CIS: 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 CIS

The CIS market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded rapidly to $X in 2022, growing by 5.6% against the previous year. In general, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in CIS

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 51% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in CIS

In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported in the CIS fell to X tons, with a decrease of -2.3% against 2021 figures. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced to $X in 2022. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Russia (X tons) represented the main exporter of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, constituting 50% of total exports. Belarus (X tons) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (15%) and Uzbekistan (6.2%). Armenia (X tons) and Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Russia stood at +5.3%. At the same time, Armenia (+24.9%), Azerbaijan (+18.2%), Kazakhstan (+13.2%), Uzbekistan (+12.2%) and Belarus (+10.8%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +24.9% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Kazakhstan, Belarus and Armenia increased by +6.2, +5.2, +4.4 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier in the CIS, comprising 54% of total exports. The second position in the ranking was taken by Belarus ($X), with a 23% share of total exports. It was followed by Kazakhstan, with a 16% share.

In Russia, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (+9.7% per year) and Kazakhstan (+18.3% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, which is down by -5.2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

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 (+11.1%), while the other leaders experienced more modest paces of growth.

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

Imports in CIS

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were imported in the CIS; which is down by -7.6% on 2021 figures. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +77.2% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Russia was the main importing country with an import of around X tons, which recorded 49% of total imports. It was distantly followed by Belarus (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons), together making up a 35% share of total imports. Moldova (X tons), Armenia (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium. At the same time, Armenia (+13.6%), Belarus (+11.1%), Uzbekistan (+10.2%), Kyrgyzstan (+6.7%), Moldova (+3.0%) and Kazakhstan (+1.5%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +13.6% from 2012-2022. Belarus (+11 p.p.), Uzbekistan (+3.3 p.p.), Armenia (+2.5 p.p.) and Kyrgyzstan (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -17.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in the CIS, comprising 59% of total imports. The second position in the ranking was held by Belarus ($X), with a 15% share of total imports. It was followed by Kazakhstan, with a 10% share.

In Russia, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (+9.3% per year) and Kazakhstan (+5.0% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by 2.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 9.8%. Over the period under review, import prices reached the maximum 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 Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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