Indonesia: 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 Indonesia

The Indonesian market for glaziers putty, grafting putty, other mastics and painters' fillings contracted modestly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 36%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

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

Exports from Indonesia

Exports of glaziers putty, grafting putty, other mastics and painters' fillings from Indonesia fell remarkably to X tons in 2022, dropping by -16.5% against the previous year. In general, exports, however, posted a prominent increase. The growth pace was the most rapid in 2016 with an increase of 51%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings declined sharply to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 31%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons) and China (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Indonesia, with a combined 48% share of total exports. Singapore, the Philippines, India, Bangladesh, Malaysia, Myanmar, Bahrain, Algeria, Australia and Ghana lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +81.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and China ($X) were the largest markets for glaziers, grafting putty and painters' filling exported from Indonesia worldwide, together accounting for 51% of total exports. Singapore, Bangladesh, India, Malaysia, Algeria, Australia, the Philippines, Myanmar, Bahrain and Ghana lagged somewhat behind, together accounting for a further 37%.

The Philippines, with a CAGR of +48.7%, saw the highest growth rate of 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

The average export price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, reducing by -14.8% against the previous year. Overall, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Bahrain ($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 Ghana (+19.9%), 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 Indonesia

In 2022, overseas purchases of glaziers putty, grafting putty, other mastics and painters' fillings increased by 24% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 33%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022. In general, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Indonesia, together comprising 67% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Thailand ($X) were the largest glaziers, grafting putty and painters' filling suppliers to Indonesia, with a combined 55% share of total imports.

China, with a CAGR of +26.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, surging by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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