Finland: 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 Finland

The Finnish market for glaziers putty, grafting putty, other mastics and painters' fillings reduced sharply to $X in 2022, shrinking by -42.3% against the previous year. In general, consumption recorded a deep setback. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings fell significantly to $X in 2022 estimated in export price. Over the period under review, production showed a sharp reduction. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports from Finland

After two years of growth, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -20.7% to X tons in 2022. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 4% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings dropped to $X in 2022. Overall, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 22%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Russia (X tons) and Estonia (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Finland, together accounting for 76% of total exports. Ukraine, Lithuania, Latvia and Poland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +42.0%), while the other leaders experienced a decline.

In value terms, the largest markets for glaziers, grafting putty and painters' filling exported from Finland were Estonia ($X), Sweden ($X) and Russia ($X), together comprising 59% of total exports. Lithuania, Latvia, Ukraine and Poland lagged somewhat behind, together comprising a further 21%.

Poland, with a CAGR of +36.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, surging by 17% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 75% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Ukraine ($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 Lithuania (+18.1%), 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 Finland

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Finland reduced to X tons, waning by -5.4% against the year before. Overall, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +23.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings rose to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +8.5% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 23%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Finland, together comprising 69% of total imports. Switzerland, the Netherlands, Poland, the UK, Estonia, Denmark and Norway lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Finland were Germany ($X), Belgium ($X) and Switzerland ($X), with a combined 63% share of total imports. Sweden, Poland, the Netherlands, the UK, Denmark, Estonia and Norway lagged somewhat behind, together comprising a further 27%.

The UK, with a CAGR of +14.4%, recorded the highest growth rate of 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, surging by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2019 when the average import price increased by 45%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($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 UK (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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