Asia-Pacific: 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-Pacific

In 2022, the Asia-Pacific market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -0.5% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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

Exports in Asia-Pacific

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings increased by 12% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings expanded notably to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China was the main exporter of glaziers putty, grafting putty, other mastics and painters' fillings in Asia-Pacific, with the volume of exports recording X tons, which was approx. 48% of total exports in 2022. It was distantly followed by South Korea (X tons), India (X tons), Japan (X tons), Malaysia (X tons) and Thailand (X tons), together mixing up a 46% share of total exports. Singapore (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +10.9% from 2012 to 2022. At the same time, India (+23.5%), Thailand (+6.7%), Japan (+3.0%), South Korea (+1.4%) and Singapore (+1.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +23.5% from 2012-2022. By contrast, Malaysia (-5.3%) illustrated a downward trend over the same period. China (+18 p.p.) and India (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while Japan, South Korea and Malaysia saw its share reduced by -2.3%, -9.3% and -11.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glaziers, grafting putty and painters' filling supplying countries in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), together accounting for 80% of total exports.

Among the main exporting countries, China, with a CAGR of +18.2%, 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, falling by -2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 when the export price increased by 8.7%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia-Pacific

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported in Asia-Pacific; falling by -4.5% compared with 2021 figures. Total imports indicated moderate growth 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 +11.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 17%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings totaled $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +27.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 25%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

China (X tons), Australia (X tons), India (X tons), Vietnam (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), South Korea (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Indonesia (X tons) and the Philippines (X tons) represented roughly 82% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported glaziers putty, grafting putty, other mastics and painters' fillings in Asia-Pacific, comprising 31% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Australia, with an 11% share.

In China, imports of glaziers putty, grafting putty, other mastics and painters' fillings expanded at an average annual rate of +4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+0.5% per year) and Australia (+8.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by 6.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 China ($X per ton), while the Philippines ($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

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