Uzbekistan: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Uzbekistan

The Uzbek aqueous paint and varnish market rose to $X in 2021, with an increase of 2.7% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.2% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Uzbekistan

In value terms, aqueous paint and varnish production rose modestly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. Aqueous paint and varnish production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports from Uzbekistan

In 2021, approx. X tons of paints and varnishes dispersed or dissolved in an aqueous medium were exported from Uzbekistan; waning by -84.3% against the previous year's figure. In general, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank sharply in the following year.

In value terms, aqueous paint and varnish exports surged to $X in 2021. Over the period under review, exports, however, posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Afghanistan (X tons), Turkmenistan (X tons) and Tajikistan (X tons) were the main destinations of aqueous paint and varnish exports from Uzbekistan, together accounting for 89% of total exports.

From 2017 to 2021, the biggest increases were recorded for Afghanistan (with a CAGR of +228.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Turkmenistan ($X), Tajikistan ($X) and Kyrgyzstan ($X) were the largest markets for aqueous paint and varnish exported from Uzbekistan worldwide, together accounting for 90% of total exports. Afghanistan lagged somewhat behind, comprising a further 7.8%.

Afghanistan, with a CAGR of +158.0%, 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

The average aqueous paint and varnish export price stood at $X per ton in 2021, jumping by 899% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+117.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports into Uzbekistan

In 2021, purchases abroad of paints and varnishes dispersed or dissolved in an aqueous medium decreased by -34.6% to X tons, falling for the second year in a row after three years of growth. In general, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2018 with an increase of 33%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, aqueous paint and varnish imports surged to $X in 2021. Overall, total imports indicated a mild expansion from 2017 to 2021: its value increased at an average annual rate of +1.4% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.1% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Turkey (X tons) and Russia (X tons) were the main suppliers of aqueous paint and varnish imports to Uzbekistan, with a combined 69% share of total imports. Kazakhstan, Italy, Germany, Finland and Kyrgyzstan lagged somewhat behind, together accounting for a further 16%.

From 2017 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kazakhstan (with a CAGR of +49.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aqueous paint and varnish suppliers to Uzbekistan were South Korea ($X), Turkey ($X) and Russia ($X), with a combined 60% share of total imports. These countries were followed by Kazakhstan, Italy, Germany, Finland and Kyrgyzstan, which together accounted for a further 13%.

Among the main suppliers, Kazakhstan, with a CAGR of +78.0%, saw the highest rates of growth with regard to 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 2021, the average aqueous paint and varnish import price amounted to $X per ton, surging by 87% against the previous year. Over the period under review, import price indicated buoyant growth from 2017 to 2021: its price increased at an average annual rate of +5.4% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were South Korea ($X per ton) and Italy ($X per ton), while the price for Kazakhstan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+56.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :