Estonia: 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 Estonia

In 2022, the Estonian market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -3.1% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings rose significantly to $X in 2022 estimated in export price. Overall, production showed a deep slump. The pace of growth was the most pronounced in 2017 when the production volume increased by 75% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from Estonia

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 -19.2% to X tons. Overall, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings contracted to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Lithuania (X tons) and Poland (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Estonia, with a combined 37% share of total exports. Russia, Latvia, France, Spain, Romania, Germany, Ukraine, Belgium, Finland and Italy lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +124.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Estonia, comprising 29% of total exports. The second position in the ranking was held by Russia ($X), with a 7.3% share of total exports. It was followed by Lithuania, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +84.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-21.7% per year) and Lithuania (+14.8% per year).

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, picking up by 9% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 an increase of 28%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Latvia ($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 Ukraine (+4.1%), 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 Estonia

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings into Estonia contracted modestly to X tons, dropping by -2.6% against 2021 figures. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 30% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings fell slightly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Latvia (X tons) and Lithuania (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Estonia, together comprising 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +79.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Poland ($X) were the largest glaziers, grafting putty and painters' filling suppliers to Estonia, with a combined 52% share of total imports. Lithuania, Sweden, Finland, Latvia, the United States and the Netherlands lagged somewhat behind, together accounting for a further 30%.

Lithuania, with a CAGR of +69.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, standing approx. at the previous year. In general, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Sweden ($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 United States (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform