Uzbekistan: 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 Uzbekistan

In 2022, the Uzbek market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a perceptible slump. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted notably to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 105%. As a result, production attained the peak level of $X, and then reduced sharply in the following year.

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

Exports from Uzbekistan

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were exported from Uzbekistan; jumping by 29% against 2021 figures. In general, total exports indicated prominent growth from 2017 to 2022: its volume increased at an average annual rate of +12.2% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Turkmenistan (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Uzbekistan, with a 75% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Turkmenistan exceeded the volume sent to the second major destination, Tajikistan (X tons), fourfold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a 7.4% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Turkmenistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (-17.6% per year) and Kyrgyzstan (+2.1% per year).

In value terms, Turkmenistan ($X), Tajikistan ($X) and Kyrgyzstan ($X) were the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Uzbekistan worldwide, with a combined 94% share of total exports.

Kyrgyzstan, with a CAGR of +15.2%, recorded the highest growth rate of the value of exports, among 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, reducing by -28.3% against the previous year. In general, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 102%. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Turkmenistan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+39.8%), 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 Uzbekistan

In 2022, purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium was finally on the rise to reach X tons after two years of decline. Over the period under review, imports recorded a strong increase. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. In general, total imports indicated temperate growth from 2017 to 2022: its value increased at an average annual rate of +2.3% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to Uzbekistan, accounting for a 58% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Turkey exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold. Russia (X tons) ranked third in terms of total imports with a 6.3% share.

From 2017 to 2022, the average annual growth rate of volume from Turkey amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+36.4% per year) and Russia (-5.5% per year).

In value terms, Turkey ($X), Kazakhstan ($X) and Italy ($X) were the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Uzbekistan, together comprising 62% of total imports. Russia, Finland, the United Arab Emirates, China, Lithuania and Kyrgyzstan lagged somewhat behind, together accounting for a further 25%.

Finland, with a CAGR of +258.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, which is down by -38.4% against the previous year. Over the period under review, the import price showed a abrupt slump. The growth pace was the most rapid in 2021 when the average import price increased by 60% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined notably 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 Finland ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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