Guatemala: 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 Guatemala

For the sixth year in a row, the Guatemalan market for glaziers putty, grafting putty, other mastics and painters' fillings recorded growth in sales value, which increased by 3.1% to $X in 2022. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 24%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from Guatemala

Exports of glaziers putty, grafting putty, other mastics and painters' fillings from Guatemala amounted to X tons in 2022, almost unchanged from 2021 figures. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 93%. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Nicaragua (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Guatemala, with a combined 87% share of total exports. Panama, Costa Rica and the Dominican Republic lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +20.7%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Honduras ($X) and Nicaragua ($X) were the largest markets for glaziers, grafting putty and painters' filling exported from Guatemala worldwide, together comprising 83% of total exports. Panama, Costa Rica and the Dominican Republic lagged somewhat behind, together accounting for a further 17%.

The Dominican Republic, with a CAGR of +41.3%, 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, picking up by 46% against the previous year. Over the period under review, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 62% 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Nicaragua ($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 the Dominican Republic (+19.6%), 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 Guatemala

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Guatemala rose sharply to X tons, surging by 15% compared with 2021. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings rose sharply to $X in 2022. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Mexico (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Guatemala, together accounting for 64% of total imports. Colombia, El Salvador, Costa Rica and Belgium lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +53.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Guatemala, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Mexico, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+51.2% per year) and Mexico (+12.0% per year).

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, reducing by -1.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia ($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 States (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform