Lithuania: 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 Lithuania

In 2022, the Lithuanian market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -5.5% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, saw resilient growth. As a result, consumption attained the peak level of $X, and then fell in the following year.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings reduced slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 755% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from Lithuania

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were exported from Lithuania; with a decrease of -2.6% against the previous year's figure. In general, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings totaled $X in 2022. Over the period under review, exports showed a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Lithuania, accounting for a 26% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. Russia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+7.5% per year) and Russia (-16.9% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Lithuania, comprising 29% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports. It was followed by Latvia, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-15.5% per year) and Latvia (+2.7% per year).

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, growing by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2017 an increase of 28%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Uzbekistan ($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 Belarus (+5.7%), 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 Lithuania

In 2022, overseas purchases of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -8.9% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +51.8% against 2015 indices. The pace of growth was the most pronounced in 2017 when imports increased by 22%. Over the period under review, imports of attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings shrank modestly to $X in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +82.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

Latvia (X tons), Estonia (X tons) and Poland (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Lithuania, together comprising 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +16.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Lithuania were Estonia ($X), Poland ($X) and Latvia ($X), with a combined 74% share of total imports.

Estonia, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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, surging by 5.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform