Bangladesh: 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 Bangladesh

The Bangladeshi market for glaziers putty, grafting putty, other mastics and painters' fillings shrank remarkably to $X in 2022, falling by -24.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a resilient increase. Consumption of peaked at $X in 2021, and then reduced dramatically in the following year.

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

Exports from Bangladesh

After three years of growth, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -40.7% to X kg in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 1,364%. The exports peaked 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 contracted rapidly to $X in 2022. Overall, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 1,936% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Switzerland (X kg) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Bangladesh, with a 98% share of total exports. It was followed by Montenegro (X kg), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Switzerland was relatively modest.

In value terms, Switzerland ($X) emerged as the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Bangladesh, comprising 97% of total exports. The second position in the ranking was held by Montenegro ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Switzerland was relatively modest.

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, which is down by -3.7% against the previous year. Overall, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2014 when the average export price increased by 165% against the previous year. The export price peaked at $X per ton in 2021, and then shrank slightly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Switzerland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+19.0%).

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

Imports into Bangladesh

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported into Bangladesh; with a decrease of -20.9% against 2021. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 110%. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted notably in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings contracted significantly to $X in 2022. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2016 when imports increased by 201%. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Malaysia (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Bangladesh, together accounting for 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +44.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Thailand ($X) were the largest glaziers, grafting putty and painters' filling suppliers to Bangladesh, with a combined 67% share of total imports. India, Singapore, Saudi Arabia, Indonesia and the UK lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +36.4%, recorded the highest growth rate of the value of imports, 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 -5.7% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +81.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 43%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

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 Singapore ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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