South-Eastern Asia: 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-Eastern Asia

The Southeast Asian market for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Production of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in South-Eastern Asia

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 28% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

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

Exports in South-Eastern Asia

In 2022, approx. X tons of glaziers putty, grafting putty, other mastics and painters' fillings were exported in South-Eastern Asia; shrinking by -8.5% against 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings reduced to $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 19%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Malaysia (X tons) and Thailand (X tons) represented roughly 80% of total exports in 2022. Singapore (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (5.4%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +25.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined 94% share of total exports. Vietnam and Indonesia lagged somewhat behind, together accounting for a further 5.7%.

Vietnam, with a CAGR of +24.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2014 when the export price increased by 18%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.8%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in South-Eastern Asia

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported in South-Eastern Asia contracted to X tons, declining by -6.3% compared with the year before. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +8.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 34% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings rose notably to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +33.9% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 29% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Vietnam (X tons), Thailand (X tons), Singapore (X tons), Malaysia (X tons), Indonesia (X tons) and the Philippines (X tons) represented roughly 91% of total imports in 2022. It was distantly followed by Cambodia (X tons), making up a 5.2% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, together comprising 68% of total imports. Indonesia, Malaysia, the Philippines and Cambodia lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Cambodia, with a CAGR of +15.2%, recorded the highest growth rate of 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 14% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +60.5% against 2017 indices. The pace of growth was the most pronounced in 2020 when the import price increased by 21%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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