Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for glaziers putty, grafting putty, other mastics and painters' fillings dropped to $X in 2022, which is down by -4.7% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Production of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in Latin America and the Caribbean

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 8.3% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

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

Exports in Latin America and the Caribbean

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -3.9% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, the exports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings expanded remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 19%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Mexico was the key exporter of glaziers putty, grafting putty, other mastics and painters' fillings in Latin America and the Caribbean, with the volume of exports recording X tons, which was near 42% of total exports in 2022. Brazil (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (9.6%), Chile (6.7%), Costa Rica (5.8%) and Argentina (4.9%). Uruguay (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Colombia (with a CAGR of +29.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Costa Rica ($X), together accounting for 78% of total exports.

In terms of the main exporting countries, Mexico, with a CAGR of +17.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 20% against the previous year. Export price indicated a mild 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 decreased by -18.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 56% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported in Latin America and the Caribbean; dropping by -12.4% compared with 2021 figures. Total imports indicated strong growth 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, imports increased by +14.5% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 38%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings expanded sharply to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +42.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons), distantly followed by Panama (X tons), Brazil (X tons), Argentina (X tons) and the Dominican Republic (X tons) represented the major importers of glaziers putty, grafting putty, other mastics and painters' fillings, together creating 55% of total imports. Costa Rica (X tons), Chile (X tons), Peru (X tons), Bolivia (X tons), Guyana (X tons), Paraguay (X tons), Ecuador (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +52.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported glaziers putty, grafting putty, other mastics and painters' fillings in Latin America and the Caribbean, comprising 38% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Argentina, with an 8.6% share.

In Mexico, imports of glaziers putty, grafting putty, other mastics and painters' fillings expanded at an average annual rate of +7.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+2.9% per year) and Argentina (+6.0% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of 25% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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