SADC: 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 SADC

The SADC market for glaziers putty, grafting putty, other mastics and painters' fillings fell to $X in 2022, waning by -2.3% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value 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, consumption decreased by -5.2% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings dropped to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -11.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 36%. The level of production 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 in SADC

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -15.5% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 31% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 26%. Over the period under review, the exports of hit record highs at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

The shipments of the one major exporters of glaziers putty, grafting putty, other mastics and painters' fillings, namely South Africa, represented more than two-thirds of total export.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of glaziers putty, grafting putty, other mastics and painters' fillings. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest glaziers, grafting putty and painters' filling supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at +2.1%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, rising by 22% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +79.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 47% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +3.1% per year.

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

Imports in SADC

Imports of glaziers putty, grafting putty, other mastics and painters' fillings rose sharply to X tons in 2022, with an increase of 8.7% against the previous year. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 38%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings reduced modestly to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Tanzania was the key importer of glaziers putty, grafting putty, other mastics and painters' fillings in SADC, with the volume of imports finishing at X tons, which was approx. 42% of total imports in 2022. It was distantly followed by South Africa (X tons), Botswana (X tons) and Zimbabwe (X tons), together mixing up a 39% share of total imports. Mozambique (X tons), Madagascar (X tons) and Angola (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tanzania (with a CAGR of +34.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported glaziers putty, grafting putty, other mastics and painters' fillings in SADC, comprising 64% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 9.2% share of total imports. It was followed by Angola, with a 5.1% share.

In South Africa, imports of glaziers putty, grafting putty, other mastics and painters' fillings expanded at an average annual rate of +4.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+19.7% per year) and Angola (-9.9% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, shrinking by -8.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+15.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform