Ukraine: 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 Ukraine

In 2022, after six years of growth, there was significant decline in the Ukrainian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when its value decreased by -9.4% to $X. Overall, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2021, and then contracted in the following year.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Ukraine

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 25%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Ukraine

In 2022, after three years of growth, there was significant decline in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume decreased by -35.9% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 39% against the previous year. The exports peaked at X tons in 2021, and then reduced markedly 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. Overall, exports, however, saw a temperate increase. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Moldova (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Ukraine, accounting for a 51% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Moldova exceeded the volume sent to the second major destination, Georgia (X tons), fivefold. Lithuania (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Moldova amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+7.2% per year) and Lithuania (+28.3% per year).

In value terms, Moldova ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Ukraine, comprising 38% of total exports. The second position in the ranking was held by Georgia ($X), with an 11% share of total exports. It was followed by Lithuania, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Moldova amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+11.1% per year) and Lithuania (+41.9% per year).

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, with an increase of 13% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by +69.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of 17%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Kazakhstan ($X per ton), while the average price for exports to Moldova ($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 Kazakhstan (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Ukraine

In 2022, after three years of growth, there was significant decline in purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, when their volume decreased by -59.7% to X tons. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. Over the period under review, imports of attained the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium declined rapidly to $X in 2022. In general, imports saw a pronounced decrease. The growth pace was the most rapid in 2013 with an increase of 37%. Over the period under review, imports of attained the peak figure at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to Ukraine, accounting for a 30% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.0% per year) and South Korea (+6.9% per year).

In value terms, Poland ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Ukraine, comprising 26% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.7% per year) and Italy (+3.4% 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, picking up by 9.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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