Belarus: 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 Belarus

In 2022, the Belarusian market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -32.6% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption continues to indicate a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

Exports from Belarus

In 2022, exports of glaziers putty, grafting putty, other mastics and painters' fillings from Belarus shrank to X tons, which is down by -7.8% compared with the year before. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 85%. Over the period under review, the exports of reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings dropped dramatically to $X in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 109% against the previous year. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Russia (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Belarus, with a 77% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+185.2% per year) and Kazakhstan (+1.2% per year).

In value terms, Russia ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Belarus, comprising 78% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+167.3% per year) and Kazakhstan (-1.7% per year).

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, with a decrease of -14.4% against the previous year. Over the period under review, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($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 Russia (-2.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Belarus

Imports of glaziers putty, grafting putty, other mastics and painters' fillings into Belarus contracted dramatically to X tons in 2022, with a decrease of -21.8% against 2021. In general, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.5% 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 +50.5% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 77%. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings shrank dramatically to $X in 2022. Overall, imports, however, saw a mild expansion. The growth pace was the most rapid in 2021 with an increase of 104% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Poland (X tons), Russia (X tons) and Latvia (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Belarus, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +12.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Germany ($X) were the largest glaziers, grafting putty and painters' filling suppliers to Belarus, with a combined 75% share of total imports. Belgium, Latvia and Estonia lagged somewhat behind, together accounting for a further 16%.

Belgium, with a CAGR of +12.1%, recorded 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, which is down by -4.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 15%. As a result, import price attained the peak level of $X per ton, and then fell 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 Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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