Eastern Asia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Eastern Asia

The East Asian market for prepared glues and other prepared adhesives expanded modestly to $X in 2021, picking up by 1.5% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Glues And Other Prepared Adhesives in Eastern Asia

In value terms, production of prepared glues and other prepared adhesives totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Eastern Asia

In 2021, the amount of prepared glues and other prepared adhesives exported in Eastern Asia expanded remarkably to X tons, increasing by 5.9% against the previous year's figure. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 +59.1% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. Over the period under review, the exports of reached the peak figure 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. The total export value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern 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.

Exports by Country

China dominates adhesives structure, resulting at X tons, which was near 75% of total exports in 2021. South Korea (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took near 17% share of total exports. Japan (X tons) and Hong Kong SAR (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the prepared glues and other prepared adhesives exports, with a CAGR of +9.7% from 2012 to 2021. At the same time, South Korea (+9.4%) displayed positive paces of growth. Japan and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-5.2%) illustrated a downward trend over the same period. China (+18 p.p.) and South Korea (+2 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR, Japan and Taiwan (Chinese) saw its share reduced by -2.7%, -2.8% and -14.9% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest prepared glues and other prepared adhesives supplier in Eastern Asia, comprising 50% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports. It was followed by Japan, with a 13% share.

In China, exports of prepared glues and other prepared adhesives expanded at an average annual rate of +8.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+9.9% per year) and Japan (-2.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. The level of export 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($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) (+3.9%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Eastern Asia

In 2021, approx. X tons of prepared glues and other prepared adhesives were imported in Eastern Asia; picking up by 9.2% on 2020. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% 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 decreased by -0.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 100%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of prepared glues and other prepared adhesives surged to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat 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

In 2021, China (X tons) represented the major importer of prepared glues and other prepared adhesives, generating 51% of total imports. It was distantly followed by South Korea (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons), together comprising a 44% share of total imports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +5.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in Eastern Asia, comprising 69% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by South Korea, with a 9% share.

In China, imports of prepared glues and other prepared adhesives increased at an average annual rate of +3.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+3.3% per year) and South Korea (+0.4% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 7.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 91% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

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 China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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