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

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

The East European market for prepared glues and other prepared adhesives surged to $X in 2021, jumping by 18% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Production of Prepared Glues And Other Prepared Adhesives in Eastern Europe

In value terms, production of prepared glues and other prepared adhesives amounted to $X in 2021 estimated in export price. The total production indicated buoyant growth 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, production increased by +65.1% against 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of 14%. Over the period under review, production of reached the maximum level in 2021 and is likely to see steady growth in years to come.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Eastern Europe

Exports of prepared glues and other prepared adhesives rose to X tons in 2021, increasing by 3% against the previous year's figure. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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 +37.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 34% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2021. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 31%. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Poland was the major exporting country with an export of about X tons, which finished at 45% of total exports. Hungary (X tons) ranks second in terms of the total exports with a 23% share, followed by Russia (10%), Belarus (5.3%) and the Czech Republic (5%). Romania (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest prepared glues and other prepared adhesives supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was taken by Hungary ($X), with a 20% share of total exports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland totaled +12.7%. In the other countries, the average annual rates were as follows: Hungary (+18.5% per year) and the Czech Republic (+10.5% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. As a result, the export 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 exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($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 Czech Republic (+7.4%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Eastern Europe

In 2021, approx. X tons of prepared glues and other prepared adhesives were imported in Eastern Europe; growing by 12% against the previous year. The total import volume increased at an average annual rate of +3.3% over the period 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 2020 with an increase of 25%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

In 2021, Poland (X tons), distantly followed by Russia (X tons), the Czech Republic (X tons), Romania (X tons), Slovakia (X tons), Lithuania (X tons), Hungary (X tons) and Ukraine (X tons) represented the largest importers of prepared glues and other prepared adhesives, together achieving 91% of total imports. Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Czech Republic (with a CAGR of +5.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. Romania, Hungary, Slovakia, Lithuania, Ukraine and Belarus lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Romania, with a CAGR of +7.4%, saw the highest growth rate of the value of imports, 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 Eastern Europe amounted to $X per ton, surging by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. 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 Hungary ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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