MERCOSUR: 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 MERCOSUR

The MERCOSUR market for glaziers putty, grafting putty, other mastics and painters' fillings contracted slightly to $X in 2022, remaining constant against the previous year. In general, consumption, however, showed a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 7.3%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings declined slightly to $X in 2022 estimated in export price. Overall, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 5% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in MERCOSUR

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were exported in MERCOSUR; with a decrease of -11.3% against the year before. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +67.2% against 2014 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +74.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Brazil (X tons) represented the main exporter of glaziers putty, grafting putty, other mastics and painters' fillings, constituting 47% of total exports. Colombia (X tons) ranks second in terms of the total exports with a 20% share, followed by Chile (14%), Argentina (10%) and Uruguay (7.2%).

From 2012 to 2022, average annual rates of growth with regard to glaziers, grafting putty and painters' filling exports from Brazil stood at +3.9%. At the same time, Colombia (+29.1%) and Chile (+19.7%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +29.1% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Uruguay (-5.7%) illustrated a downward trend over the same period. While the share of Colombia (+17 p.p.) and Chile (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-5.9 p.p.), Argentina (-6.1 p.p.) and Uruguay (-14.1 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest glaziers, grafting putty and painters' filling supplier in MERCOSUR, comprising 62% of total exports. The second position in the ranking was taken by Chile ($X), with a 15% share of total exports. It was followed by Argentina, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+12.6% per year) and Argentina (-1.1% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of 30% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+0.8%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MERCOSUR

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported in MERCOSUR; dropping by -2.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.7% 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 2014 with an increase of 20%. The volume of import peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X in 2022. The total import value increased at an average annual rate of +4.1% 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 when imports increased by 35%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Brazil (X tons), distantly followed by Argentina (X tons), Chile (X tons), Peru (X tons), Guyana (X tons), Paraguay (X tons), Ecuador (X tons), Uruguay (X tons) and Colombia (X tons) were the major importers of glaziers putty, grafting putty, other mastics and painters' fillings, together creating 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Chile ($X), with a combined 71% share of total imports. Peru, Colombia, Uruguay, Ecuador, Paraguay and Guyana lagged somewhat behind, together accounting for a further 28%.

Among the main importing countries, Paraguay, with a CAGR of +8.0%, recorded the highest growth rate of 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 import price in MERCOSUR amounted to $X per ton, growing by 9.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 15%. Over the period under review, import prices attained the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: 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 Colombia (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform