Australia and Oceania: 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 Australia and Oceania

For the third year in a row, the market for glaziers putty, grafting putty, other mastics and painters' fillings in Australia and Oceania recorded growth in sales value, which increased by 20% to $X in 2022. In general, consumption continues to indicate a strong increase. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings contracted sharply to $X in 2022 estimated in export price. In general, production saw a deep setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 136%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in Australia and Oceania

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were exported in Australia and Oceania; picking up by 5.3% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 15%. As a result, the exports attained 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 stood at $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +73.4% against 2014 indices. The growth pace was the most rapid in 2021 when exports increased by 20%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Australia was the key exporter of glaziers putty, grafting putty, other mastics and painters' fillings in Australia and Oceania, with the volume of exports reaching X tons, which was near 77% of total exports in 2022. It was distantly followed by New Zealand (X tons), mixing up a 21% share of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to glaziers, grafting putty and painters' filling exports from Australia stood at -1.1%. At the same time, Fiji (+24.9%) and New Zealand (+8.4%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +24.9% from 2012-2022. New Zealand (+11 p.p.) and Fiji (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -13.4% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest glaziers, grafting putty and painters' filling supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+14.7% per year) and Fiji (+14.1% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of 5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 an increase of 20%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.8%), 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 Australia and Oceania

In 2022, overseas purchases of glaziers putty, grafting putty, other mastics and painters' fillings increased by 6.2% to X tons, rising for the third year in a row after two years of decline. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +19.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 24% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022. Overall, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the major importing country with an import of around X tons, which finished at 71% of total imports. New Zealand (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (6.7%). New Caledonia (X tons) and Papua New Guinea (X tons) held a relatively small share of total imports.

Imports into Australia increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Fiji (+21.9%), New Caledonia (+9.4%), Papua New Guinea (+8.9%) and New Zealand (+2.0%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +21.9% from 2012-2022. From 2012 to 2022, the share of Fiji increased by +5.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported glaziers putty, grafting putty, other mastics and painters' fillings in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports. It was followed by New Caledonia, with a 1.3% share.

In Australia, imports of glaziers putty, grafting putty, other mastics and painters' fillings expanded at an average annual rate of +8.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+5.4% per year) and New Caledonia (+7.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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