Asia: 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 Asia

The Asian market for glaziers putty, grafting putty, other mastics and painters' fillings reached $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 26%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia

For the ninth year in a row, Asia recorded growth in shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings, which increased by 21% to X tons in 2022. Over the period under review, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X in 2022. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 28%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

China (X tons), Turkey (X tons), Azerbaijan (X tons) and South Korea (X tons) represented roughly 65% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), Kazakhstan (X tons) and India (X tons), together constituting a 15% share of total exports. Japan (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Thailand (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +173.8%), 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 Asia were China ($X), Turkey ($X) and Japan ($X), together accounting for 62% of total exports. South Korea, the United Arab Emirates, Malaysia, Thailand, Kazakhstan, India, Saudi Arabia, Uzbekistan and Azerbaijan lagged somewhat behind, together accounting for a further 28%.

In terms of the main exporting countries, Azerbaijan, with a CAGR of +96.8%, saw the highest growth rate of 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

The export price in Asia stood at $X per ton in 2022, dropping by -6.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 6.6% against the previous year. Over the period under review, the export prices hit record highs 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 origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.2%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings in Asia declined slightly to X tons, stabilizing at the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +11.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings expanded slightly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value 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 +25.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X tons), China (X tons), Georgia (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), India (X tons), Vietnam (X tons), Kazakhstan (X tons), Kuwait (X tons), Thailand (X tons), Taiwan (Chinese) (X tons) and Yemen (X tons) represented the key importer of glaziers putty, grafting putty, other mastics and painters' fillings in Asia, creating 60% of total import. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported glaziers putty, grafting putty, other mastics and painters' fillings in Asia, comprising 23% of total imports. The second position in the ranking was taken by Turkey ($X), with a 9.4% share of total imports. It was followed by Taiwan (Chinese), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +4.4%. In the other countries, the average annual rates were as follows: Turkey (+7.2% per year) and Taiwan (Chinese) (+0.5% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by 3.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 8.7%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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