Asia-Pacific: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Asia-Pacific

The Asia-Pacific market for prepared glues and other prepared adhesives stood at $X in 2021, growing by 1.6% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Asia-Pacific

In value terms, production of prepared glues and other prepared adhesives stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 15%. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth remained at a lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Asia-Pacific

In 2021, the amount of prepared glues and other prepared adhesives exported in Asia-Pacific was estimated at X tons, picking up by 7.7% compared with the previous year. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 25%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. The total export value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in adhesives structure, finishing at X tons, which was approx. 63% of total exports in 2021. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons), together making up a 20% share of total exports. Japan (X tons), Hong Kong SAR (X tons), India (X tons) and Vietnam (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to prepared glues and other prepared adhesives exports from China stood at +9.7%. At the same time, Vietnam (+14.0%), Malaysia (+9.6%) and South Korea (+9.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +14.0% from 2012-2021. India, Japan and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-5.2%) illustrated a downward trend over the same period. China (+15 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while India, Hong Kong SAR, Japan and Taiwan (Chinese) saw its share reduced by -1.5%, -2.2%, -2.3% and -12.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prepared glues and other prepared adhesives supplier in Asia-Pacific, comprising 43% of total exports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +8.4%. In the other countries, the average annual rates were as follows: South Korea (+9.9% per year) and Japan (-2.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 12% against the previous year. In general, the export price, however, saw a slight contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Asia-Pacific

Imports of prepared glues and other prepared adhesives rose notably to X tons in 2021, picking up by 11% on the previous year's figure. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 47%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), Vietnam (X tons) and South Korea (X tons) was the largest importer of prepared glues and other prepared adhesives in Asia-Pacific, generating 48% of total import. India (X tons) ranks next in terms of the total imports with a 6.9% share, followed by Indonesia (5.8%) and Thailand (4.6%). Hong Kong SAR (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Bangladesh (X tons), Myanmar (X tons) and Australia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +57.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in Asia-Pacific, comprising 44% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 10% share of total imports. It was followed by Hong Kong SAR, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+13.5% per year) and Hong Kong SAR (+3.3% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 43% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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