Paraguay: 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 Paraguay

In 2022, the Paraguayan market for glaziers putty, grafting putty, other mastics and painters' fillings increased by 5% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +55.5% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

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

Exports from Paraguay

In 2022, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -94% to X kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 3,949%. 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 soared to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 2,945%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X kg) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Paraguay, accounting for a 95% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Uruguay exceeded the volume sent to the second major destination, Chile (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Uruguay totaled +16.7%.

In value terms, Uruguay ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Paraguay, comprising 91% of total exports. The second position in the ranking was held by Chile ($X), with a 9.3% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Uruguay totaled +206.1%.

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, growing by 3,156% against the previous year. Over the period under review, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Uruguay totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+162.4%), 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 Paraguay

After two years of growth, supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -9.4% to X tons in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +7.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +48.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Paraguay, accounting for a 77% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+4.9% per year) and Spain (+25.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Paraguay, comprising 48% of total imports. The second position in the ranking was held by Spain ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+24.7% per year) and Argentina (+3.5% per year).

Import Prices by Country

The average import price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, with an increase of 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform