Denmark: 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 Denmark

After three years of growth, the Danish market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -47.9% to $X in 2022. Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then plummeted in the following year.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings fell rapidly to $X in 2022 estimated in export price. In general, production, however, enjoyed pronounced growth. The growth pace was the most rapid in 2021 when the production volume increased by 131%. As a result, production reached the peak level of $X, and then reduced sharply in the following year.

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

Exports from Denmark

In 2022, after two years of growth, there was decline in overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings, when their volume decreased by -1.1% to X tons. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 15% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings shrank slightly to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Sweden (X tons) and Poland (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Denmark, with a combined 88% share of total exports. Faroe Islands, Finland and Iceland lagged somewhat behind, together accounting for a further 6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Poland ($X) appeared to be the largest markets for glaziers, grafting putty and painters' filling exported from Denmark worldwide, together comprising 72% of total exports. Finland, Iceland and Faroe Islands lagged somewhat behind, together comprising a further 9.9%.

In terms of the main countries of destination, Iceland, with a CAGR of +14.8%, saw 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

The average export price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, with a decrease of -2.2% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 7.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Poland ($X per ton), while the average price for exports to Norway ($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 Iceland (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Denmark

In 2022, purchases abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -4.1% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 18% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings fell sharply to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of glaziers, grafting putty and painters' filling to Denmark, accounting for a 60% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. France (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and France (+13.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Denmark, comprising 34% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Belgium, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and Belgium (+8.5% 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, dropping by -15.8% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The growth pace was the most rapid in 2021 when the average import price increased by 20%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Sweden ($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 Netherlands (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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