Azerbaijan: 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 Azerbaijan

In 2022, the Azerbaijani market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -14% to $X, falling for the sixth year in a row after two years of growth. Overall, consumption continues to indicate a precipitous contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 121%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from Azerbaijan

For the seventh consecutive year, Azerbaijan recorded growth in overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings, which increased by 89% to X tons in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,986%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,590% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Azerbaijan, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to +151.5%.

In value terms, Georgia ($X) also remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia stood at +108.0%.

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, declining by -8.6% against the previous year. In general, the export price showed a dramatic decline. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to -17.3% per year.

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

Imports into Azerbaijan

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Azerbaijan totaled X tons, standing approx. at the year before. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Azerbaijan, with a 61% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by Iran (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at -16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+229.6% per year) and Iran (+21.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Azerbaijan, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 6.4% share of total imports. It was followed by Belgium, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+174.3% per year) and Belgium (+18.3% per year).

Import Prices by Country

In 2022, the average import price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, increasing by 29% against the previous year. In general, the import price posted significant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 75%. Over the period under review, average import prices reached the peak figure 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 ($X per ton), while the price for Iran ($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 (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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