Belgium: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Belgium

In 2021, the Belgian market for prepared glues and other prepared adhesives decreased by -64.5% to $X, falling for the third consecutive year after two years of growth. Overall, consumption saw a abrupt slump. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Prepared Glues And Other Prepared Adhesives in Belgium

In value terms, production of prepared glues and other prepared adhesives contracted modestly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of prepared glues and other prepared adhesives, which increased by 12% to X tons in 2021. The total export volume increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 22%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value 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. Based on 2021 figures, exports increased by +102.8% against 2016 indices. The pace of growth was the most pronounced in 2020 when exports increased by 28% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Belgium, together accounting for 54% of total exports. These countries were followed by the UK, Poland, Italy, Sweden, Finland, Hungary, Turkey and the Czech Republic, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared glues and other prepared adhesives exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), with a combined 43% share of total exports. These countries were followed by Sweden, the UK, Poland, Italy, Finland, Hungary, the Czech Republic and Turkey, which together accounted for a further 29%.

In terms of the main countries of destination, Finland, with a CAGR of +28.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Netherlands ($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 Sweden (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Belgium

In 2021, overseas purchases of prepared glues and other prepared adhesives decreased by -15.7% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 41% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020, and then fell sharply in the following year.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. The total import value increased at an average annual rate of +1.6% 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

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Belgium, with a combined 81% share of total imports. These countries were followed by France, Slovenia, Poland and the United States, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +265.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to Belgium were the Netherlands ($X), Germany ($X) and France ($X), together accounting for 75% of total imports. These countries were followed by Italy, the United States, Slovenia and Poland, which together accounted for a further 14%.

Slovenia, with a CAGR of +221.5%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, rising by 43% against the previous year. Overall, the import price, however, showed a perceptible decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($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 United States (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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