New Zealand: 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 New Zealand

The New Zealand market for glaziers putty, grafting putty, other mastics and painters' fillings shrank to $X in 2022, which is down by -7.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.0% against 2020 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

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

Exports from New Zealand

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings exported from New Zealand surged to X tons, jumping by 56% compared with the year before. In general, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022. Over the period under review, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from New Zealand, with a 61% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Australia exceeded the volume sent to the second major destination, Fiji (X tons), threefold. The third position in this ranking was held by Samoa (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+1.3% per year) and Samoa (+3.1% per year).

In value terms, Australia ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from New Zealand, comprising 64% of total exports. The second position in the ranking was held by Fiji ($X), with a 20% share of total exports. It was followed by Samoa, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+13.6% per year) and Samoa (+9.5% 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, rising by 3.1% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +27.2% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 37% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and Samoa ($X per ton), while the average price for exports to Cook Islands ($X per ton) and Fiji ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+12.2%), 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 New Zealand

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported into New Zealand; which is down by -14.4% on the previous year's figure. The total import volume increased at an average annual rate of +2.0% 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 2017 when imports increased by 32% against the previous year. Imports peaked 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 reached $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +35.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to New Zealand, together comprising 51% of total imports. Italy, Belgium, Japan, the UK, China, South Korea, Switzerland, France, Malaysia and the Netherlands lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to New Zealand were Germany ($X), Australia ($X) and the United States ($X), with a combined 51% share of total imports. Italy, Belgium, Japan, the UK, China, South Korea, Switzerland, France, Malaysia and the Netherlands lagged somewhat behind, together accounting for a further 46%.

In terms of the main suppliers, China, with a CAGR of +20.8%, 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, increasing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2016 an increase of 18% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Australia ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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