Russian Federation: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in the Russian Federation

The Russian polishes for coachwork market fell to $X in 2022, shrinking by -6.5% against the previous year. In general, consumption showed a abrupt decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Polishes For Coachwork Production in the Russian Federation

In value terms, polishes for coachwork production fell to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 57%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Polishes For Coachwork Exports

Exports from the Russian Federation

In 2022, after ten years of growth, there was significant decline in overseas shipments of polishes for coachwork, when their volume decreased by -6% to X tons. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 470%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, polishes for coachwork exports reduced notably to $X in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 619%. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Ukraine (X tons), Uzbekistan (X tons) and Belarus (X tons) were the main destinations of polishes for coachwork exports from Russia, together comprising 64% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +142.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polishes for coachwork exported from Russia were Ukraine ($X), Belarus ($X) and Uzbekistan ($X), together accounting for 64% of total exports.

Uzbekistan, with a CAGR of +140.4%, recorded the highest growth rate of 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

In 2022, the average polishes for coachwork export price amounted to $X per ton, declining by -11.7% against the previous year. Overall, the export price saw a deep slump. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Uzbekistan ($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 Poland (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Polishes For Coachwork Imports

Imports into the Russian Federation

In 2022, overseas purchases of polishes for coachwork increased by 4.3% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, polishes for coachwork imports reduced to $X in 2022. Over the period under review, imports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2017 with an increase of 65%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and China (X tons) were the main suppliers of polishes for coachwork imports to Russia, together comprising 67% of total imports. Belarus, Germany, the Netherlands, Brazil, Japan, South Korea, Turkey, Poland and the UK lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +223.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Russia were the United States ($X), Italy ($X) and Germany ($X), together comprising 61% of total imports. Japan, China, the Netherlands, Brazil, South Korea, Belarus, Turkey, the UK and Poland lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Belarus, with a CAGR of +209.6%, saw 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 polishes for coachwork import price amounted to $X per ton, declining by -17.8% against the previous year. Overall, the import price, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell sharply in the following year.

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 Turkey ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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