CIS: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in CIS

In 2023, the CIS market for oil and water paints and varnishes decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a mild shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Oil And Water Paints And Varnishes in CIS

In value terms, production of oil and water paints and varnishes amounted to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Oil And Water Paints And Varnishes

Exports in CIS

Exports of oil and water paints and varnishes soared to X tons in 2023, growing by X% compared with the previous year. In general, exports, however, saw a pronounced decrease. Over the period under review, the exports of reached the maximum at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of oil and water paints and varnishes soared to $X in 2023. Over the period under review, exports, however, showed a noticeable curtailment. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Belarus (X tons) represented the key exporter of oil and water paints and varnishes, comprising X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Kyrgyzstan (X%). Azerbaijan (X tons) followed a long way behind the leaders.

Exports from Belarus increased at an average annual rate of X% from 2012 to 2023. At the same time, Azerbaijan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.), Kyrgyzstan (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Belarus ($X) emerged as the largest oil and water paints and varnishes supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with an X% share.

In Belarus, exports of oil and water paints and varnishes expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Russia (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, almost unchanged from the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Belarus ($X per ton) and Azerbaijan ($X per ton), while Russia ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Oil And Water Paints And Varnishes

Imports in CIS

After two years of decline, purchases abroad of oil and water paints and varnishes increased by X% to X tons in 2023. In general, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of oil and water paints and varnishes soared to $X in 2023. Overall, imports, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Russia represented the major importer of oil and water paints and varnishes in the CIS, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by Belarus (X tons), Kazakhstan (X tons), Azerbaijan (X tons), Tajikistan (X tons) and Uzbekistan (X tons), together creating a X% share of total imports. Kyrgyzstan (X tons) held a relatively small share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Azerbaijan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Kyrgyzstan experienced a relatively flat trend pattern. By contrast, Tajikistan (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. Belarus (X p.p.), Azerbaijan (X p.p.), Uzbekistan (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported oil and water paints and varnishes in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with an X% share of total imports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, with an increase of X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for oil and water paints and varnishes decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2021; afterwards, it flattened through to 2023.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform