Bahrain: 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 Bahrain

In 2022, after three years of decline, there was significant growth in the Bahraini market for glaziers putty, grafting putty, other mastics and painters' fillings, when its value increased by 49% to $X. Over the period under review, consumption continues to indicate buoyant growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

Exports from Bahrain

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were exported from Bahrain; surging by 2.3% against 2021. Over the period under review, exports continue to indicate a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 953%. Over the period under review, the exports of attained the peak figure 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 skyrocketed to $X in 2022. In general, exports showed a strong increase. The growth pace was the most rapid in 2017 with an increase of 1,097% 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 the immediate term.

Exports by Country

Iraq (X tons), Kuwait (X tons) and Saudi Arabia (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Bahrain, together comprising 59% of total exports. Jordan, the United Arab Emirates, Djibouti, Tunisia, Kenya and India lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +93.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Kuwait ($X) and Djibouti ($X) appeared to be the largest markets for glaziers, grafting putty and painters' filling exported from Bahrain worldwide, with a combined 46% share of total exports. Tunisia, Iraq, the United Arab Emirates, Jordan, Kenya and India lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, Tunisia, with a CAGR of +129.7%, 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, growing by 19% against the previous year. Over the period under review, the export price posted a strong increase. The pace of growth appeared the most rapid in 2015 an increase of 217% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Jordan ($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 Tunisia (+34.1%), 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 Bahrain

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Bahrain surged to X tons, growing by 33% compared with 2021. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 69%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022. Over the period under review, imports recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 31%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Bahrain, with a 80% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from India exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+62.9% per year) and Saudi Arabia (+5.3% per year).

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Bahrain were Germany ($X), India ($X) and the United Arab Emirates ($X), together comprising 63% of total imports. France and Saudi Arabia lagged somewhat behind, together accounting for a further 11%.

France, with a CAGR of +41.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, reducing by -4.7% against the previous year. Over the period under review, the import price showed a deep slump. The growth pace was the most rapid in 2018 an increase of 8% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform