Colombia: 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 Colombia

The Colombian market for glaziers putty, grafting putty, other mastics and painters' fillings expanded markedly to $X in 2022, with an increase of 5.3% against the previous year. In general, consumption, however, continues to indicate a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings reached $X in 2022 estimated in export price. In general, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 7.7%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Colombia

Exports of glaziers putty, grafting putty, other mastics and painters' fillings from Colombia contracted significantly to X tons in 2022, with a decrease of -27.6% on the previous year. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 275% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings dropped notably to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

The Dominican Republic (X tons), Panama (X tons) and Uruguay (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Colombia, with a combined 63% share of total exports. Costa Rica, Ecuador, Guyana, Trinidad and Tobago and Venezuela lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of +88.1%), while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Ecuador ($X) and Costa Rica ($X) were the largest markets for glaziers, grafting putty and painters' filling exported from Colombia worldwide, with a combined 47% share of total exports. Panama, Uruguay, Guyana, Venezuela and Trinidad and Tobago lagged somewhat behind, together comprising a further 23%.

Guyana, with a CAGR of +59.7%, recorded the highest growth rate of 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, rising by 2.7% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 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 Venezuela ($X per ton), while the average price for exports to Uruguay ($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 Uruguay (+5.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Colombia

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings into Colombia contracted to X tons, falling by -13.2% against 2021. Over the period under review, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 266% against the previous year. As a result, imports reached the peak of X tons. From 2015 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 fell to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +19.8% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 53%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

The United States (X tons), Switzerland (X tons) and Germany (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Colombia, together comprising 59% of total imports. Belgium, Italy, China, Spain, Turkey, France, Brazil, Mexico, the UK and the Netherlands lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +79.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Switzerland ($X) constituted the largest glaziers, grafting putty and painters' filling suppliers to Colombia, together comprising 64% of total imports. Belgium, Italy, China, France, Turkey, Spain, the UK, Brazil, the Netherlands and Mexico lagged somewhat behind, together comprising a further 33%.

The UK, with a CAGR of +69.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, almost unchanged from the previous year. In general, the import price, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 an increase of 51%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Mexico ($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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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