Turkey: 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 Turkey

The Turkish market for glaziers putty, grafting putty, other mastics and painters' fillings was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, continues to indicate a deep contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings declined significantly to $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 138%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from Turkey

For the fifth year in a row, Turkey recorded growth in shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings, which increased by 7.1% to X tons in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its volume 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, exports increased by +95.6% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of 16%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings surged to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Iraq (X tons), Russia (X tons) and South Africa (X tons) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Turkey, together accounting for 26% of total exports. Uzbekistan, Iran, Israel, India, Belgium, Georgia, Egypt, the UK, Azerbaijan and Tanzania lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +56.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Turkey, comprising 14% of total exports. The second position in the ranking was held by Iraq ($X), with a 6.6% share of total exports. It was followed by Uzbekistan, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+7.7% per year) and Uzbekistan (+22.1% 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, picking up by 15% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.2% 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 +46.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 50%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Tanzania ($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 Georgia (+24.9%), 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 Turkey

In 2022, supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings increased by 20% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +62.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 26%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +68.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to Turkey, together comprising 60% of total imports. Poland, Italy, Slovakia, South Korea, Belgium, Switzerland, Spain, the Netherlands, Latvia and Romania lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +79.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glaziers, grafting putty and painters' filling suppliers to Turkey were Germany ($X), China ($X) and France ($X), with a combined 60% share of total imports. Italy, Poland, South Korea, Belgium, Switzerland, Slovakia, the Netherlands, Spain, Latvia and Romania lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Latvia, with a CAGR of +73.7%, recorded the highest rates of growth with regard to 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

The average import price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, surging by 8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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