Kuwait: 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 Kuwait

The Kuwaiti market for glaziers putty, grafting putty, other mastics and painters' fillings fell to $X in 2022, shrinking by -4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw prominent growth. 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.

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

Exports from Kuwait

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports saw prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 1,439%. As a result, the exports attained the peak of X tons. From 2017 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 dropped to $X in 2022. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,451% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Kuwait, with a 51% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Saudi Arabia exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+21.1% per year) and the United Arab Emirates (+4.2% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Kuwait, comprising 61% of total exports. The second position in the ranking was held by Qatar ($X), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+22.8% per year) and the United Arab Emirates (+13.8% 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, which is down by -13.3% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glaziers putty, grafting putty, other mastics and painters' fillings increased by +58.8% against 2014 indices. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Greece (+32.5%), 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 Kuwait

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings into Kuwait declined to X tons, dropping by -3.7% on 2021. Overall, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 56%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings dropped slightly to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 53%. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Kuwait, accounting for a 60% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Bahrain (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+10.7% per year) and Bahrain (+136.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Kuwait, comprising 38% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 9.6% share of total imports. It was followed by Belgium, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+11.5% per year) and Belgium (+3.7% per year).

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, leveling off at the previous year. Over the period under review, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of 4.9%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average 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 the Netherlands ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :