Benelux: 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 Benelux

In 2022, the Benelux market for glaziers putty, grafting putty, other mastics and painters' fillings was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 21% against the previous year. Over the period under review, production of attained the maximum level at $X in 2021, and then shrank in the following year.

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

Exports in Benelux

In 2022, after three years of growth, there was significant decline in shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings, when their volume decreased by -24.4% to X tons. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 26%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings contracted sharply to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 31%. The level of export peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

Belgium was the major exporter of glaziers putty, grafting putty, other mastics and painters' fillings in Benelux, with the volume of exports reaching X tons, which was near 67% of total exports in 2022. It was distantly followed by the Netherlands (X tons), constituting a 33% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of glaziers putty, grafting putty, other mastics and painters' fillings. At the same time, the Netherlands (+1.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +1.8% from 2012-2022. From 2012 to 2022, the share of the Netherlands increased by +5.1 percentage points.

In value terms, the largest glaziers, grafting putty and painters' filling supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +5.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, with an increase of 6.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%).

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

Imports in Benelux

In 2022, after two years of growth, there was significant decline in overseas purchases of glaziers putty, grafting putty, other mastics and painters' fillings, when their volume decreased by -17.8% to X tons. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 29%. Over the period under review, imports of attained the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings fell rapidly to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +56.8% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

Belgium represented the key importer of glaziers putty, grafting putty, other mastics and painters' fillings in Benelux, with the volume of imports finishing at X tons, which was near 60% of total imports in 2022. It was distantly followed by the Netherlands (X tons), committing a 36% share of total imports. Luxembourg (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +7.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Luxembourg, with a CAGR of +4.8%, recorded the highest rates of growth with regard to 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

The import price in Benelux stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 16% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+6.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform