Eastern Europe: 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 Eastern Europe

The East European market for glaziers putty, grafting putty, other mastics and painters' fillings expanded slightly to $X in 2022, with an increase of 4.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% 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 the production volume increased by 35% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the near future.

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

Exports in Eastern Europe

In 2022, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -10.6% to X tons for the first time since 2015, thus ending a six-year rising trend. The total export volume increased at an average annual rate of +2.2% 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 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings contracted to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Poland represented the largest exporting country with an export of about X tons, which amounted to 41% of total exports. It was distantly followed by Estonia (X tons), the Czech Republic (X tons), Russia (X tons), Latvia (X tons) and Romania (X tons), together generating a 50% share of total exports. Belarus (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glaziers, grafting putty and painters' filling exports from Poland stood at +1.3%. At the same time, Romania (+27.4%), Belarus (+16.4%), Russia (+13.3%), Latvia (+3.4%) and the Czech Republic (+3.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +27.4% from 2012-2022. By contrast, Estonia (-3.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Romania and Belarus increased by +7, +5.2 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest glaziers, grafting putty and painters' filling supplier in Eastern Europe, comprising 42% of total exports. The second position in the ranking was held by Estonia ($X), with a 20% share of total exports. It was followed by the Czech Republic, with a 13% share.

In Poland, exports of glaziers putty, grafting putty, other mastics and painters' fillings increased at an average annual rate of +2.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Estonia (-0.2% per year) and the Czech Republic (+6.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of 4.4% against the previous year. Over the period under review, the export price recorded modest growth. The most prominent rate of growth was recorded in 2021 an increase of 18%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Estonia ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+3.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported in Eastern Europe dropped to X tons, which is down by -8.5% on the previous year's figure. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings contracted slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, Russia (X tons), distantly followed by Poland (X tons), Ukraine (X tons), Bulgaria (X tons), the Czech Republic (X tons), Romania (X tons), Belarus (X tons), Lithuania (X tons) and Hungary (X tons) were the major importers of glaziers putty, grafting putty, other mastics and painters' fillings, together committing 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 59% share of total imports. Romania, Hungary, Ukraine, Lithuania, Bulgaria and Belarus lagged somewhat behind, together comprising a further 31%.

Hungary, with a CAGR of +12.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2014 when the import price increased by 15%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($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 Czech Republic (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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