Australia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Australia

The Australian market for prepared glues and other prepared adhesives expanded sharply to $X in 2021, picking up by 6.1% against the previous year. Overall, consumption showed a measured increase. 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

In value terms, production of prepared glues and other prepared adhesives rose sharply to $X in 2021 estimated in export price. Over the period under review, production showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 83% against the previous year. 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 from Australia

In 2021, exports of prepared glues and other prepared adhesives from Australia skyrocketed to X tons, with an increase of 32% compared with the previous year. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Australia, accounting for a 81% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-3.3% per year) and China (+1.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from Australia, comprising 73% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 4.7% share of total exports. It was followed by Singapore, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-4.2% per year) and Singapore (-5.0% per year).

Export Prices by Country

In 2021, the average export price for prepared glues and other prepared adhesives amounted to $X per ton, picking up by 4% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Australia

In 2021, overseas purchases of prepared glues and other prepared adhesives decreased by -0.2% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Over the period under review, imports of attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives expanded significantly to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Australia, together comprising 51% of total imports. The United States, South Korea, Malaysia, the UK, Thailand, Switzerland, the Netherlands, Indonesia, New Zealand and the United Arab Emirates lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +30.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest prepared glues and other prepared adhesives suppliers to Australia, together accounting for 55% of total imports. These countries were followed by Italy, the UK, South Korea, Malaysia, Switzerland, the Netherlands, Thailand, New Zealand, Indonesia and the United Arab Emirates, which together accounted for a further 36%.

Among the main suppliers, Thailand, with a CAGR of +35.2%, saw 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 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :