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 2021, after four years of growth, there was decline in the CIS aqueous paint and varnish market, when its value decreased by -0.6% to $X. The total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.6% against 2016 indices. The level of consumption peaked at $X in 2020, and then fell slightly in the following year.

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

In value terms, aqueous paint and varnish production reduced slightly to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32%. Over the period under review, production attained the peak level at $X in 2020, and then declined slightly in the following year.

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

Exports in CIS

In 2021, exports of paints and varnishes dispersed or dissolved in an aqueous medium in the CIS rose modestly to X tons, growing by 2.4% compared with 2020 figures. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 28% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, aqueous paint and varnish exports surged to $X in 2021. Overall, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia was the key exporting country with an export of around X tons, which recorded 60% of total exports. Belarus (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons). All these countries together held near 36% share of total exports. Azerbaijan (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +7.6% from 2012 to 2021. At the same time, Azerbaijan (+19.5%), Belarus (+11.4%) and Kazakhstan (+8.3%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +19.5% from 2012-2021. Belarus (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -5.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest aqueous paint and varnish supplier in the CIS, comprising 64% of total exports. The second position in the ranking was taken by Belarus ($X), with a 22% share of total exports. It was followed by Kazakhstan, with a 9.4% share.

In Russia, aqueous paint and varnish exports expanded at an average annual rate of +8.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+9.6% per year) and Kazakhstan (+11.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, increasing by 32% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached 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 2021, the country with the highest price was Russia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.9%), 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 sharply to X tons in 2021, surging by 14% on 2020. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aqueous paint and varnish imports surged to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.7% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) was the largest importer of paints and varnishes dispersed or dissolved in an aqueous medium, constituting 58% of total imports. It was distantly followed by Belarus (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons), together achieving a 28% share of total imports. Moldova (X tons), Tajikistan (X tons) and Azerbaijan (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 dispersed or dissolved in an aqueous medium. At the same time, Azerbaijan (+11.7%), Tajikistan (+7.5%), Belarus (+7.3%), Moldova (+5.9%), Kyrgyzstan (+4.0%) and Kazakhstan (+2.9%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +11.7% from 2012-2021. While the share of Belarus (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported paints and varnishes dispersed or dissolved in an aqueous medium in the CIS, comprising 72% of total imports. The second position in the ranking was held by Belarus ($X), with a 10% share of total imports. It was followed by Kazakhstan, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+5.2% per year) and Kazakhstan (+2.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, growing by 7.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :