Uzbekistan: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Uzbekistan

The Uzbek non-aqueous paint and varnish market rose rapidly to $X in 2022, with an increase of 13% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-aqueous paint and varnish consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Uzbekistan

In value terms, non-aqueous paint and varnish production rose sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 34%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Uzbekistan

In 2022, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by 208% to X tons, rising for the third year in a row after two years of decline. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-aqueous paint and varnish exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X tons) was the main destination for non-aqueous paint and varnish exports from Uzbekistan, with a 92% share of total exports. Moreover, non-aqueous paint and varnish exports to Tajikistan exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold. Kyrgyzstan (X tons) ranked third in terms of total exports with a 3.3% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Tajikistan totaled +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+37.7% per year) and Kyrgyzstan (-27.9% per year).

In value terms, Tajikistan ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Uzbekistan, comprising 86% of total exports. The second position in the ranking was held by Russia ($X), with an 8.2% share of total exports. It was followed by Kyrgyzstan, with a 4% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Tajikistan stood at +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+11.2% per year) and Kyrgyzstan (-18.7% per year).

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, reducing by -3.7% against the previous year. Over the period under review, the export price, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2018 an increase of 122% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Tajikistan ($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 Azerbaijan (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Uzbekistan

In 2022, non-aqueous paint and varnish imports into Uzbekistan surged to X tons, picking up by 33% on the year before. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 72%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, non-aqueous paint and varnish imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Turkey (X tons) and China (X tons) were the main suppliers of non-aqueous paint and varnish imports to Uzbekistan, together accounting for 82% of total imports. Slovenia, Belarus, South Korea, Germany and Azerbaijan lagged somewhat behind, together accounting for a further 14%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +63.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Uzbekistan, comprising 50% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by Slovenia, with a 7.6% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Russia amounted to +67.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.8% per year) and Slovenia (+60.0% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, surging by 18% against the previous year. Over the period under review, import price indicated a prominent increase from 2017 to 2022: its price increased at an average annual rate of +7.8% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-aqueous paint and varnish import price increased by +69.1% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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