Bulgaria: 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 Bulgaria

The Bulgarian market for glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022, rising by 17% against the previous year. Over the period under review, consumption showed a prominent increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022 estimated in export price. Overall, production recorded prominent growth. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports from Bulgaria

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -25.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 152%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings expanded slightly to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 78% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Bulgaria, with a 43% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Greece exceeded the volume sent to the second major destination, Cyprus (X tons), threefold. Romania (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+82.7% per year) and Romania (-11.3% per year).

In value terms, the largest markets for glaziers, grafting putty and painters' filling exported from Bulgaria were Romania ($X), Greece ($X) and Turkey ($X), together comprising 68% of total exports. Albania, Serbia, North Macedonia, Cyprus, Germany and Poland lagged somewhat behind, together accounting for a further 22%.

Cyprus, with a CAGR of +83.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, picking up by 38% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Cyprus ($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 Romania (+28.6%), 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 Bulgaria

For the eleventh consecutive year, Bulgaria recorded growth in supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings, which increased by 17% to X tons in 2022. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 35% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Greece (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Bulgaria, accounting for a 59% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Greece exceeded the figures recorded by the second-largest supplier, Serbia (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Greece amounted to +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+49.8% per year) and Germany (+2.1% per year).

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Bulgaria were Greece ($X), Germany ($X) and Belgium ($X), with a combined 43% share of total imports. Slovenia, Italy, Poland, Turkey, Hungary, Estonia, Austria, Serbia, the Netherlands and Romania lagged somewhat behind, together accounting for a further 49%.

In terms of the main suppliers, Serbia, with a CAGR of +47.4%, 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, dropping by -4.1% against the previous year. Overall, the import price showed a deep setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 7.9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Greece ($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 (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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