Australia and Oceania: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Australia and Oceania

The market for prepared glues and other prepared adhesives in Australia and Oceania was estimated at $X in 2021, surging by 9.8% against the previous year. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.7% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Australia and Oceania

In value terms, production of prepared glues and other prepared adhesives rose significantly to $X in 2021 estimated in export price. In general, production showed buoyant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 83%. 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 Australia and Oceania

In 2021, the amount of prepared glues and other prepared adhesives exported in Australia and Oceania skyrocketed to X tons, rising by 16% on the year before. The total export volume increased at an average annual rate of +5.7% 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 reached the peak and are likely to continue growth in the immediate term.

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 +2.9% 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

In 2021, Australia (X tons) was the main exporter of prepared glues and other prepared adhesives, creating 86% of total exports. It was distantly followed by New Zealand (X tons), achieving a 14% share of total exports.

Australia was also the fastest-growing in terms of the prepared glues and other prepared adhesives exports, with a CAGR of +6.3% from 2012 to 2021. At the same time, New Zealand (+3.2%) displayed positive paces of growth. From 2012 to 2021, the share of Australia increased by +4.1 percentage points.

In value terms, Australia ($X) remains the largest prepared glues and other prepared adhesives supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +3.0%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-0.8%).

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Australia and Oceania

In 2021, after three years of decline, there was growth in overseas purchases of prepared glues and other prepared adhesives, when their volume increased by 4.9% to X tons. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 13%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a 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 +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the main importing country with an import of about X tons, which amounted to 49% of total imports. New Zealand (X tons) held the second position in the ranking, distantly followed by Fiji (X tons) and Papua New Guinea (X tons). All these countries together took near 47% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Caledonia (with a CAGR of +7.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in Australia and Oceania, comprising 63% of total imports. The second position in the ranking was held by New Zealand ($X), with a 29% share of total imports. It was followed by Fiji, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +2.8%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+5.2% per year) and Fiji (+4.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 when the import price increased by 22% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :