EU: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in the EU

The EU market for prepared glues and other prepared adhesives expanded notably to $X in 2021, growing by 5.1% against the previous year. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.2% against 2019 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Production of Prepared Glues And Other Prepared Adhesives in the EU

In value terms, production of prepared glues and other prepared adhesives amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, production of hit record highs in 2021 and is likely to see gradual growth in years to come.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in the EU

In 2021, shipments abroad of prepared glues and other prepared adhesives increased by 9.3% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 20% 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 near future.

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 +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the major exporter of prepared glues and other prepared adhesives in the European Union, with the volume of exports reaching X tons, which was approx. 38% of total exports in 2021. Italy (X tons) held the second position in the ranking, distantly followed by the Netherlands (X tons), Belgium (X tons) and France (X tons). All these countries together took approx. 41% share of total exports. The following exporters - Poland (X tons), Sweden (X tons), Spain (X tons), Portugal (X tons) and Hungary (X tons) - together made up 15% of total exports.

Exports from Germany increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Hungary (+13.6%), Poland (+8.1%), Belgium (+5.5%), Italy (+4.2%), Spain (+3.9%) and Portugal (+1.6%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +13.6% from 2012-2021. Sweden and the Netherlands experienced a relatively flat trend pattern. By contrast, France (-2.6%) illustrated a downward trend over the same period. While the share of Italy (+2.4 p.p.), Germany (+2.1 p.p.), Belgium (+2 p.p.) and Poland (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-2.8 p.p.) and France (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest prepared glues and other prepared adhesives supplier in the European Union, comprising 45% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +4.3%. In the other countries, the average annual rates were as follows: Italy (+3.7% per year) and the Netherlands (+6.1% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Sweden ($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 (+6.8%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in the EU

Imports of prepared glues and other prepared adhesives rose to X tons in 2021, surging by 1.7% compared with the year before. The total import volume increased at an average annual rate of +4.2% 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 2020 when imports increased by 16%. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by Poland (X tons), France (X tons), Belgium (X tons), Spain (X tons) and the Netherlands (X tons) were the largest importers of prepared glues and other prepared adhesives, together mixing up 60% of total imports. The following importers - Italy (X tons), the Czech Republic (X tons), Austria (X tons), Luxembourg (X tons), Romania (X tons), Slovenia (X tons) and Slovakia (X tons) - together made up 24% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovenia (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 44% of total imports. These countries were followed by the Netherlands, Spain, Italy, Belgium, the Czech Republic, Austria, Romania, Luxembourg, Slovakia and Slovenia, which together accounted for a further 40%.

In terms of the main importing countries, the Netherlands, with a CAGR of +10.3%, recorded the highest rates of growth with regard to 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

The import price in the European Union stood at $X per ton in 2021, surging by 21% against the previous year. In general, the import price showed 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 Italy ($X per ton), while Slovenia ($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 more modest paces of growth.

Source: IndexBox Platform

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