Russian Federation: Paint And Varnish Market 2025

Paint And Varnish Market Size in the Russian Federation

The Russian paint and varnish market expanded to $X in 2022, rising by 3.3% against the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Paint And Varnish Production in the Russian Federation

In value terms, paint and varnish production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. Paint and varnish production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Paint And Varnish Exports

Exports from the Russian Federation

In 2022, overseas shipments of paints and varnishes decreased by -4.3% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +15.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 37%. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, paint and varnish exports declined to $X in 2022. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +84.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for paint and varnish exports from Russia, with a 46% share of total exports. Moreover, paint and varnish exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+8.5% per year) and Ukraine (-1.1% per year).

In value terms, Kazakhstan ($X), Belarus ($X) and Uzbekistan ($X) constituted the largest markets for paint and varnish exported from Russia worldwide, together accounting for 80% of total exports.

Among the main countries of destination, Uzbekistan, with a CAGR of +42.0%, recorded 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 paint and varnish export price stood at $X per ton in 2022, waning by -7.4% against the previous year. Overall, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 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 Uzbekistan ($X per ton), while the average price for exports to Ukraine ($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 Tajikistan (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Paint And Varnish Imports

Imports into the Russian Federation

In 2022, approx. X tons of paints and varnishes were imported into Russia; which is down by -2.3% against the year before. Over the period under review, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2017 when imports increased by 6.9%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, paint and varnish imports fell to $X in 2022. Overall, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +21.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Italy ($X) were the largest paint and varnish suppliers to Russia, with a combined 46% share of total imports. Poland, China, the UK, France, Sweden, Slovenia, the Netherlands, Spain, South Korea and Belarus lagged somewhat behind, together comprising a further 43%.

In terms of the main suppliers, China, with a CAGR of +20.7%, recorded the highest growth rate of 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 paint and varnish import price amounted to $X per ton, waning by -3.8% against the previous year. In general, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of 8%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 South Korea ($X per ton), while the price for Belarus ($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 (+6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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