South Africa: 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 South Africa

The South African market for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced downturn. The growth pace was the most rapid in 2018 when the production volume increased by 9.5% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports from South Africa

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -16.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 32%. Over the period under review, the exports of attained the maximum 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 totaled $X in 2022. The total export value increased at an average annual rate of +2.1% 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 exports increased by 26% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons), Mozambique (X tons) and Swaziland (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from South Africa, with a combined 63% share of total exports. Botswana, Zambia, Malawi, Democratic Republic of the Congo, Namibia, Lesotho, Seychelles, Vietnam and France lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +1,020.0%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from South Africa, comprising 31% of total exports. The second position in the ranking was taken by Botswana ($X), with a 12% share of total exports. It was followed by Mozambique, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+2.0% per year) and Mozambique (+0.1% per year).

Export Prices by Country

The average export price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, rising by 24% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +83.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to France ($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 Vietnam (+13.2%), 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 South Africa

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were imported into South Africa; with a decrease of -9.8% compared with 2021. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 57% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings dropped modestly to $X in 2022. The total import value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 37%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to South Africa, with a 39% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.2% per year) and Germany (+3.3% per year).

In value terms, Germany ($X), Switzerland ($X) and Turkey ($X) appeared to be the largest glaziers, grafting putty and painters' filling suppliers to South Africa, with a combined 54% share of total imports. China, Belgium, the UK, France, Spain and Egypt lagged somewhat behind, together accounting for a further 31%.

China, with a CAGR of +31.7%, saw 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, surging by 7.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :