Dominican Republic: 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 the Dominican Republic

For the fourth consecutive year, the Dominican market for glaziers putty, grafting putty, other mastics and painters' fillings recorded growth in sales value, which increased by 9.8% to $X in 2022. Overall, consumption enjoyed tangible growth. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in the Dominican Republic

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 148% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from the Dominican Republic

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings exported from the Dominican Republic skyrocketed to X tons, growing by 133% against the previous year's figure. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 498%. The exports peaked in 2022 and are likely to see steady growth in the near future.

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 saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 712% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Costa Rica (X tons), Jamaica (X tons) and Venezuela (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from the Dominican Republic, together comprising 51% of total exports. Haiti, Barbados, the United States, Turks and Caicos Islands and Panama lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +164.9%), while the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), the United States ($X) and Haiti ($X) were the largest markets for glaziers, grafting putty and painters' filling exported from the Dominican Republic worldwide, together accounting for 64% of total exports. Venezuela, Barbados, Jamaica, Turks and Caicos Islands and Panama lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Panama, with a CAGR of +150.2%, recorded the highest rates of growth with regard to 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 an increase of 61% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the average price for exports to Panama ($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 Saint Lucia (+26.8%), 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 the Dominican Republic

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported into the Dominican Republic; picking up by 6% on the year before. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Colombia (X tons) and China (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to the Dominican Republic, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +87.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to the Dominican Republic, comprising 68% of total imports. The second position in the ranking was taken by Colombia ($X), with a 13% share of total imports. It was followed by Turkey, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+50.1% per year) and Turkey (+62.1% 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, growing by 30% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :