Nigeria: Market for Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings 2025

Market Size for Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in Nigeria

The Nigerien market for glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022, increasing by 33% 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). Overall, consumption posted a notable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

Exports from Nigeria

After four years of growth, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -68.1% to X tons in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 453%. Over the period under review, the exports of attained the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings shrank sharply to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 418% against the previous year. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Benin (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Nigeria, accounting for a 81% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Benin exceeded the volume sent to the second major destination, Niger (X tons), fivefold. Togo (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Benin stood at +52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+30.3% per year) and Togo (0.0% per year).

In value terms, Benin ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Nigeria, comprising 89% of total exports. The second position in the ranking was held by Ghana ($X), with a 5.5% share of total exports. It was followed by Niger, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Benin stood at +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+7.5% per year) and Niger (+22.4% 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, rising by 100% against the previous year. Over the period under review, the export price continues to indicate a notable increase. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Togo ($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 Ghana (+26.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Nigeria

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings into Nigeria soared to X tons, increasing by 36% compared with 2021 figures. Overall, imports showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 261%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 93% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), China (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 Nigeria, together accounting for 62% of total imports. Malaysia, Turkey, Egypt, the UK, India, Spain, the United Arab Emirates and Belgium lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +52.2%), 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 Nigeria were Italy ($X), China ($X) and the UK ($X), with a combined 54% share of total imports. The United States, Malaysia, Turkey, Egypt, Spain, India, Belgium and the United Arab Emirates lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Turkey, with a CAGR of +54.1%, saw 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 average import price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, falling by -11.7% against the previous year. Over the period under review, the import price recorded a noticeable descent. The pace of growth appeared the most rapid in 2014 an increase of 57% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 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 Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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