Italy: 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 Italy

In 2022, the Italian market for glaziers putty, grafting putty, other mastics and painters' fillings increased by 80% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a mild setback. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Italy

In 2022, exports of glaziers putty, grafting putty, other mastics and painters' fillings from Italy reduced to X tons, therefore, remained relatively stable against 2021 figures. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 22%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings rose significantly to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 22%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons), Croatia (X tons) and Poland (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Italy, with a combined 40% share of total exports. Japan, France, Slovenia, Spain, the UK, Australia, Turkey, Nigeria, Austria and Saudi Arabia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +63.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Italy, comprising 30% of total exports. The second position in the ranking was held by Poland ($X), with a 5.1% share of total exports. It was followed by Spain, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+9.6% per year) and Spain (+4.4% per year).

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, increasing by 10% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 12% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Croatia ($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 Slovenia (+7.3%), 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 Italy

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings into Italy rose significantly to X tons, picking up by 13% on the year before. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Italy, with a combined 61% share of total imports. Poland, Slovenia, France, Romania, Austria and the Netherlands lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Italy, comprising 45% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by Poland, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.6% per year) and Poland (+30.5% 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, with an increase of 3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 7.9%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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