Russian Federation: 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 the Russian Federation

The Russian market for glaziers putty, grafting putty, other mastics and painters' fillings shrank modestly to $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, recorded a pronounced curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in the Russian Federation

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings declined to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +12.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 162%. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports from the Russian Federation

After eight years of growth, shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -14.5% to X tons in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 50% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings declined markedly to $X in 2022. In general, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Russia, together comprising 88% of total exports. Azerbaijan, Uzbekistan and Armenia lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glaziers, grafting putty and painters' filling exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), together accounting for 82% of total exports. Azerbaijan, Uzbekistan and Armenia lagged somewhat behind, together comprising a further 10%.

Armenia, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, waning by -1.5% against the previous year. In general, the export price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 19%. The export price peaked at $X per ton in 2013; however, from 2014 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 Uzbekistan ($X per ton), while the average price for exports to Ukraine ($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 Uzbekistan (+5.4%), 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 the Russian Federation

Imports of glaziers putty, grafting putty, other mastics and painters' fillings into Russia fell to X tons in 2022, which is down by -5.3% on 2021. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 21%. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings reduced to $X in 2022. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Russia, accounting for a 28% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Poland exceeded the figures recorded by the second-largest supplier, Estonia (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 Poland stood at -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-12.0% per year) and Germany (-8.4% per year).

In value terms, Poland ($X), Estonia ($X) and Belgium ($X) constituted the largest glaziers, grafting putty and painters' filling suppliers to Russia, together comprising 46% of total imports. Germany, China, the United States, Belarus, Turkey, Switzerland, France, Slovenia, Finland and South Korea lagged somewhat behind, together comprising a further 42%.

In terms of the main suppliers, Belarus, with a CAGR of +12.3%, saw 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

The average import price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, waning by -3.4% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price 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, import price for glaziers putty, grafting putty, other mastics and painters' fillings increased by +9.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 25%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 the United States ($X per ton), while the price for South Korea ($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 States (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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