Scandinavia: 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 Scandinavia

The Scandinavia market for glaziers putty, grafting putty, other mastics and painters' fillings reduced notably to $X in 2022, falling by -15.1% against the previous year. Over the period under review, consumption recorded a slight downturn. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings contracted rapidly to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The growth pace was the most rapid in 2014 with an increase of 7.2%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Scandinavia

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were exported in Scandinavia; declining by -2% against the previous year. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings declined to $X in 2022. Overall, exports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 when exports increased by 13%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of glaziers putty, grafting putty, other mastics and painters' fillings, committing 85% of total exports. Norway (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Finland (4.7%).

Exports from Sweden increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, Norway (+13.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +13.2% from 2012-2022. By contrast, Finland (-26.4%) illustrated a downward trend over the same period. While the share of Sweden (+45 p.p.) and Norway (+8.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-53.9 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest glaziers, grafting putty and painters' filling supplier in Scandinavia, comprising 81% of total exports. The second position in the ranking was taken by Norway ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Norway (+9.2% per year) and Finland (-16.0% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, dropping by -11.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2020 an increase of 9.9%. The level of export peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+14.1%), while the other leaders experienced a decline in the export price figures.

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

Imports in Scandinavia

For the fourth consecutive year, Scandinavia recorded decline in supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings, which decreased by -5.8% to X tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

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 +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 16% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Sweden (X tons) and Norway (X tons) represented roughly 82% of total imports in 2022. It was distantly followed by Finland (X tons), making up an 18% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +3.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

Finland, with a CAGR of +6.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of 4.5% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +95.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 20%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform