Russian Federation: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in the Russian Federation

The Russian market for paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021, with an increase of 20% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in the Russian Federation

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 48%. Production of peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from the Russian Federation

In 2021, exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Russia soared to X units, jumping by 38% on 2020. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 214%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 195% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Ukraine (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Russia, with a combined 89% share of total exports. These countries were followed by Armenia, Azerbaijan and Uzbekistan, which together accounted for a further 8.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +127.3%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) were the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Russia worldwide, with a combined 85% share of total exports. These countries were followed by Armenia, Azerbaijan and Uzbekistan, which together accounted for a further 11%.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +118.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, with an increase of 8% against the previous year. In general, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+10.7%), while the prices for the other major destinations experienced a decline.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into the Russian Federation

In 2021, overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 22% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% 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 +47.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 25%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest paint, distemper, varnish or similar brush, paint pad and roller supplier to Russia, accounting for a 84% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), more than tenfold. Serbia (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+56.3% per year) and Serbia (+41.9% per year).

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Russia, comprising 71% of total imports. The second position in the ranking was held by Serbia ($X), with a 4.2% share of total imports. It was followed by Germany, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+37.1% per year) and Germany (-10.1% per year).

Import Prices by Country

In 2021, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, declining by -1.8% against the previous year. Overall, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 5.4% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform