ASEAN: 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 ASEAN

The ASEAN market for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in ASEAN

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

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

Exports in ASEAN

Exports of glaziers putty, grafting putty, other mastics and painters' fillings reduced to X tons in 2022, falling by -8.5% compared with 2021 figures. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 21%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings dropped to $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, Malaysia (X tons) and Thailand (X tons) represented the main exporters of glaziers putty, grafting putty, other mastics and painters' fillings in ASEAN, together making up 80% of total exports. Singapore (X tons) ranks next in terms of the total exports with a 12% share, followed by Vietnam (5.4%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +25.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined 94% share of total exports. Vietnam and Indonesia lagged somewhat behind, together accounting for a further 5.7%.

In terms of the main exporting countries, Vietnam, with a CAGR of +24.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2014 when the export price increased by 18%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.8%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in ASEAN

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported in ASEAN; reducing by -6.2% against 2021 figures. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +8.4% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 34%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings expanded markedly to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +33.8% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 29% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of glaziers putty, grafting putty, other mastics and painters' fillings in 2022 were Vietnam (X tons), Thailand (X tons), Singapore (X tons), Malaysia (X tons), Indonesia (X tons) and the Philippines (X tons), together reaching 92% of total import. It was distantly followed by Cambodia (X tons), mixing up a 5.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, with a combined 68% share of total imports. Indonesia, Malaysia, the Philippines and Cambodia lagged somewhat behind, together comprising a further 31%.

Cambodia, with a CAGR of +15.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, surging by 14% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glaziers putty, grafting putty, other mastics and painters' fillings increased by +60.4% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 21% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform