GCC: 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 GCC

The GCC market for glaziers putty, grafting putty, other mastics and painters' fillings expanded notably to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

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

In value terms, production of glaziers putty, grafting putty, other mastics and painters' fillings rose sharply to $X in 2022 estimated in export price. Overall, production showed a tangible expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in GCC

For the third consecutive year, GCC recorded growth in shipments abroad of glaziers putty, grafting putty, other mastics and painters' fillings, which increased by X% to X tons in 2022. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings soared to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of around X tons, which finished at X% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a X% share, followed by Bahrain (X%). Oman (X tons) took a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the glaziers putty, grafting putty, other mastics and painters' fillings exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) and Bahrain (X%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.), Bahrain (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest glaziers, grafting putty and painters' filling supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, exports of glaziers putty, grafting putty, other mastics and painters' fillings expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in GCC

In 2022, supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings increased by X% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Bahrain (X tons), Kuwait (X tons), Oman (X tons) and Qatar (X tons), together mixing up a X% share of total imports.

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

In value terms, the largest glaziers, grafting putty and painters' filling importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), together accounting for X% of total imports. Oman, Qatar and Bahrain lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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