Australia: 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

For the third year in a row, the Australian market for glaziers putty, grafting putty, other mastics and painters' fillings recorded growth in sales value, which increased by 30% to $X in 2022. In general, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Australia

In 2022, after two years of growth, there was decline in overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings, when their volume decreased by -3% to X tons. In general, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2015 when exports increased by 18%. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings reached $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

New Zealand (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Australia, with a 27% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), twofold. The third position in this ranking was taken by Ghana (X tons), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+7.6% per year) and Ghana (+148.2% per year).

In value terms, New Zealand ($X), Papua New Guinea ($X) and China ($X) constituted the largest markets for glaziers, grafting putty and painters' filling exported from Australia worldwide, together comprising 40% of total exports. Indonesia, Hong Kong SAR, Ghana, Singapore, Malaysia, the Philippines, Greece, Botswana, India and Thailand lagged somewhat behind, together comprising a further 44%.

Among the main countries of destination, Ghana, with a CAGR of +111.6%, recorded 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 average export price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, rising by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to New Zealand ($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 Botswana (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

In 2022, overseas purchases of glaziers putty, grafting putty, other mastics and painters' fillings increased by 11% to X tons, rising for the third consecutive year after two years of decline. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +29.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 34% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

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

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Australia, with a combined 39% share of total imports. Malaysia, the United States, Belgium, Germany, Thailand, Italy, France, the UK and New Zealand lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Australia were Japan ($X), South Korea ($X) and Germany ($X), with a combined 43% share of total imports. The United States, China, Belgium, Thailand, Italy, Malaysia, the UK, France and New Zealand lagged somewhat behind, together accounting for a further 50%.

Italy, with a CAGR of +17.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, growing by 18% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 +77.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 24%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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