Iran: 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 Iran

The Iranian market for glaziers putty, grafting putty, other mastics and painters' fillings fell to $X in 2022, which is down by -6% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings reduced to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from Iran

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings increased by 26% to X tons, rising for the second consecutive year after five years of decline. Overall, exports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 229% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings contracted to $X in 2022. Over the period under review, exports, however, showed a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of 418% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Armenia (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Iran, accounting for a 47% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Armenia exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. Azerbaijan (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Armenia stood at -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+21.6% per year) and Azerbaijan (+16.4% per year).

In value terms, Azerbaijan ($X), Armenia ($X) and Kazakhstan ($X) constituted the largest markets for glaziers, grafting putty and painters' filling exported from Iran worldwide, with a combined 83% share of total exports. Uzbekistan and Turkey lagged somewhat behind, together comprising a further 11%.

Turkey, with a CAGR of +36.7%, saw 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, reducing by -25.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 58%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Azerbaijan ($X per ton), while the average price for exports to Turkey ($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 Azerbaijan (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Iran

Imports of glaziers putty, grafting putty, other mastics and painters' fillings into Iran declined to X tons in 2022, waning by -4.7% on 2021 figures. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 91% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings contracted to $X in 2022. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 83% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of glaziers, grafting putty and painters' filling to Iran, with a 80% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.3% per year) and Germany (-25.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Iran, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Germany, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and Germany (-17.6% 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, reducing by -7.7% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +70.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 41% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :