Venezuela: 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 Venezuela

The Venezuelan market for glaziers putty, grafting putty, other mastics and painters' fillings shrank rapidly to $X in 2022, waning by -24.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a deep downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

Exports from Venezuela

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings were finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, faced a sharp descent. The pace of growth was the most pronounced in 2014 when exports increased by 675%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings skyrocketed to $X in 2022. In general, exports, however, faced a precipitous contraction. The pace of growth was the most pronounced in 2014 when exports increased by 539% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Colombia (X kg), Aruba (X kg) and Saint Vincent and the Grenadines (X kg) were the main destinations of exports of glaziers putty, grafting putty, other mastics and painters' fillings from Venezuela, together comprising 90% of total exports. Guyana, the Dominican Republic, the United States, Jamaica and Panama lagged somewhat behind, together comprising a further 7.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of -31.9%), while the other leaders experienced a decline.

In value terms, Aruba ($X) remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Venezuela, comprising 52% of total exports. The second position in the ranking was taken by Saint Vincent and the Grenadines ($X), with an 11% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Aruba stood at -30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (-20.1% per year) and the United States (-36.5% 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, with an increase of 5.7% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +9.0% 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 +83.6% against 2015 indices. The most prominent rate of growth was recorded in 2013 an increase of 63%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Colombia ($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 (+41.4%), 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 Venezuela

In 2022, the amount of glaziers putty, grafting putty, other mastics and painters' fillings imported into Venezuela dropped markedly to X tons, falling by -22.1% compared with the previous year's figure. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 86%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings dropped notably to $X in 2022. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 125%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glaziers, grafting putty and painters' filling to Venezuela, accounting for a 33% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Brazil (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.2% per year) and Brazil (+3.1% per year).

In value terms, the United States ($X), China ($X) and Brazil ($X) constituted the largest glaziers, grafting putty and painters' filling suppliers to Venezuela, together accounting for 61% of total imports.

China, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, shrinking by -4.4% against the previous year. Over the period under review, the import price, however, continues to indicate a measured expansion. The pace of growth was the most pronounced in 2017 an increase of 40%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :