Argentina: Market for Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings 2024

Market Size for Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in Argentina

In 2022, the Argentinian market for glaziers putty, grafting putty, other mastics and painters' fillings increased by 18% to $X, rising for the second year in a row after three years of decline. Overall, consumption enjoyed a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Exports of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings

Exports from Argentina

For the fifth year in a row, Argentina recorded growth in shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings, which increased by 14% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022. Over the period under review, exports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Argentina, with a 65% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. The third position in this ranking was held by Bolivia (X tons), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Uruguay totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+4.5% per year) and Bolivia (+2.8% per year).

In value terms, Uruguay ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Argentina, comprising 52% of total exports. The second position in the ranking was held by Paraguay ($X), with a 19% share of total exports. It was followed by Ecuador, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+2.8% per year) and Ecuador (+11.2% per year).

Export Prices by Country

The average export price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, surging by 4.3% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings

Imports into Argentina

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings into Argentina totaled X tons, with an increase of 9% against 2021. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons), China (X tons) and Germany (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Argentina, with a combined 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +22.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Argentina were Brazil ($X), China ($X) and Germany ($X), with a combined 58% share of total imports.

In terms of the main suppliers, China, with a CAGR of +18.3%, 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

The average import price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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