Japan: 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 Japan

The Japanese market for glaziers putty, grafting putty, other mastics and painters' fillings totaled $X in 2022, approximately reflecting the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached 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 Japan

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 19%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from Japan

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were exported from Japan; which is down by -3.4% on the year before. The total export volume increased at an average annual rate of +3.0% 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 when exports increased by 22%. The exports peaked at X tons in 2018; however, from 2019 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 to $X in 2022. Overall, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +61.6% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

China (X tons), Australia (X tons) and Thailand (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Japan, together accounting for 40% of total exports. The United States, Taiwan (Chinese), India, Indonesia, Malaysia, Vietnam, South Korea, Hong Kong SAR, Turkey and Singapore lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +32.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glaziers, grafting putty and painters' filling exported from Japan were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined 49% share of total exports. Thailand, the United States, Australia, Malaysia, Vietnam, Hong Kong SAR, India, Indonesia, Singapore and Turkey lagged somewhat behind, together accounting for a further 41%.

India, with a CAGR of +25.5%, recorded 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

In 2022, the average export price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, waning by -7% against the previous year. Over the period under review, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 South Korea ($X per ton), while the average price for exports to Turkey ($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 Taiwan (Chinese) (+5.3%), 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 Japan

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Japan soared to X tons, growing by 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings rose rapidly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of glaziers, grafting putty and painters' filling to Japan, accounting for a 43% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +49.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.1% per year) and the United States (-2.8% per year).

In value terms, the United States ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Japan, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.0% per year) and Italy (+42.5% 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, falling by -2.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 17%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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