MENA: 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 MENA

The MENA's market for glaziers putty, grafting putty, other mastics and painters' fillings was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings declined markedly to $X in 2022 estimated in export price. In general, production posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 125%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in MENA

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -4.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +28.3% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 21% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022. Overall, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 38%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Turkey was the major exporting country with an export of around X tons, which finished at 67% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons), together comprising a 23% share of total exports. Egypt (X tons) and Bahrain (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Egypt (+48.7%), the United Arab Emirates (+9.5%), Saudi Arabia (+2.9%) and Bahrain (+1.5%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +48.7% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Egypt increased by +6.6 and +3.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest glaziers, grafting putty and painters' filling supplier in MENA, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Egypt, with a 6.6% share.

In Turkey, exports of glaziers putty, grafting putty, other mastics and painters' fillings expanded at an average annual rate of +11.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+12.7% per year) and Egypt (+74.2% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by 24% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 +43.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 32%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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 Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+17.1%), while the other leaders experienced more modest paces of growth.

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

Imports in MENA

In 2022, purchases abroad of glaziers putty, grafting putty, other mastics and painters' fillings increased by 0.8% to X tons, rising for the fourth consecutive year after two years of decline. Total imports indicated a strong increase from 2012 to 2022: its volume 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 +26.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings rose sharply to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +83.2% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 14%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly 47% of total imports in 2022. Kuwait (X tons) took the next position in the ranking, followed by Yemen (X tons), Iraq (X tons), Israel (X tons) and Bahrain (X tons). All these countries together took approx. 32% share of total imports. The following importers - Libya (X tons), Oman (X tons), Algeria (X tons), Qatar (X tons) and Egypt (X tons) - together made up 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 58% of total imports. Israel, Egypt, Iraq, Kuwait, Algeria, Oman, Qatar, Libya, Yemen and Bahrain lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Israel, with a CAGR of +13.2%, 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 import price in MENA amounted to $X per ton, rising by 4.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 12% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 Egypt ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform