EU: 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 the EU

The EU market for glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022, picking up by 23% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, production of hit record highs in 2022 and is expected to retain growth in the immediate term.

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

Exports in the EU

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -6.2% to X tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 8.5% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings declined to $X in 2022. The total export value increased at an average annual rate of +3.4% from 2012 to 2022; 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 22% against the previous year. As a result, the exports attained the peak of $X, and then fell modestly in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), France (X tons), Poland (X tons), Italy (X tons), Sweden (X tons), the Netherlands (X tons) and Spain (X tons) were the major exporters of glaziers putty, grafting putty, other mastics and painters' fillings, together comprising 83% of total exports.

From 2012 to 2022, average annual rates of growth with regard to glaziers, grafting putty and painters' filling exports from Germany stood at +1.9%. At the same time, Spain (+7.0%), France (+6.6%), Italy (+5.8%), Sweden (+2.1%), the Netherlands (+1.8%) and Poland (+1.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +7.0% from 2012-2022. Belgium experienced a relatively flat trend pattern. France (+4.3 p.p.), Italy (+2.4 p.p.) and Spain (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest glaziers, grafting putty and painters' filling supplier in the European Union, comprising 40% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by the Netherlands, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +3.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+1.4% per year) and the Netherlands (+5.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 when the export price increased by 12% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Sweden ($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 Netherlands (+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 the EU

Imports of glaziers putty, grafting putty, other mastics and painters' fillings reduced slightly to X tons in 2022, waning by -2.5% against 2021 figures. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then declined slightly in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings totaled $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +27.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Italy (X tons), Poland (X tons), Belgium (X tons), Spain (X tons) and Sweden (X tons) represented the major importers of glaziers putty, grafting putty, other mastics and painters' fillings, together generating 60% of total imports. Denmark (X tons), the Netherlands (X tons), Bulgaria (X tons), Austria (X tons), the Czech Republic (X tons) and Romania (X tons) took a relatively small share of total imports.

Imports into Germany increased at an average annual rate of +1.4% from 2012 to 2022. At the same time, Bulgaria (+19.4%), Spain (+7.9%), Belgium (+7.2%), Austria (+5.3%), Italy (+4.8%), Romania (+4.7%), France (+4.4%), Denmark (+4.2%), Poland (+3.0%), Sweden (+2.0%) and the Netherlands (+1.3%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in the European Union, with a CAGR of +19.4% from 2012-2022. By contrast, the Czech Republic (-3.4%) illustrated a downward trend over the same period. Bulgaria (+2.5 p.p.), Belgium (+1.8 p.p.) and Spain (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic and Germany saw its share reduced by -3.3% and -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 42% share of total imports. Poland, Spain, Belgium, the Netherlands, the Czech Republic, Austria, Sweden, Romania, Denmark and Bulgaria lagged somewhat behind, together accounting for a further 43%.

In terms of the main importing countries, Bulgaria, with a CAGR of +11.1%, recorded the highest growth rate of 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 import price in the European Union amounted to $X per ton, increasing by 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 an increase of 11%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Bulgaria ($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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