Norway: 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 Norway

For the fourth consecutive year, the Norwegian market for glaziers putty, grafting putty, other mastics and painters' fillings recorded decline in sales value, which decreased by -0.5% to $X in 2022. In general, consumption showed a noticeable setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

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

Exports from Norway

In 2022, exports of glaziers putty, grafting putty, other mastics and painters' fillings from Norway shrank to X tons, which is down by -2% against the previous year's figure. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 56%. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Sweden (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Norway, accounting for a 83% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Sweden exceeded the volume sent to the second major destination, Iceland (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+18.1% per year) and Denmark (+6.6% per year).

In value terms, Sweden ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Norway, comprising 76% of total exports. The second position in the ranking was taken by Iceland ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+12.1% per year) and Denmark (+7.3% 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, reducing by -10.1% against the previous year. In general, the export price saw a pronounced decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Iceland ($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 Denmark (+0.6%), while the prices for the other major destinations experienced a decline.

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

Imports into Norway

For the fourth consecutive year, Norway recorded decline in purchases abroad of glaziers putty, grafting putty, other mastics and painters' fillings, which decreased by -3.2% to X tons in 2022. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 9.9%. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Norway, together accounting for 79% of total imports. Switzerland, Belgium, the UK and the Netherlands lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +13.2%), 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 Norway were Denmark ($X), Switzerland ($X) and Sweden ($X), with a combined 53% share of total imports. Germany, Belgium, the UK and the Netherlands lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, the UK, with a CAGR of +13.1%, 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, picking up by 4.6% against the previous year. Over the period under review, the import price saw a tangible increase. The pace of growth appeared the most rapid in 2020 an increase of 61%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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