China: 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 China

The Chinese market for glaziers putty, grafting putty, other mastics and painters' fillings declined slightly to $X in 2022, falling by -1.7% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 21% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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

Exports from China

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings increased by 39% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 43%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 37%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Vietnam (X tons), India (X tons) and the Philippines (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from China, together accounting for 21% of total exports. Russia, Kyrgyzstan, Thailand, Brazil, Indonesia, Malaysia, South Korea, Saudi Arabia, Israel and the United Arab Emirates lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +49.6%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and Thailand ($X) appeared to be the largest markets for glaziers, grafting putty and painters' filling exported from China worldwide, with a combined 23% share of total exports. The Philippines, South Korea, Russia, Malaysia, Brazil, Indonesia, Saudi Arabia, the United Arab Emirates, Israel and Kyrgyzstan lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, Russia, with a CAGR of +49.6%, recorded the highest growth rate of 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, reducing by -3% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 +16.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Kyrgyzstan ($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 India (+7.8%), 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 China

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported into China; waning by -11.7% on the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 17% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings dropped to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Japan (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to China, together comprising 51% of total imports. The United States, Italy, Thailand, Malaysia, Switzerland, the UK, Singapore, Belgium and France lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to China, comprising 36% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.8% per year) and Germany (+6.4% 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, rising by 6.5% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glaziers putty, grafting putty, other mastics and painters' fillings increased by +67.6% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 17%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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