Morocco: 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 Morocco

In 2022, the Moroccan market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -2.6% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, showed a remarkable increase. Over the period under review, the market hit record highs at $X in 2021, and then fell modestly in the following year.

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

Exports from Morocco

Exports of glaziers putty, grafting putty, other mastics and painters' fillings from Morocco fell to X tons in 2022, with a decrease of -13.7% against the previous year's figure. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -42.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 48%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings fell to $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X tons), Congo (X tons) and Cote d'Ivoire (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Morocco, together accounting for 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +43.2%), while the other leaders experienced more modest paces of growth.

In value terms, Mali ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Morocco, comprising 50% of total exports. The second position in the ranking was taken by Congo ($X), with a 14% share of total exports. It was followed by Algeria, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mali totaled +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-3.2% per year) and Algeria (+19.1% per year).

Export Prices by Country

The average export price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, with an increase of 3.2% against the previous year. Over the period under review, export price indicated a modest 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 increased by +18.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 58% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Mauritania ($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 Burkina Faso (+6.2%), 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 Morocco

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported into Morocco; shrinking by -12.4% against the year before. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.8% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 41%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings contracted modestly to $X in 2022. Overall, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Spain (X tons), France (X tons) and China (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Morocco, with a combined 53% share of total imports. Turkey, Germany, the United Arab Emirates, Belgium, Switzerland and Italy lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +38.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Morocco were Spain ($X), France ($X) and Germany ($X), with a combined 48% share of total imports. China, Turkey, the United Arab Emirates, Belgium, Switzerland and Italy lagged somewhat behind, together accounting for a further 38%.

China, with a CAGR of +42.0%, saw the highest growth rate of the value of imports, among the main suppliers 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, increasing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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