CIS: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in CIS

The CIS polishes for coachwork market declined to $X in 2022, falling by -6.5% against the previous year. In general, consumption saw a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Polishes For Coachwork Production in CIS

In value terms, polishes for coachwork production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Polishes For Coachwork Exports

Exports in CIS

For the eleventh year in a row, the CIS recorded growth in shipments abroad of polishes for coachwork, which increased by 45% to X tons in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 385% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, polishes for coachwork exports expanded notably to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 484% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Russia represented the major exporter of polishes for coachwork in the CIS, with the volume of exports finishing at X tons, which was near 55% of total exports in 2022. Belarus (X tons) held the second position in the ranking, distantly followed by Kazakhstan (X tons) and Armenia (X tons). All these countries together held approx. 45% share of total exports.

Exports from Russia increased at an average annual rate of +57.6% from 2012 to 2022. At the same time, Armenia (+95.3%), Kazakhstan (+59.9%) and Belarus (+48.2%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +95.3% from 2012-2022. While the share of Armenia (+7.8 p.p.), Russia (+5.7 p.p.) and Kazakhstan (+3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-15.9 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest polishes for coachwork supplier in the CIS, comprising 71% of total exports. The second position in the ranking was held by Belarus ($X), with a 21% share of total exports. It was followed by Kazakhstan, with a 7.1% share.

In Russia, polishes for coachwork exports increased at an average annual rate of +47.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+40.1% per year) and Kazakhstan (+44.8% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, falling by -26.9% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-5.5%), while the other leaders experienced a decline in the export price figures.

Polishes For Coachwork Imports

Imports in CIS

For the third year in a row, the CIS recorded growth in supplies from abroad of polishes for coachwork, which increased by 3.7% to X tons in 2022. Overall, imports, however, recorded a mild setback. The growth pace was the most rapid in 2017 with an increase of 26%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, polishes for coachwork imports reduced to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 44%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

Russia represented the largest importer of polishes for coachwork in the CIS, with the volume of imports resulting at X tons, which was approx. 47% of total imports in 2022. Uzbekistan (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (11%), Kazakhstan (9.3%) and Azerbaijan (6.4%). The following importers - Moldova (X tons) and Tajikistan (X tons) - together made up 5.5% of total imports.

Imports into Russia decreased at an average annual rate of -6.6% from 2012 to 2022. At the same time, Uzbekistan (+49.0%), Azerbaijan (+30.5%), Belarus (+6.4%) and Moldova (+1.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +49.0% from 2012-2022. Tajikistan and Kazakhstan experienced a relatively flat trend pattern. Uzbekistan (+17 p.p.), Azerbaijan (+6 p.p.) and Belarus (+5.7 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -33.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported polishes for coachwork in the CIS, comprising 61% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total imports. It was followed by Uzbekistan, with an 8% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -2.3%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+7.1% per year) and Uzbekistan (+69.8% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by -9.8% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork import price increased by +53.8% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 26%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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 Kazakhstan ($X per ton), while Tajikistan ($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 (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :