Ghana: 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 Ghana

The Ghanian market for glaziers putty, grafting putty, other mastics and painters' fillings reduced dramatically to $X in 2022, dropping by -17% 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). In general, consumption, however, enjoyed a pronounced expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank remarkably in the following year.

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

Exports from Ghana

Exports of glaziers putty, grafting putty, other mastics and painters' fillings from Ghana dropped remarkably to X tons in 2022, which is down by -25.8% on the previous year. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 388%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings fell rapidly to $X in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 294% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Benin (X tons), Togo (X tons) and Senegal (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Ghana, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +50.1%), while the other leaders experienced more modest paces of growth.

In value terms, Benin ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Ghana, comprising 59% of total exports. The second position in the ranking was taken by Senegal ($X), with a 28% share of total exports. It was followed by Cote d'Ivoire, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Benin amounted to +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+59.7% per year) and Cote d'Ivoire (+56.5% per year).

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, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a slight decrease. The growth pace was the most rapid in 2018 when the average export price increased by 5.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Nigeria ($X per ton), while the average price for exports to Togo ($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 Cabo Verde (+110.2%), 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 Ghana

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Ghana fell rapidly to X tons, with a decrease of -15.3% against the year before. In general, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 52% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings shrank dramatically to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

The UK (X tons), China (X tons) and Brazil (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Ghana, together accounting for 56% of total imports. The United Arab Emirates, Australia, Turkey, Germany, Spain, India, Malaysia, Saudi Arabia, Hong Kong SAR and Cote d'Ivoire lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Ghana were China ($X), the UK ($X) and Germany ($X), together accounting for 58% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +41.9%, saw 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 average import price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, reducing by -4.8% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glaziers putty, grafting putty, other mastics and painters' fillings increased by +54.1% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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