Ethiopia: 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 Ethiopia

The Ethiopian market for glaziers putty, grafting putty, other mastics and painters' fillings reduced to $X in 2022, declining by -11.3% 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). Overall, consumption, however, saw strong growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

Exports from Ethiopia

In 2022, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings was finally on the rise to reach X kg after two years of decline. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,413%. Over the period under review, the exports of hit record highs at X kg in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 610%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X kg) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Ethiopia, with a 100% share of total exports. It was followed by Turkey (X kg), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to New Zealand was relatively modest.

In value terms, New Zealand ($X) emerged as the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Ethiopia, comprising 99.9% of total exports. The second position in the ranking was held by Turkey ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Zealand was relatively modest.

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, reducing by -8.2% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 279%. The export price peaked at $X per ton in 2017; however, from 2018 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 New Zealand ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Djibouti (+68.4%), 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 Ethiopia

Imports of glaziers putty, grafting putty, other mastics and painters' fillings into Ethiopia declined to X tons in 2022, waning by -5.1% on 2021 figures. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 193%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings dropped to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 204% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Ethiopia, with a 36% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Egypt exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt amounted to +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+62.8% per year) and the United Arab Emirates (+29.7% per year).

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Ethiopia were Egypt ($X), the United Arab Emirates ($X) and Belgium ($X), together accounting for 49% of total imports. Germany, Tunisia, Saudi Arabia, Italy, China, Turkey and India lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Tunisia, with a CAGR of +53.6%, saw 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

The average import price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, waning by -10.1% against the previous year. In general, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 31%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Belgium ($X per ton), while the price for Saudi Arabia ($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 Arab Emirates (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform