GCC: 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 GCC

The GCC market for glaziers putty, grafting putty, other mastics and painters' fillings expanded markedly to $X in 2022, increasing by 11% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 189%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in GCC

After two years of growth, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -28.8% to X tons in 2022. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings declined to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 50%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United Arab Emirates was the major exporting country with an export of about X tons, which resulted at 61% of total exports. It was distantly followed by Saudi Arabia (X tons) and Bahrain (X tons), together comprising a 36% share of total exports. Oman (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the glaziers putty, grafting putty, other mastics and painters' fillings exports, with a CAGR of +9.5% from 2012 to 2022. At the same time, Saudi Arabia (+2.9%) and Bahrain (+1.5%) displayed positive paces of growth. By contrast, Oman (-7.9%) illustrated a downward trend over the same period. The United Arab Emirates (+18 p.p.) significantly strengthened its position in terms of the total exports, while Bahrain, Oman and Saudi Arabia saw its share reduced by -4.7%, -4.8% and -8.6% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest glaziers, grafting putty and painters' filling supplier in GCC, comprising 74% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +12.7%. In the other countries, the average annual rates were as follows: Bahrain (+8.4% per year) and Saudi Arabia (-0.6% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2014 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+6.8%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in GCC

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported in GCC shrank modestly to X tons, remaining stable against the previous year's figure. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +25.6% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 19%. The volume of import peaked 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 declined modestly to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +62.6% against 2012 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 29%. The level of import peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly 61% of total imports in 2022. Kuwait (X tons) ranks next in terms of the total imports with a 17% share, followed by Bahrain (11%), Oman (6.4%) and Qatar (4.8%).

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined 86% share of total imports.

Among the main importing countries, Kuwait, with a CAGR of +12.7%, 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

The import price in GCC stood at $X per ton in 2022, with a decrease of -4.4% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2019 when the import price increased by 7.7% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform