Saudi Arabia: 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 Saudi Arabia

In 2022, the Saudi market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -0.9% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, posted a noticeable increase. Consumption of peaked at $X in 2021, and then fell in the following year.

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

Exports from Saudi Arabia

Exports of glaziers putty, grafting putty, other mastics and painters' fillings from Saudi Arabia contracted to X tons in 2022, shrinking by -12.3% compared with the year before. Overall, exports, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of 89%. The exports peaked at X tons in 2018; however, from 2019 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 to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 54% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Yemen (X tons) and Kuwait (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Saudi Arabia, together accounting for 78% of total exports. Somalia, Oman and Bahrain lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +81.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Yemen ($X) appeared to be the largest markets for glaziers, grafting putty and painters' filling exported from Saudi Arabia worldwide, with a combined 67% share of total exports. Oman, Bahrain and Somalia lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Oman, with a CAGR of +55.3%, recorded the highest rates of growth with regard to the value of exports, 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, with an increase of 2.6% against the previous year. Overall, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2020 an increase of 47%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Somalia ($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 Yemen (+10.3%), 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 Saudi Arabia

In 2022, supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -4.7% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by +48.6% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings declined to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Saudi Arabia, accounting for a 33% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by China (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and China (+2.9% per year).

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Saudi Arabia were Germany ($X), the United Arab Emirates ($X) and Belgium ($X), together accounting for 55% of total imports.

The United Arab Emirates, with a CAGR of +11.2%, recorded the highest rates of growth with regard to 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, approximately equating the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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