Spain: 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 Spain

The Spanish market for glaziers putty, grafting putty, other mastics and painters' fillings expanded rapidly to $X in 2022, surging by 6.2% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 83%. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports from Spain

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings increased by 10% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings reached $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Portugal (X tons), France (X tons) and Italy (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Spain, with a combined 46% share of total exports. Germany, India, Morocco, Saudi Arabia, Poland, Mexico, the Netherlands, the United States, Cuba and South Africa lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +38.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glaziers, grafting putty and painters' filling exported from Spain were Portugal ($X), France ($X) and India ($X), together comprising 38% of total exports.

India, with a CAGR of +35.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, stabilizing at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 6.8% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 the United States (+3.5%), 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 Spain

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Spain expanded modestly to X tons, surging by 3.6% against 2021 figures. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.9% 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 +113.3% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings expanded significantly to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +22.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Spain, with a combined 64% share of total imports. Italy, Poland, Estonia, the UK, the Netherlands, Portugal, Slovenia and Switzerland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +105.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Spain, comprising 38% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.4% per year) and France (+12.0% per year).

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, growing by 3.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 17%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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