

In value terms, paint and varnish production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Paint And Varnish Exports

Exports in Central Asia

In 2022, overseas shipments of paints and varnishes increased by 103% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 171% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, paint and varnish exports skyrocketed to $X in 2022. Overall, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the key exporting country with an export of around X tons, which resulted at 83% of total exports. It was distantly followed by Uzbekistan (X tons), mixing up a 15% share of total exports.

Kazakhstan was also the fastest-growing in terms of the paints and varnishes exports, with a CAGR of +21.9% from 2012 to 2022. At the same time, Uzbekistan (+14.2%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by +20 and +15 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest paint and varnish supplier in Central Asia, comprising 91% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled +28.6%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with an increase of 36% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.6%).

Paint And Varnish Imports

Imports in Central Asia

In 2022, approx. X tons of paints and varnishes were imported in Central Asia; picking up by 1.6% compared with the previous year. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, paint and varnish imports skyrocketed to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +71.4% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) represented the largest importer of paints and varnishes, comprising 45% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a 20% share, followed by Kyrgyzstan (13%), Tajikistan (7.4%), Mongolia (7.1%) and Turkmenistan (6.5%).

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of paints and varnishes. At the same time, Uzbekistan (+21.1%), Mongolia (+5.5%), Kyrgyzstan (+5.2%) and Tajikistan (+4.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +21.1% from 2012-2022. By contrast, Turkmenistan (-6.7%) illustrated a downward trend over the same period. While the share of Uzbekistan (+20 p.p.), Kyrgyzstan (+3.1 p.p.) and Mongolia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-10.2 p.p.) and Kazakhstan (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported paints and varnishes in Central Asia, comprising 52% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 25% share of total imports. It was followed by Kyrgyzstan, with a 7% share.

In Kazakhstan, paint and varnish imports increased at an average annual rate of +2.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+28.9% per year) and Kyrgyzstan (+3.0% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, jumping by 32% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :