Russian Federation: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in the Russian Federation

The Russian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose remarkably to $X in 2022, with an increase of 7% against the previous year. Overall, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in the Russian Federation

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose notably to $X in 2022 estimated in export price. In general, production, however, recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from the Russian Federation

Exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Russia shrank to X tons in 2022, waning by -8% against the previous year's figure. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +70.1% against 2013 indices. The most prominent rate of growth was recorded in 2015 with an increase of 30%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank rapidly to $X in 2022. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Russia, with a combined 88% share of total exports. Moldova, Kyrgyzstan, Uzbekistan, Georgia and Tajikistan lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +81.4%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) appeared to be the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Russia worldwide, together comprising 89% of total exports. Kyrgyzstan, Uzbekistan, Moldova, Tajikistan and Georgia lagged somewhat behind, together accounting for a further 8.5%.

Uzbekistan, with a CAGR of +68.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, shrinking by -8.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Moldova ($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 Kyrgyzstan (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into the Russian Federation

In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium into Russia shrank slightly to X tons, with a decrease of -4.2% against the previous year's figure. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to Russia, accounting for a 33% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Belarus (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.8% per year) and Belarus (+26.7% per year).

In value terms, Finland ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Russia, comprising 33% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Belarus, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from Finland amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.6% per year) and Belarus (+18.7% per year).

Import Prices by Country

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, declining by -4.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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