Egypt: 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 Egypt

In 2022, the Egyptian market for glaziers putty, grafting putty, other mastics and painters' fillings was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production of attained the maximum level in 2022 and is likely to see gradual growth in years to come.

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

Exports from Egypt

In 2022, exports of glaziers putty, grafting putty, other mastics and painters' fillings from Egypt skyrocketed to X tons, growing by 217% compared with the previous year. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 277%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons), Libya (X tons) and Sudan (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Egypt, together comprising 44% of total exports. Kenya, Oman, Tanzania, Madagascar, Ethiopia, Nigeria, Rwanda, Kuwait, Jordan and Lebanon lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Madagascar (with a CAGR of +506.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Libya ($X) and Kenya ($X) appeared to be the largest markets for glaziers, grafting putty and painters' filling exported from Egypt worldwide, together comprising 51% of total exports. Tanzania, Madagascar, Nigeria, Sudan, Rwanda, Kuwait, Jordan, Ethiopia, Oman and Lebanon lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Madagascar, with a CAGR of +495.9%, 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

In 2022, the average export price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, rising by 14% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 125%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Oman ($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 Jordan (+84.7%), 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 Egypt

In 2022, overseas purchases of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -18.4% to X tons, falling for the third year in a row after two years of growth. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -45.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 76%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings dropped modestly to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 46%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of glaziers, grafting putty and painters' filling to Egypt, with a 32% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by China (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.0% per year) and China (+2.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Egypt, comprising 32% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+19.4% per year) and China (+13.6% 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, rising by 19% against the previous year. In general, the import price saw a perceptible increase. The pace of growth was the most pronounced in 2020 an increase of 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the price for Malaysia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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