Luxembourg: 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 Luxembourg

In 2022, the Luxembourg market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -15.2% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a tangible expansion. Consumption of peaked at $X in 2021, and then shrank dramatically in the following year.

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

Exports from Luxembourg

In 2022, exports of glaziers putty, grafting putty, other mastics and painters' fillings from Luxembourg declined rapidly to X tons, shrinking by -91.9% on 2021 figures. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 362%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings shrank markedly to $X in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 759%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the UK (X tons) and Belgium (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Luxembourg, with a combined 70% share of total exports. Germany, Portugal, Italy, Turkey and Austria lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of -1.6%), while the other leaders experienced a decline.

In value terms, the largest markets for glaziers, grafting putty and painters' filling exported from Luxembourg were France ($X), the UK ($X) and Germany ($X), with a combined 60% share of total exports.

Germany, with a CAGR of +2.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

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, dropping by -23.8% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 -29.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 86% against the previous year. The export price peaked 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Portugal ($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 Germany (+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 Luxembourg

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Luxembourg contracted sharply to X tons, declining by -32.7% compared with the previous year. In general, imports showed a mild decline. The pace of growth appeared the most rapid in 2013 when imports increased by 40% against the previous year. As a result, imports attained the peak of X tons. From 2014 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 reduced remarkably to $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 112%. Over the period under review, imports of reached the maximum at $X in 2021, and then declined sharply in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Luxembourg, with a combined 85% share of total imports. Serbia, the Netherlands, the United States and Italy lagged somewhat behind, together accounting for a further 8.3%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +73.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the United States ($X) were the largest glaziers, grafting putty and painters' filling suppliers to Luxembourg, together comprising 79% of total imports. The Netherlands, Serbia, France and Italy lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, Italy, with a CAGR of +48.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, almost unchanged from the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price 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, import price for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -19.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 51%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 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 Germany (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :