Ecuador: 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 Ecuador

The Ecuadorian market for glaziers putty, grafting putty, other mastics and painters' fillings declined slightly to $X in 2022, shrinking by -4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value 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, consumption decreased by -26.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings, when their volume decreased by -29% to X tons. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 684% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings fell notably to $X in 2022. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2020 with an increase of 443%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then fell sharply in the following year.

Exports by Country

Peru (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Ecuador, accounting for a 90% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Peru exceeded the volume sent to the second major destination, Colombia (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Peru stood at +11.2%.

In value terms, Peru ($X) emerged as the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Ecuador, comprising 86% of total exports. The second position in the ranking was taken by Colombia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru stood at +12.0%.

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, which is down by -13.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 83% against the previous year. 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 remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+11.7%), 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 Ecuador

In 2022, purchases abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -5.1% to X tons, falling for the third year in a row after eight years of growth. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2015 when imports increased by 69% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings fell modestly to $X in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +4.1% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 68% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Ecuador, accounting for a 54% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Chile exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+19.7% per year) and Colombia (-3.0% per year).

In value terms, the United States ($X), Chile ($X) and Germany ($X) were the largest glaziers, grafting putty and painters' filling suppliers to Ecuador, with a combined 48% share of total imports. Switzerland, China, Colombia and Mexico lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, China, with a CAGR of +49.8%, recorded the highest rates of growth with regard to the value of imports, 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, leveling off at the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of 32%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained 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 the United States ($X per ton), while the price for Chile ($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 United States (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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