Hungary: 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 Hungary

The Hungarian market for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022, with an increase of 6.1% against the previous year. In general, consumption showed prominent growth. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022 estimated in export price. In general, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 68% against the previous year. Over the period under review, production of hit record highs 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 Hungary

In 2022, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -19.6% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 173%. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 100% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Bulgaria (X tons), Serbia (X tons) and Croatia (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Hungary, together comprising 55% of total exports. Montenegro, Romania, Bosnia and Herzegovina, Russia, the Czech Republic, Austria, Germany, Slovakia, the Netherlands and North Macedonia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +85.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Serbia ($X) and Croatia ($X) were the largest markets for glaziers, grafting putty and painters' filling exported from Hungary worldwide, with a combined 38% share of total exports.

Among the main countries of destination, Bulgaria, with a CAGR of +66.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, growing by 11% against the previous year. Over the period under review, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 43%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($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 Slovakia (+15.2%), 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 Hungary

Imports of glaziers putty, grafting putty, other mastics and painters' fillings into Hungary reached X tons in 2022, growing by 4.1% against the previous year's figure. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 44%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings totaled $X in 2022. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Poland (X tons) and Serbia (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Hungary, together comprising 57% of total imports. The Czech Republic, Slovenia, Belgium, Turkey, Italy and Greece lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +39.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Hungary, comprising 36% of total imports. The second position in the ranking was held by Poland ($X), with a 17% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+31.1% per year) and Belgium (+32.0% per year).

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, approximately reflecting the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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