Pakistan: 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 Pakistan

In 2022, the Pakistani market for glaziers putty, grafting putty, other mastics and painters' fillings increased by 400% to $X, rising for the second year in a row after four years of decline. In general, consumption posted a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Pakistan

In 2022, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -67.4% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 278%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings shrank remarkably to $X in 2022. In general, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 387% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Pakistan, with a 99% share of total exports. It was followed by the United Arab Emirates (X tons), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled -2.0%.

In value terms, Afghanistan ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Pakistan, comprising 99% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Afghanistan totaled +1.7%.

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 76% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Afghanistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+16.0%), 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 Pakistan

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported into Pakistan; rising by 39% compared with the previous year. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% 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 +41.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 66%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings totaled $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +74.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Thailand (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Pakistan, accounting for a 46% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.6% per year) and the United Arab Emirates (+3.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Pakistan, comprising 37% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+9.7% per year) and China (+21.7% per year).

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, with a decrease of -27.6% against the previous year. In general, the import price showed a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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