Kazakhstan: 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 Kazakhstan

The Kazakh non-aqueous paint and varnish market soared to $X in 2022, rising by 19% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

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

In value terms, non-aqueous paint and varnish production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 84%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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

Exports from Kazakhstan

Non-aqueous paint and varnish exports from Kazakhstan soared to X tons in 2022, increasing by 471% compared with the previous year's figure. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-aqueous paint and varnish exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for non-aqueous paint and varnish exports from Kazakhstan, with a 87% share of total exports. Moreover, non-aqueous paint and varnish exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), tenfold. Turkey (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+44.0% per year) and Turkey (+100.3% per year).

In value terms, Russia ($X) emerged as the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Kazakhstan, comprising 92% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 4.7% share of total exports. It was followed by Turkey, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +71.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+38.6% per year) and Turkey (+93.1% per year).

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, jumping by 78% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-1.3%), 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 Kazakhstan

In 2022, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -4.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish imports skyrocketed to $X in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +89.2% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest non-aqueous paint and varnish supplier to Kazakhstan, with a 65% share of total imports. Moreover, non-aqueous paint and varnish imports from Russia exceeded the figures recorded by the second-largest supplier, Iran (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+2.3% per year) and Italy (+6.6% per year).

In value terms, Russia ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Kazakhstan, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.8% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.7% per year) and Germany (+17.6% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, surging by 43% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-aqueous paint and varnish import price increased by +63.8% against 2020 indices. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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