The market is dominated by domestic suppliers, as imports account for 40.6% of total market size in 2020. B2B drives market demand, with B2B spending representing 93.9% of total demand in 2020. Russia has the largest market size for paints and varnishes in the region, with demand reaching USD3.8 billion in 2020. Tikkurila OOO is the largest company in Russia, generating 6.8% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 19.6% of total production value in 2020. The total number of companies decreases in 2020, to 1,720 units. The costs of the industry decrease by 15.7% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 11.0% of production value in 2020, the 10th highest in the region. With production value of USD1.8 billion, Russia accounts for 22.4% of the Eastern Europe total in 2020.
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This Euromonitor industrial report provides unique information on Paints and Varnishes in Russia: ISIC 2422. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Paints and Varnishes in Russia: ISIC 2422 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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