Croatia: 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 Croatia

For the third year in a row, the Croatian market for glaziers putty, grafting putty, other mastics and painters' fillings recorded growth in sales value, which increased by 11% to $X in 2022. In general, consumption recorded a resilient increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings expanded remarkably to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 45%. Over the period under review, production of hit record highs 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 Croatia

In 2022, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -7.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of 82%. Over the period under review, the exports of attained the peak figure 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 expanded markedly to $X in 2022. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 98% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons), Montenegro (X tons) and Slovenia (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Croatia, with a combined 84% share of total exports. Serbia and Romania lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +92.9%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Croatia, comprising 47% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 20% share of total exports. It was followed by Serbia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia amounted to +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+8.0% per year) and Serbia (+12.9% per year).

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, growing by 16% against the previous year. Over the period under review, the export price posted a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Montenegro ($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 Serbia (+21.6%), 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 Croatia

In 2022, supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings increased by 3.4% to X tons, rising for the seventh consecutive year after three years of decline. In general, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +122.2% against 2015 indices. The growth pace was the most rapid in 2016 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings totaled $X in 2022. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 36%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Slovenia (X tons) and Serbia (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Croatia, together accounting for 45% of total imports. Belgium, Austria, Poland, Germany, the Czech Republic, Turkey, Romania, Hungary, Estonia and the Netherlands lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +44.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Belgium ($X) constituted the largest glaziers, grafting putty and painters' filling suppliers to Croatia, together comprising 48% of total imports. Italy, Austria, the Czech Republic, Poland, the Netherlands, Turkey, Estonia, Serbia, Hungary and Romania lagged somewhat behind, together comprising a further 47%.

Romania, with a CAGR of +33.3%, saw the highest growth rate of the value of imports, among 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, picking up by 6.8% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.3% 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 +16.4% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 40%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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