Chile: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Chile

The Chilean market for prepared glues and other prepared adhesives soared to $X in 2021, growing by 54% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded prominent growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Chile

In 2021, approx. X tons of prepared glues and other prepared adhesives were exported from Chile; shrinking by -8% on 2020. In general, exports saw a perceptible decline. The growth pace was the most rapid in 2013 with an increase of 26%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of prepared glues and other prepared adhesives declined to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons), Argentina (X tons) and Peru (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Chile, with a combined 53% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +17.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared glues and other prepared adhesives exported from Chile were Argentina ($X), Peru ($X) and Brazil ($X), together comprising 53% of total exports. Ecuador, Mexico, Bolivia, Uruguay, Costa Rica and Colombia lagged somewhat behind, together accounting for a further 40%.

In terms of the main countries of destination, Ecuador, with a CAGR of +7.2%, 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, increasing by 8.2% against the previous year. Overall, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 8.8%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Colombia ($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 Mexico (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Chile

In 2021, approx. X tons of prepared glues and other prepared adhesives were imported into Chile; increasing by 22% compared with 2020. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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 +3.3% 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) constituted the largest prepared glues and other prepared adhesives supplier to Chile, with a 37% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.4% per year) and Spain (+16.8% per year).

In value terms, China ($X), the United States ($X) and Spain ($X) constituted the largest prepared glues and other prepared adhesives suppliers to Chile, with a combined 50% share of total imports. These countries were followed by Brazil, Germany, Costa Rica, Mexico, Turkey, Colombia, Argentina, the UK and Taiwan (Chinese), which together accounted for a further 34%.

Costa Rica, with a CAGR of +76.3%, saw the highest growth rate of 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

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, increasing by 10% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Costa Rica ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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