Russian Federation: 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 the Russian Federation

The Russian non-aqueous paint and varnish market reduced to $X in 2022, approximately mirroring the previous year. In general, consumption, however, continues to indicate a abrupt descent. Non-aqueous paint and varnish consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in the Russian Federation

In value terms, non-aqueous paint and varnish production contracted slightly to $X in 2022 estimated in export price. Overall, production recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Non-aqueous paint and varnish production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from the Russian Federation

In 2022, after three years of growth, there was significant decline in overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium, when their volume decreased by -5.1% to X tons. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 54% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, non-aqueous paint and varnish exports fell to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.4% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for non-aqueous paint and varnish exports from Russia, accounting for a 51% share of total exports. Moreover, non-aqueous paint and varnish exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+47.9% per year) and Ukraine (-2.0% per year).

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Belarus ($X) appeared to be the largest markets for non-aqueous paint and varnish exported from Russia worldwide, with a combined 81% share of total exports.

Among the main countries of destination, Uzbekistan, with a CAGR of +45.7%, saw the highest rates of growth with regard to 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

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, reducing by -5.3% against the previous year. In general, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Armenia ($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 Uzbekistan (-1.5%), 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 the Russian Federation

In 2022, non-aqueous paint and varnish imports into Russia reduced modestly to X tons, remaining constant against 2021. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 7.4%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish imports shrank modestly to $X in 2022. In general, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and Finland (X tons) were the main suppliers of non-aqueous paint and varnish imports to Russia, with a combined 42% share of total imports. China, Poland, France, Sweden, Slovenia, Spain, the Netherlands, Turkey, the UK and Belarus lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Finland ($X) constituted the largest non-aqueous paint and varnish suppliers to Russia, together accounting for 46% of total imports. Poland, China, France, Slovenia, Sweden, Spain, the Netherlands, the UK, Belarus and Turkey lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, China, with a CAGR of +18.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, with a decrease of -3.3% against the previous year. In general, the import price showed a mild contraction. The growth pace was the most rapid in 2021 when the average import price increased by 7.3%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($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 (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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