India: 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 India

The Indian market for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022, surging by 2.1% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Consumption of peaked in 2022 and is likely to see steady growth in the near future.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from India

Exports of glaziers putty, grafting putty, other mastics and painters' fillings from India reduced to X tons in 2022, declining by -10.7% against the previous year's figure. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 97%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings contracted to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 38%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons), Nepal (X tons) and Yemen (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from India, together comprising 71% of total exports. Nigeria, Tanzania, Bhutan, Liberia, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of +90.8%), while the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Bahrain ($X) and Yemen ($X) appeared to be the largest markets for glaziers, grafting putty and painters' filling exported from India worldwide, together accounting for 36% of total exports. The United Arab Emirates, Bhutan, Tanzania, Nigeria, Saudi Arabia and Liberia lagged somewhat behind, together accounting for a further 21%.

Liberia, with a CAGR of +69.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average export price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, surging by 2.4% against the previous year. Overall, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($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 United Arab Emirates (+13.4%), while the prices for the other major destinations experienced a decline.

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

Imports into India

In 2022, supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings increased by 28% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 56%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Spain (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to India, with a combined 59% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +51.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Spain ($X) constituted the largest glaziers, grafting putty and painters' filling suppliers to India, together accounting for 53% of total imports.

Among the main suppliers, Spain, with a CAGR of +40.0%, recorded the highest rates of growth with regard to 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 average import price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, rising by 8.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 11% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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