CIS: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in CIS

The CIS polishes for coachwork market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Polishes For Coachwork Production in CIS

In value terms, polishes for coachwork production dropped modestly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable decline. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports in CIS

For the fifth consecutive year, the CIS recorded growth in shipments abroad of polishes for coachwork, which increased by X% to X tons in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, polishes for coachwork exports expanded markedly to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Russia represented the major exporting country with an export of about X tons, which accounted for X% of total exports. Belarus (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (X%) and Armenia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest polishes for coachwork supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, waning by X% against the previous year. In general, the export price recorded a deep setback. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Polishes For Coachwork Imports

Imports in CIS

Polishes for coachwork imports was estimated at X tons in 2022, surging by X% on 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, polishes for coachwork imports fell to $X in 2022. In general, imports 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. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Russia represented the main importer of polishes for coachwork in the CIS, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Uzbekistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%), Kazakhstan (X%) and Azerbaijan (X%). The following importers - Tajikistan (X tons) and Moldova (X tons) - each amounted to a X% share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Azerbaijan (X%), Belarus (X%), Tajikistan (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan, Azerbaijan and Belarus increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported polishes for coachwork in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Russia, polishes for coachwork imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, 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