Kazakhstan: 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 Kazakhstan

In 2021, after two years of growth, there was decline in the Kazakh aqueous paint and varnish market, when its value decreased by -2.5% to $X. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.6% against 2017 indices. Aqueous paint and varnish consumption peaked at $X in 2020, and then declined in the following year.

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

In value terms, aqueous paint and varnish production declined to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +5.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 104%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

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

Exports from Kazakhstan

In 2021, overseas shipments of paints and varnishes dispersed or dissolved in an aqueous medium decreased by -18.1% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, saw strong growth. The pace of growth was the most pronounced in 2018 with an increase of 111% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, aqueous paint and varnish exports expanded rapidly to $X in 2021. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 71%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Kyrgyzstan (X tons) was the main destination for aqueous paint and varnish exports from Kazakhstan, with a 82% share of total exports. Moreover, aqueous paint and varnish exports to Kyrgyzstan exceeded the volume sent to the second major destination, Tajikistan (X tons), ninefold. The third position in this ranking was taken by Uzbekistan (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Kyrgyzstan amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+12.1% per year) and Uzbekistan (+10.6% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in an aqueous medium exports from Kazakhstan, comprising 72% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 14% share of total exports. It was followed by Tajikistan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+16.0% per year) and Tajikistan (+14.9% per year).

Export Prices by Country

In 2021, the average aqueous paint and varnish export price amounted to $X per ton, surging by 31% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aqueous paint and varnish export price increased by +71.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54%. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Kazakhstan

Aqueous paint and varnish imports into Kazakhstan surged to X tons in 2021, rising by 59% on the year before. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.7% against 2017 indices. 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 soared to $X in 2021. Over the period under review, imports posted a temperate increase. 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) constituted the largest aqueous paint and varnish supplier to Kazakhstan, with a 69% share of total imports. Moreover, aqueous paint and varnish imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), tenfold. Turkey (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-7.5% per year) and Turkey (+4.0% per year).

In value terms, Russia ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in an aqueous medium to Kazakhstan, comprising 54% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.0% per year) and South Korea (+34.6% per year).

Import Prices by Country

The average aqueous paint and varnish import price stood at $X per ton in 2021, falling by -2.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 37%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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