Cameroon: 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 Cameroon

The Cameroonian market for glaziers putty, grafting putty, other mastics and painters' fillings shrank significantly to $X in 2022, declining by -19.2% 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). In general, consumption, however, showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

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

Exports from Cameroon

In 2022, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings increased by 9.4% to X tons for the first time since 2012, thus ending a nine-year declining trend. Over the period under review, exports, however, faced a sharp descent. The exports peaked 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 rose markedly to $X in 2022. In general, exports, however, recorded a sharp decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Congo (X kg) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Cameroon, accounting for a 53% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Congo exceeded the volume sent to the second major destination, Chad (X kg), twofold. Central African Republic (X kg) ranked third in terms of total exports with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Congo stood at -33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (-20.2% per year) and Central African Republic (-12.6% per year).

In value terms, Congo ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Cameroon, comprising 55% of total exports. The second position in the ranking was taken by Equatorial Guinea ($X), with a 14% share of total exports. It was followed by Democratic Republic of the Congo, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Congo amounted to -28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Equatorial Guinea (-47.2% per year) and Democratic Republic of the Congo (-18.5% 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, remaining relatively unchanged against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glaziers putty, grafting putty, other mastics and painters' fillings increased by +76.5% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 29%. The export price peaked at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Chad ($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 Equatorial Guinea (+15.4%), 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 Cameroon

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings into Cameroon declined to X tons, waning by -15% compared with 2021. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 146% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings contracted markedly to $X in 2022. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 101%. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of glaziers, grafting putty and painters' filling to Cameroon, accounting for a 54% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The UK (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.3% per year) and the UK (+16.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Cameroon, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by the UK, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.6% per year) and the UK (+8.1% per year).

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 -6.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform