Chile: 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 Chile

In 2022, the Chilean market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -35.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a perceptible decline. Over the period under review, the market hit record highs 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 Chile

In 2022, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings increased by 0.4% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 232%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 85% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Chile, with a 61% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Ecuador exceeded the volume sent to the second major destination, Peru (X tons), threefold. The third position in this ranking was taken by Panama (X tons), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador totaled +66.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+24.1% per year) and Panama (+63.2% per year).

In value terms, Peru ($X), Argentina ($X) and Bolivia ($X) appeared to be the largest markets for glaziers, grafting putty and painters' filling exported from Chile worldwide, together accounting for 75% of total exports. Ecuador, Uruguay and Panama lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Ecuador, with a CAGR of +41.8%, saw the highest rates of growth with regard to the value of exports, 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 26% against the previous year. Overall, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Panama ($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 Cuba (+14.0%), 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 Chile

After two years of growth, supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -24.3% to X tons in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings shrank to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +35.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The United States (X tons), Turkey (X tons) and China (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Chile, with a combined 53% share of total imports. Belgium, Switzerland, Germany, Brazil, Argentina, Spain, France, Italy, the Netherlands and Canada lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Chile, comprising 34% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Turkey, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.9% per year) and Turkey (+23.6% per year).

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, surging by 15% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 21%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Argentina ($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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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