Thailand: 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 Thailand

The Thai market for glaziers putty, grafting putty, other mastics and painters' fillings contracted modestly to $X in 2022, leveling off at the previous year. Overall, consumption, however, showed a mild contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports from Thailand

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings exported from Thailand rose remarkably to X tons, surging by 6.1% on 2021. Overall, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 54% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings reduced modestly to $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Cambodia (X tons), Myanmar (X tons) and India (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Thailand, with a combined 53% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +177.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Thailand, comprising 21% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of total exports. It was followed by Singapore, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+10.5% per year) and Singapore (+6.9% per year).

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, falling by -7.2% against the previous year. In general, the export price saw a noticeable decline. The growth pace was the most rapid in 2019 an increase of 41% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Tanzania ($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 Philippines (+3.8%), 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 Thailand

In 2022, imports of glaziers putty, grafting putty, other mastics and painters' fillings into Thailand totaled X tons, increasing by 4.1% against the previous year's figure. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +94.9% against 2012 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 25% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings rose remarkably to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +66.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 39%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), South Korea (X tons) and Malaysia (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Thailand, with a combined 60% share of total imports. Japan, Greece, Taiwan (Chinese), Germany, the United States, Australia and France 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 Greece (with a CAGR of +51.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Thailand were Japan ($X), China ($X) and South Korea ($X), together comprising 66% of total imports. Malaysia, the United States, Germany, France, Australia, Taiwan (Chinese) and Greece lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +20.7%, 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 average import price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, growing by 9.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 14%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood 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 United States ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :