United Arab Emirates: 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 the United Arab Emirates

In 2022, the market for glaziers putty, grafting putty, other mastics and painters' fillings in the United Arab Emirates was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in the United Arab Emirates

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 141%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports from the United Arab Emirates

After four years of growth, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -37.8% to X tons in 2022. Overall, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. As a result, the exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings declined to $X in 2022. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 96%. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Benin (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from the United Arab Emirates, accounting for a 24% share of total exports. Moreover, exports of glaziers putty, grafting putty, other mastics and painters' fillings to Benin exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by Egypt (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Benin totaled +1,386.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+77.9% per year) and Egypt (+20.1% per year).

In value terms, Turkey ($X), Egypt ($X) and India ($X) appeared to be the largest markets for glaziers, grafting putty and painters' filling exported from the United Arab Emirates worldwide, with a combined 47% share of total exports. The United States, Morocco, Benin, Jordan, Bahrain, Kazakhstan, Uzbekistan, Sri Lanka, Tanzania and the Philippines lagged somewhat behind, together accounting for a further 38%.

Benin, with a CAGR of +1,163.1%, saw the highest growth rate of the value of exports, among 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

In 2022, the average export price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, growing by 37% against the previous year. Overall, export 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. The pace of growth was the most pronounced in 2014 when the average export price increased by 68%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Tanzania ($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 United States (+29.3%), 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 the United Arab Emirates

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into the United Arab Emirates declined slightly to X tons, shrinking by -3.5% compared with the previous year. Overall, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 47% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings contracted to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 73%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of imports of glaziers putty, grafting putty, other mastics and painters' fillings to the United Arab Emirates, together comprising 33% of total imports. The UK, Belgium, Turkey, France, South Korea, Italy, Romania, India and the Netherlands lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +642.0%), 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 the United Arab Emirates were Germany ($X), the United States ($X) and China ($X), together accounting for 32% of total imports. Belgium, the UK, Turkey, France, Italy, South Korea, Romania, the Netherlands and India lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Romania, with a CAGR of +554.6%, 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

In 2022, the average import price for glaziers putty, grafting putty, other mastics and painters' fillings amounted to $X per ton, declining by -4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 17% 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 failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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