China: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in China

The Chinese market for prepared glues and other prepared adhesives dropped slightly to $X in 2021, which is down by -3.7% against the previous year. The market 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. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Prepared Glues And Other Prepared Adhesives in China

In value terms, production of prepared glues and other prepared adhesives shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Production of peaked at $X in 2020, and then reduced in the following year.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from China

For the fifth consecutive year, China recorded growth in shipments abroad of prepared glues and other prepared adhesives, which increased by 9.3% to X tons in 2021. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +107.2% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for exports of prepared glues and other prepared adhesives from China, with a 14% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Vietnam exceeded the volume sent to the second major destination, India (X tons), threefold. Mongolia (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+10.6% per year) and Mongolia (+47.6% per year).

In value terms, Vietnam ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from China, comprising 14% of total exports. The second position in the ranking was taken by the United States ($X), with a 5.4% share of total exports. It was followed by India, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.4% per year) and India (+11.2% per year).

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, increasing by 15% against the previous year. In general, the export price, however, saw a mild descent. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 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 Taiwan (Chinese) ($X per ton), while the average price for exports to Mongolia ($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 United Arab Emirates (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into China

In 2021, supplies from abroad of prepared glues and other prepared adhesives was finally on the rise to reach X tons after four years of decline. Overall, imports recorded a mild expansion. The pace of growth was the most pronounced in 2016 when imports increased by 166% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of failed to regain momentum.

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 +3.5% 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

Japan (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to China, together accounting for 59% of total imports. Germany, Malaysia, the United States and Italy lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of prepared glues and other prepared adhesives to China, comprising 38% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.0% per year) and Taiwan (Chinese) (+3.3% per year).

Import Prices by Country

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, growing by 9% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for prepared glues and other prepared adhesives increased by +255.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 175% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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) (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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