Benelux: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Benelux

In 2021, the Benelux market for prepared glues and other prepared adhesives decreased by -4.3% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Benelux

In value terms, production of prepared glues and other prepared adhesives dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 21%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Benelux

For the third year in a row, Benelux recorded growth in shipments abroad of prepared glues and other prepared adhesives, which increased by 9.4% to X tons in 2021. Total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.9% 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 +25.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 122%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +79.4% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly 100% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +5.5%).

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021.

Among the main exporting countries, Belgium, with a CAGR of +6.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, rising by 9% against the previous year. Export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for prepared glues and other prepared adhesives increased by +106.7% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 57%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%).

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Benelux

In 2021, supplies from abroad of prepared glues and other prepared adhesives decreased by -4% to X tons for the first time since 2015, thus ending a five-year rising trend. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.4% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23%. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, imports of prepared glues and other prepared adhesives surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.3% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) were the key importers of prepared glues and other prepared adhesives in 2021, accounting for approx. 43% and 37% of total imports, respectively. It was distantly followed by Luxembourg (X tons), creating a 20% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +7.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2021.

The Netherlands, with a CAGR of +10.3%, saw the highest rates of growth with regard to 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 2021, the import price in Benelux amounted to $X per ton, surging by 26% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while Luxembourg ($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 Netherlands (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform