Portugal: 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 Portugal

In 2022, the Portuguese market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -10.2% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, showed resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Production of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in Portugal

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 12%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports from Portugal

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The exports peaked 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 skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Portugal, with a 31% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Spain exceeded the volume sent to the second major destination, Sao Tome and Principe (X tons), twofold. The third position in this ranking was held by Angola (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (+13.8% per year) and Angola (-15.7% per year).

In value terms, Spain ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Portugal, comprising 26% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Angola, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+20.6% per year) and Angola (-5.2% 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, falling by -20.5% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +55.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 50%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then contracted sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Guinea ($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 Angola (+12.5%), 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 Portugal

Imports of glaziers putty, grafting putty, other mastics and painters' fillings into Portugal dropped slightly to X tons in 2022, reducing by -3.8% against 2021 figures. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +72.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then fell slightly in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings shrank to $X in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 39% against the previous year. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of glaziers, grafting putty and painters' filling to Portugal, accounting for a 44% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+14.1% per year) and Germany (+0.9% per year).

In value terms, Spain ($X), Belgium ($X) and Germany ($X) were the largest glaziers, grafting putty and painters' filling suppliers to Portugal, together comprising 70% of total imports. Austria, Italy, France, the Netherlands and Turkey lagged somewhat behind, together comprising a further 23%.

Austria, with a CAGR of +24.6%, recorded the highest growth rate of the value of imports, among the main suppliers 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, leveling off at the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glaziers putty, grafting putty, other mastics and painters' fillings increased by +20.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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