CIS: 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 CIS

The CIS market for glaziers putty, grafting putty, other mastics and painters' fillings fell slightly to $X in 2022, shrinking by -1.6% against the previous year. In general, consumption recorded a slight decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings expanded rapidly to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +14.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 162% against the previous year. Over the period under review, production of attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

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

Exports in CIS

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were exported in the CIS; picking up by 73% on the previous year's figure. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 77% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings expanded significantly to $X in 2022. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Azerbaijan represented the main exporting country with an export of about X tons, which reached 45% of total exports. Uzbekistan (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (18%) and Russia (13%). Belarus (X tons) followed a long way behind the leaders.

Azerbaijan was also the fastest-growing in terms of the glaziers putty, grafting putty, other mastics and painters' fillings exports, with a CAGR of +173.8% from 2012 to 2022. At the same time, Uzbekistan (+34.5%), Kazakhstan (+25.3%), Belarus (+16.4%) and Russia (+13.3%) displayed positive paces of growth. While the share of Azerbaijan (+45 p.p.) and Uzbekistan (+18 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-9.6 p.p.), Belarus (-9.8 p.p.) and Russia (-42.6 p.p.) displayed negative dynamics.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, with a combined 89% share of total exports. Uzbekistan and Azerbaijan lagged somewhat behind, together comprising a further 7.1%.

Azerbaijan, with a CAGR of +96.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, which is down by -34.2% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2021 when the export price increased by 6%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.2%), while the other leaders experienced a decline in the export price figures.

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

Imports in CIS

In 2022, purchases abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -5.2% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 14%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings reduced to $X in 2022. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the main importer of glaziers putty, grafting putty, other mastics and painters' fillings in the CIS, with the volume of imports reaching X tons, which was approx. 50% of total imports in 2022. Kazakhstan (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (11%), Kyrgyzstan (9.8%) and Uzbekistan (6.3%). The following importers - Tajikistan (X tons) and Moldova (X tons) - each reached a 6.7% share of total imports.

Imports into Russia decreased at an average annual rate of -11.2% from 2012 to 2022. At the same time, Uzbekistan (+22.1%), Tajikistan (+13.9%), Kazakhstan (+6.9%) and Belarus (+1.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +22.1% from 2012-2022. Moldova and Kyrgyzstan experienced a relatively flat trend pattern. Kazakhstan (+9.5 p.p.), Belarus (+6.3 p.p.), Uzbekistan (+6.3 p.p.), Kyrgyzstan (+5.1 p.p.), Tajikistan (+3 p.p.) and Moldova (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -30.9% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported glaziers putty, grafting putty, other mastics and painters' fillings in the CIS, comprising 60% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 17% share of total imports. It was followed by Belarus, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at -5.9%. In the other countries, the average annual rates were as follows: Kazakhstan (+8.4% per year) and Belarus (+1.3% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2014 when the import price increased by 24%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :